| 29 May 2024, Wednesday |

Lebanon’s The Daily Star shuts down after years of financial problems

The Daily Star, Lebanon’s oldest English-language newspaper, has officially closed its doors after years of financial difficulties.

Kamel Mrowa founded the newspaper in 1952.

The paper’s editor-in-chief, Nadim Ladki, held a conference call with employees and staff before notifying them of the decision, which took effect on Oct. 31.

The paper was purchased by new investors led by former Prime Minister Saad Hariri in 2010.

There had been financial difficulties since then, but the newspaper had continued to attract top reporters and served as a training ground for local and international journalists.

The Daily Star’s print edition was halted last year due to ongoing financial issues, forcing a large portion of the staff to seek alternative employment.

Last month, the online edition was temporarily suspended due to “circumstances beyond our control,” according to the paper.

The Daily Star is the latest media outlet to close down as Lebanon’s situation worsens. After 42 years, the As-Safir newspaper closed its doors in 2016. An-Nahar, one of the Arab world’s leading newspapers, has also had to lay off employees over the years and is still struggling financially.

According to several news anchors, TV stations in the country are also having difficulty paying their employees.

  • alarabiya