Launched on April 2, 2012, English-language newspaper Business Daily is shutting down its operations after five years on the stands, as reported yesterday by TDM.
The closure of the newspaper was confirmed to the local broadcaster by Paulo A. Azevedo, head of the daily’s publishing company De Ficção – Projectos Multimédia.
In the interview with TDM, Azevedo said that the print edition was a financial burden because of market conditions and of “ferocious competition.”
Macau Business Daily, a specialized financial newspaper in half-broadsheet format, will stop being published by the end of this month.
Through its five years, Business Daily had several different editors at the helm. Tiago Azevedo (not related) was its first editor-in-chief, resigning in March 2014.
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