Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Industry / Media/  Wall Street Journal to end print editions in Europe and Asia
BackBack

Wall Street Journal to end print editions in Europe and Asia

'The Wall Street Journal' part of Rupert Murdoch's News Corp., is closing down print editions in Europe and Asia as a result of shrinking advertising

File photo. The final print edition in Europe will be Friday, with the Asian edition ending a week later, reports The Wall Street Journal. Photo: AFPPremium
File photo. The final print edition in Europe will be Friday, with the Asian edition ending a week later, reports The Wall Street Journal. Photo: AFP

New York : The Wall Street Journal, part of Rupert Murdoch’s News Corp., is closing down print editions in Europe and Asia as a result of shrinking advertising.

The final print edition in Europe will be Friday, with the Asian edition ending a week later, the newspaper reported Thursday in an article, citing company officials. The article said affected staffers have been reassigned.

Over the past year, the Journal has been implementing “WSJ 2020" —a three-year plan to adapt to consumers who are getting their news increasingly on their mobile phones. Part of the plan involved staff cuts and folding and merging some sections of the print newspaper.

Earlier this year, a union representative told Bloomberg News that the Journal was laying off employees at bureaus in Asia and Europe. At the time, the company said that “we remain committed to covering the region."

Like other newspapers, the Journal is trying to attract more subscribers online to make up for the steady decline in print advertising. In the most recent quarter, the parent’s ad revenue fell 12%. The Journal had about 1.3 million digital-only subscribers at the end of the quarter. The paper has also been raising the price of subscriptions.

The Asian edition was launched in 1976, with Europe starting in 1983, the newspaper said.

Bloomberg LP, the parent of Bloomberg News, competes with News Corp. and the Journal in providing financial news and services. Bloomberg

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 29 Sep 2017, 09:08 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App