NEWSPAPER’S FAILURE

Poverty Bay Herald, Volume LIX, Issue 17945, 24 November 1932, Page 5

NEWSPAPER’S FAILURE

SYDNEY JOURNAL DIES HEAVY FINANCIAL LOSS SYDNEY, Nov. 17. _ Another sad chapter of Australia’s newspaper history lias closed. The World, which started .1.2 months ago with a great flourish of trumpets on money held in reserve for the purpose by the Australian Workers’ Union, is no more. Thousands have been lost in the venture —how many thousands few know—and now 300 people have been thrown on the employment market with little prospect of being absorbed in the near future. Once again the Fleet Street tragedy so ably described by Sir Philip Gibbs in his “Street of Adventure” comes before newspaper men as .something very real. The World was never a great, success. Politically it had “backed the wrong horse.” Us policy was Labor, but not Lang Labor, and Lang -Labor is the only Labor force in New South Wales to-day. It supported Mr. Se.ullin and his followers in the .Federal Labor Party, and Mr. Scullin is anything but popular among the true-blue Labor men of Now South Wales. Mr Scullin was in power when the World first offered itself to the discriminating public, but it was not long before he had lost power. Until Monday it appeared as though a now paper, the Star, would take the place of the World. A Sydney syndicate was credited with having an option over the plant, and had actually decided to bring out a new paper, which was to have boon sold at the cut rate of one penny. An editor had been appointed and several members of the staff had Been engaged. A wireless campaign was. instituted and ran for nearly a week. 3he Star was going to be something different a paper that everyone would want to read. It was being rushed with advertisements. Then, ot a sudden, it was announced to the World stall that there would be no Star. Hopes had been dashed to the ground in an instant.