International online news (journal dinh): on 11 november, hong kong's 56-year-old newspaper, the new news, was suspended and the current newspaper, published on that day, became a dead letter. According to the new news, the suspension was due to the emergence of free newspapers in recent years, which had a serious impact on traditional newspapers, coupled with changes in reader habits, which had led to newspaper reform but continued to run out for years. This suspension will affect more than 130 new newspaper employees。
The newspaper was launched in 1959 and acquired by the british crown in the 1990s, and in 2009 the macao gambler king, ho hongxi, became a shareholder。
The suspension of the newspaper reflects the difficult situation of hong kong's paper media in a market-based environment. The fact that most newspapers in hong kong are fully marketed has also led to situations such as heavy market influence, vicious competition and price wars. The eastern press group had launched a major price war, creating a different sun newspaper with the same content and a “one dollar newspaper” in addition to the orient daily. At that time, the newspaper had to lower its own price to one dollar。
In recent years, new media and free newspapers have hit hong kong's press. Most of the print media in hong kong have created their own new media applications, and the oriental press has even scanned two newspapers under its banner for new media applications, while an increasing number of hong kong readers are used to reading online instead of paper newspapers. Free newspapers are distributed from monday to saturday morning, and although more than half of the content is advertised, the hong kongers have a limited number of local news stories of greatest interest, and the free newspapers have been able to meet the vast majority of the reading needs, thus having a great impact on billed newspapers。
In recent years, there have been 17 chinese newspapers that have been suspended in hong kong. The new evening newspaper, among others, was suspended in 1997, marking the disappearance of the hong kong news evening. There are currently no evening newspapers providing news services in hong kong。
