The title, launched in February, is thought to have sold less than 30,000 copies a month after being set a target of 50,000 a month.
In contrast, Polestar Chantry has picked up the contract to print Bullit, a monthly music title for the 25-40 year old music buyer.
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"Gosh! That’s a huge debt - especially HMRC! It’s a shock that HMRC allowed such an amount to be accumulated."
"Whatever happened to the good old fashioned cash job! At least the banks didn't take 2-3% of each sale. After 30 odd transactions that £100 quid you had has gone."
"It's amazing what can be found on the "web" nowadays!"
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