The Wall Street Journal will stop distributing its print edition in Hong Kong on Oct. 7, reports Amy Nip of The Standard.
Nip reports, “The paper, part of Rupert Murdoch’s News Corp media empire, is scaling back print operations in Europe and Asia to cut costs and focus on digital media. In an e-mail to subscribers, the New York-based Journal said it will distribute the last printed issue on October 6. Subscribers can shift to the online version.
“The newspaper costs HK$23 an issue in Hong Kong, while a digital subscription costs US$12 (HK$93.60) for 12 weeks. The US edition of the Journal is published Monday to Saturday. Asian and European editions are published Monday to Friday.
“The newspaper is under Dow Jones & Co, which is a part of News Corp. Dow Jones did not respond to The Standard as of press time.
“News Corp reported a loss of US$643 million for the fiscal year ending June 30 compared to a US$235 million profit the previous year.”
Read more here.
