HK gossip mag Sudden Weekly to cease publication after 20 years

Hong Kong gossip magazine Sudden Weekly has confirmed that, after 20 years in the business, their last issue will be published on August 7.
 
Approximately 70 employees will be affected by Sudden Weekly’s sudden closure.
 
The magazine’s owner Next Media – which was founded by outspoken tycoon Jimmy Lai and heads up Apple Daily – has announce that it will also combine three other magazines (Eat, Travel Weekly and ME!) to save costs.
 
The news come just a week after cutbacks at flagship publication Next Magazine were announced, reports SCMP.
 
Sudden Weekly’s circulation dropped by 31 percent last year, while weekly sales fell 19 percent during the second half of 2014, according to Marketing Interactive.
 
In what seems to be a troubling trend for local print media, Hong Kong Daily News ceased publication after 56 years two weeks ago, while Hong Kong’s oldest Chinese-language paper Sing Pao Daily News is still to resume printing after it was forced to take a temporary break last week due to financial turmoil. 
 

 

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