Lebanon newspaper al-Anwar on Friday said its publisher was suspending its print version, as it became the latest victim of the country’s media crisis.
“Dar al-Sayyad has decided to stop publishing al-Anwar from next Monday,” the political daily said on its front page. The newspaper, which was first published in 1959, said the demise of its print version was due to “financial losses”.
The publisher’s eight other publications- including popular cultural weekly al-Shabaka - would also cease to be printed, it said. It was not immediately clear if there were any plans for the publications to continue to have a presence online.
Founded in 1943 by Lebanese writer Saeed Freiha, Dar al-Sayyad has offices in London, Dubai, Riyadh, Cairo and Damascus, as well as Beirut.
The press in Lebanon has been in crisis for several years, both as it struggles to adapt to the digital era and faces economic difficulties. In June, prestigious pan-Arab newspaper al-Hayat closed its Lebanon offices, where it was first founded in 1946 before later becoming Saudi-owned.
Its printing presses in Beirut stopped the same month, leaving its international version only available online. In late 2016, Lebanese newspaper as-Safir shuttered 42 years after it published its first edition, with the founder saying it had run out of funds.
Other newspapers have carried out mass layoffs or suspended salary payments.