News2019.04.25 17:02

110-year-old Lithuanian daily to shut down 2019.04.25 17:02

Lietuvos Žinios, a print daily first published in 1909, is to cease publication as of May, the newspaper's owner Achemos Grupė has announced.

The daily's eponymous publisher, which also owns a regional newspaper and two online news sites, will be liquidated.

“Lietuvos Žinios has been making losses for a long time and so we decided not to subsidise it anymore,” Achemos Grupė CEO Mindaugas Deksnys said in a statement on Thursday.

Achemos Grupė, one of the country's biggest business groups mainly engaged in production of agricultural fertilisers, acquired Lietuvos Žinios in 1993.

Lietuvos Žinios is considered Lithuania's oldest newspaper, even though its publication was interrupted by World War One and the Soviet occupation of Lithuania in 1940. The daily was revived in 1990 by the Social Democratic Party of Lithuania.

The daily has a print run of 5,200 copies, Achemos Grupė said, while its online affiliate ranks 16th among Lithuanian news sites.

Last year, the publisher of Lietuvos Žinios operated at a loss of €963,300, the company said.

LRT has been certified according to the Journalism Trust Initiative Programme

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