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Cambodian newspaper and media outlet The Phnom Penh Put up has introduced that it’ll ‘stop the publication of the newspaper‘ on the finish of the month, ending a publishing historical past of over 30 years – nevertheless, it’s unclear as as to whether the newspaper will nonetheless function digitally.
The information was introduced at this time in a submit through the PPP’s Fb web page, which said: “THE PHNOM PENH POST want to inform our clients, readers and enterprise companions that because the Covid-19 pandemic and the following financial downturn, the corporate’s promoting revenues have considerably decreased.
The speedy development of applied sciences and the widespread circulation of reports via social media have additionally precipitated extreme monetary difficulties for the corporate.
Our shareholders have been attempting to inject extra funds and generate revenue by all means to revive the monetary situation of the corporate and proceed publishing this impartial, skilled newspaper, which has been working for greater than 30 years. Regardless of these efforts, the corporate nonetheless can’t proceed to bear such losses. Subsequently, our shareholders have determined, with deep remorse, to stop the publication of the newspaper, each the English and Khmer editions, by March 29, 2024.
We want to categorical our honest gratitude to all our clients, readers and enterprise companions to your assist of The Phnom Penh Put up to this point.”
Based in 1992 by writer Michael Hayes and Kathleen O’Keefe, The Put up was Cambodia’s oldest English-language newspaper, however had confronted vital challenges just lately in Cambodia’s fast-paced digital information community – and struggled to regulate its enterprise mannequin from print to digital.
Interviewed by VOA, former Put up editor Alan Parkhouse said “It’s a tragic day and an amazing disgrace to see the print version shut. I feel it’s been on the playing cards for some time because it hasn’t made any cash for a very long time. Even after I was in cost it was dropping cash, maybe $20,000 a month or much more,”.
The Phnom Penh Put up will stop print publication in each English and Khmer language editions by the tip of March 2024.
It’s unclear as as to whether The Put up will proceed in a digital format.
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