Associated Media, publisher of Cosmo SA, to close
“The unexpected and devastating impact of Covid-19, causing the closure of printing and distribution channels [and] the global halt on advertising spend, as well as the inability to host events for the foreseeable future, have made it impossible to continue trading, despite large amounts of personal funds having gone into AMP,” said Julia Raphaely, AMP CEO, in a statement on Thursday, 30 April 2020.
The company added that is currently trying to minimise the negative financial implications on creditors and staff.
Associated Media was launched in 1982 by Jane Raphaely, Julia’s mother.
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