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Newsday, a Trinidad and Tobago newspaper, seeks to dissolve after 32 years due to financial struggles, affecting 30 staff.
Newsday, a Trinidad and Tobago newspaper founded in 1993, has filed to dissolve its parent company, Daily News Ltd, after 32 years of operation, with a first court hearing set for January 19, 2026.
Managing director Grant Taylor cited a "perfect storm" of financial pressures, including a 75% drop in print advertising revenue, rising production costs, and declining readership, as key factors.
The closure reflects broader global challenges facing print media, with no corporate backing making sustained losses unsustainable.
The decision affects at least 30 staff members and underscores the ongoing crisis in traditional journalism.
Newsday, un periódico de Trinidad y Tobago, busca disolverse después de 32 años debido a dificultades financieras, afectando a 30 empleados.