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Wednesday , June 29 2022

Daily Star folds in Beirut crisis

This post has been read 6593 times!

BEIRUT, Nov 2, (AP): Lebanon’s Daily Star, one of the leading English-language newspapers in the Arab world and Lebanon’s oldest, has folded following a years-long financial struggle. An email reviewed Tuesday by The Associated Press informed employees of the decision to lay off all staff as of October 31.

The Daily Star is the latest among several Lebanese newspapers that stopped printing in recent years in a struggle to compete with digital media. Lebanon’s severe financial crisis, its worst in 150 years, toughened the challenge. Many organizations have let go of employees and cut salaries, while others have closed down completely.

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