KK Press, the boutique publisher behind the 2024 relaunch of Cosmopolitan Australia, has entered voluntary liquidation, bringing an end to both the revived women’s magazine and T Australia: The New York Times Style Magazine.
The company, founded by former Australian Financial Review Life & Leisure and Luxury editor Katarina Kroslakova, began the winding-up process on 30 January, less than a month after Cosmopolitan Australia quietly stopped publishing.
In a lengthy LinkedIn post announcing the closure, Kroslakova said: “Today, KK Press enters voluntary liquidation, and with it, our publishing of T Australia comes to an end. I’m devastated beyond words.”
She thanked staff, contributors, advertisers and suppliers for their support, and urged others in the media industry to consider hiring former employees, writing: “This news leaves some extraordinary talent looking for their next chapter. If you’re building teams or commissioning work, please reach out. You would be lucky to work with them.”
KK Press was launched in October 2020 to reinvigorate premium print publishing in Australia. Its first major title was T Australia: The New York Times Style Magazine, followed by the high-profile revival of Cosmopolitan Australia in partnership with Hearst Magazines International, almost six years after Bauer Media Australia closed the title in 2018.
Despite the business’s closure, Kroslakova said both magazines had achieved strong audience growth. “In just seven months, Cosmopolitan Australia became the most widely read Women’s Lifestyle Magazine,” she wrote. “T Australia achieved 25% year-on-year readership growth, a remarkable achievement in a highly competitive market.”
Katarina Kroslakova
‘Cash flow is brutal’
However, she said those audience gains were not enough to overcome the commercial realities of print publishing.
“Despite constant adaptation and effort, the gap between the value of journalism and the returns available continued to widen and, in the end, became too great to overcome,” she said, quoting Camilla Westerlund following the recent closure of Business News Australia, before adding: “To put it more bluntly, cash flow is brutal.”
While readership for Cosmopolitan Australia had grown 25 per cent in the 12 months to September 2025, rising production costs and advertising revenue made the business unsustainable.
Kroslakova said she was proud of what the company had achieved, noting the response from readers and the industry.
“My team not only brought nostalgia back, but we also energised the sector. When we launched, the excitement and support from the media industry and readers was like anything I’ve experienced before,” she wrote.
The closure marks the second time Cosmopolitan Australia has exited the local market in less than a decade.
Bauer Media Australia shut the title in 2018, with then-chief executive Paul Dykzeul saying its commercial viability was “no longer sustainable”.
Kroslakova said her premium custom publishing business, Primary Ideas, will continue to operate. “Its resources may be leaner, but our dedication to service and quality will never diminish,” she said.