Thursday, January 22, 2009

Daily Star Lebanon is broke... painful!

The Arab world's most storied English-language newspaper has suspended publication because of financial woes. Lebanon's the Daily Star, which is distributed throughout the Middle East inside the International Herald Tribune, has been in trouble for quite some time. Still, nobody expected the fall of Lebanon's only English-language daily so abruptly.

One morning last week, without notice, the Daily Star was simply no longer available on newspaper stands. And it has not been published since that date, Jan. 14. The website has not been updated either.

The decision to shut the newspaper was made by a court order after months of financial hurdles with a Lebanese bank over a debt amounting to hundreds of thousands of dollars, the newspaper's publisher and editor in chief, Jamil Mroue, told The Times today. More HERE

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