Grazia Neri Agency, one of the most prestigious Italian photo agencies, has been forced to enter into liquidation because of the 'extreme editorial and advertising crisis,' BJP has learnt
'After 42 years of excellence and integrity in the world of italian and international photography and photojournalism, Grazia Neri Agency is now compelled to enter into liquidation,' writes executive director Michele Neri in a letter seen by BJP. 'The extreme editorial and advertising crisis that has started in the second half of 2008 and has exploded in 2009 has brought the agency to a severe financial crisis, with a decrease in sales of nearly 40%.'
Read more at the British Journal of Photography
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