After 13 years on the market, GEM (Guyana Entertainment Magazine) was forced to suspend its operations for 2018 owing to the lack of advertisement and subscription sales.
“Declining advertising revenue and subscription sales and an unsafe environment are among the factors that have forced us to re-examine our business model for Guyana,” founder and publisher Simeon Corbin stated.
He further stated “Unfortunately, we don’t foresee any improvement in the publishing industry soon. In addition, the obvious out of control criminal activity has created a clear and immediate danger to our operation. Of course, our safety and well-being are paramount to our existence.”
Due to the recent development, all local and international subscribers will be reimbursed their unused portion of the subscription.
The magazine in a release stated that it is deeply humbled by everyone’s support, and promises that should there be significant improvements in business and security, it will consider re-launching the magazine but as of now, it owes a huge debt of gratitude to its readers for supporting the concept to positively promote the country, by transcending race, politics, religion and class.
“Your continuous support year after year at home and in the Diaspora from issue one to issue seventy-seven is incredible,” the magazine stated.
Finally, the magazine would like to thank all its clients, friends, writers, photographers, graphic artists, newsstands, subscribers and office staff who have helped to build it and keep Guyana’s first and only glossy lifestyle publication in operation for 13 years.