PrintNZ has joined forces with the Community Newspapers Association and Magazine Publishers Association to obtain newspaper and magazine relief funding.
The industry bodies have successfully lobbied government for access its media relief package funding. The package targets community newspapers and magazines that have suffered from the effects of Lockdown Level Four. PrintNZ has provided, and continues to provide, assistance across the industry throughout the Covid-19 pandemic.
Ruth Cobb, chief executive at PrintNZ, says, “After quite some time and negotiation, agreement has been reached that a pool of $4m will be shared among the affected publications. Community newspapers or magazines that fit the criteria can apply for a share of this funding. If you are printing publications for your customers, please pass this on to them. Once they know the fund is available, they can apply.”
Applications will remain open until October 9.
Newspaper and magazine relief
To be eligible to apply, you must:
• Have suffered a 30 per cent decline in actual revenue over the period of a month during Lockdown Level Four, when compared with the same month last year, and that decline is related to Covid-19 (in line with the criteria for the first wage subsidy).
• Be a New Zealand based business.
• Meet the definition of being either a community newspaper or a magazine as follows: a community newspaper is defined as a standalone periodical publication, published at least monthly and no more than four times weekly, containing primarily original editorial content focusing on a certain community; geographic, ethnic or other special interest; a magazine is defined as a standalone periodical publication, published at least annually, containing primarily original content on a particular subject or aimed at a particular readership.
The government expects to distribute funds in early November.
Click here for full details of the fund and eligibility criteria
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