Psychic News Under Threat of Closure

It is clear from information we are seeing from a range of places that there is a serious risk that this may occur.

The latest report Roy Stemman's Paranormal Review. Rather than post a link we have asked him for permission to post the entire blog. Until then you can find it at
http://www.paranormalreview.com/

Psychic News remains a very important publication for all Spiritualists.

Admin wrote:It is clear from information we are seeing from a range of places that there is a serious risk taht this may occur.

The latest report Roy Stemman's Paranormal Review. Rather than post a link we have asked him for permission to post the entire blog. Until then you can find it at
http://www.paranormalreview.com/

Psychic News remains a very important publication for all Spiritualists.

There is also this:

http://bit.ly/9gGtWC

Thanks Z

You can also follow the link given and join the Facebook Causes site Save Psychic News

Regarding the controversy over the future of “Psychic News”, whose fate will be announced at the SNU AGM over the weekend, it is worth remembering that the last time the SNU owned the “Psychic News” it turned out to be an unmitigated disaster.

Barbanell resigned in 1946 from the editorship when he discovered that Arthur Findlay intended leaving his shares to the SNU.

He then went on to edit “Psychic Truth”, “Psychic World” and finally “Two Worlds” (then a weekly newspaper).

However, in 1962, he was able to take back and resume editorship of PN after being practically begged by the SNU (who were making heavy losses at the time) to take over the paper.

Barbanell was helped by a wealthy supporter and took over the weekly production of PN at the same time turning “Two Worlds” into a monthly magazine, which it still is today.

It is also worth remembering that when Barbanell formed the Spiritual Truth Foundation the secondary aim was to prevent the SNU ever laying their hands on the “Psychic News” again.

Sadly, his wishes were disregarded.

It is also well worth adding that for a fair few years after the SNU took over PN, the paper made a healthy profit.

However, the profits went to the SNU, which is why, at its time of dire need, the paper has no reserves to see it through a very rocky patch financially.

It should also be pointed out that PN had to pay rent to the SNU for its office accommodation, which was a severe drain on PN's finances over the last few years.