The Mekong Review has survived a “near-death” experience after being thrown a lifeline after facing closure in the form of new owners.
An announcement revealing the news that the much-loved publication has been saved from folding due to dried-up funds by new owners said the next edition will be published as normal.
In August, the Asian literary magazine put out a call for anyone interested in acquiring the magazine to keep its legacy alive after seven years of continuous publications.
Contributors of the Mekong Review said the magazine provided a space for new writers, as well as more experienced writers to stretch their wings.
The periodical was a rare treasure and took on the arts, literature, and history as politics as business, contributors said.
In a tweet on Thursday, the Mekong Review said it is excited to share the news that the publication has new owners.
“Rest assured, the magazine is in safe and worthy hands,” founding editor Minh Bui Jones said in a statement to subscribers.
The Review confirmed the November edition will be published as normal.
Minh added in the statement that the news about the closing had promoted cries of anguish from readers and he even received offers of voluntary labor from fellow editors and journalists wanting to keep the magazine alive.
“Amid the sadness, however, there were expressions of interest from several parties who wished to buy the magazine and save it from the grave,” Minh said.
The entrepreneurs' offering of buyers ranged from a young Australian to a consortium from Singapore and America and offers from as far afield as Africa.
Minh had received seven offers of buying for the Review and that the magazine had survived another near-death after the business was sold to a couple of Hong Kongers living in Australia.
Contacted via email, Minh said he is unable to comment about the purchase of the publication because he has signed a confidential agreement with the new owners that prevents him from speaking.
The magazine was founded in 2015 in Kampot province and is published quarterly.