GEM suspends operation over crime rate, declining revenue

The Guyana Entertainment Magazine (GEM) on Thursday announced that it will be suspending operations this year.

In a statement, GEM’s Founder and Publisher, Mr Simeon Corbin cited declining advertising revenue and subscription sales and “an unsafe environment” as the factors which have forced the company to reexamine its business model for Guyana.

“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,” he was quoted as saying in the statement.

The magazine expressed gratitude to its clients, friends, writers, photographers, graphic artists, newsstands, subscribers and office staff who have helped to build the Magazine which has been in operation for thirteen years.

All local and international subscribers will be reimbursed their unused portion of the subscription to the magazine’s site https://issuu.com/guyanaentertainmentmagazine

The publisher said if there are significant improvements in business and security in Guyana, he will consider relaunching the magazine.