By Susan Farrow.
Seven months on from the closure of Psychic News, the world’s best known and longest-running Spiritualist newspaper, a legal ruling has determined that the Spiritualists’ National Union (SNU), which had claimed ownership of the newspaper and its assets, does not own them.
This news was made public today in a statement on the website of the Spiritual Truth Foundation (STF), of which I am one of seven trustees. As the former owner of Psychic News, the STF disputed the Spiritualists’ National Union’s claim of ownership and sought legal advice which it subsequently presented to SNU representatives and Joint Liquidators Marsh Hammond and Partners in January this year.
The statement – issued with the approval of the Joint Liquidators – reads:
“As a result of discussions between the parties involved and following legal advice, it has been determined that the disputed assets referred to in the November 17, 2010, joint statement belong to Psychic Press (1995) Ltd, now in liquidation.”
The outcome of the liquidation process is not yet known and no further comment will appear here until the future of Psychic News and its unique archives has been decided.