Village Magazine has returned to newsagents shelves last week with Michael Smith, a former backer, as the new editor.
The new Village is described as "left-wing, investigative," and in this regard it is offering a €10,000 reward for "comprehensive, verifiable information about the
funding of the Libertas campaign on the Lisbon Treaty" sent exclusively to them before December 31.
Early this month, the Sunday Independent quoted former editor Vincent Browne saying: "Michael Smith made loans of €70,000 to [the former publisher of the magizine, Village Communications Ltd]. In return for
writing off those loans, the title Village has been leased to him."
The new publication will not take on the debts of the old, most of which are said to have been paid. In a statement to the Sunday Independent, Browne added: "I am by far the major creditor of Village. Arrangements had been come
to with the other creditors and almost all of these have been paid."
Browne will also write a regular column for the relaunched magizine.
In an editorial published online, Smith notes the "current
economic straits" and how the magizine will need to prove viable quickly.
"Village was never profitable. It is the intention of all concerned that
that will change. This will be a formidable challenge in the current
economic straits," writes Smith. "...Village Magazine will be published twice before the end of January. If it proves viable it will continue monthly from March".
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