Montreal, 20 November 2006 — The contemporary art magazine PARACHUTE, founded in 1974, has taken the difficult decision to suspend its activities. Despite the success of its new format, introduced in 2000, and its international recognition, funding levels no longer make it possible to ensure a reasonable level of quality and stability.

Despite its determination and efforts to maintain the journal’s presence on the contemporary art scene and to continue operations, PARACHUTE’s board of directors was obliged to take this last-resort decision after examining all the economic and social factors which would have enabled the journal to extract itself from the impasse facing it. The journal had recently succeeded in increasing its sales by more than 200% while at the same time cutting expenses and trimming budgets.

Despite PARACHUTE’s exceptional longevity in a highly competitive milieu — a longevity owing to the enthusiasm of its contributors and readers and to the unflagging determination of its director — its suspension of activities at this time highlights the precariousness of cultural organizations in Quebec and the rest of Canada.

Published and edited from the start by the art critic and curator Chantal Pontbriand, PARACHUTE has a track record of more than thirty years in the field of contemporary art. One hundred and twenty-five issues at a rate of four per year have been produced and twenty-four books published. Numerous exhibitions were mounted, including curating the Canadian pavilion at the 44th Venice Biennale in 1990 and multidisciplinary international festivals.

PARACHUTE has been chosen by the Documenta 12 Magazine Project as one of the eighty journals around the world which works to link artistic practices, theoretical discourse and the public. These journals are collaborating on the creation of a web site on the theoretical and artistic issues being raised by the next edition of Documenta in Kassel in the summer of 2007.

Read more on Documenta 12 HERE