The editor of Psychic News has to admit that, no, he did not see his magazine’s financial crisis coming: “We didn’t have to consult a clairvoyant to know that times were tough. What we didn’t foresee coming was that the charity that has funded us was going to withdraw its subsidy.”

Tony Ortzen has spent much of his working life at the house journal of British spiritualism, which he joined as a junior reporter when it was a weekly newspaper in 1972.

Now 72, Ortzen is still working six-day weeks with a skeleton staff while trying to save a publication that has been hit by the same issues that have plagued the rest of the news industry: declining print circulations; soaring cost inflation; competition from the internet; and a slow…