Canadian Publishing Industry News
26 September 2022,     VANCOUVER
Canada's Largest Chinese Newspaper Kills Print Edition
Rapid raise in cost of newsprint and declining revenue hurting publications
Rapid raise in cost of newsprint and declining revenue hurting publications
Rapid raise in cost of newsprint and declining revenue hurting publications
Canada’s largest Chinese-language newspaper, Sing Tao Daily, announced it will be stopping printing its daily newspaper after more than 40 years of operation.  Ceasing printing of the daily newspaper at the end of August, a total of 83 staff will be affected across the country. Newsprint prices have  ballooned by more than 50% in the first half of the year, with the media group cutting print runs and pagination to try to mitigate the cost increase. 
Price increases of 50% or more is killing printing.
Price increases of 50% or more is killing printing.
A lot of publication printers have been put on location with not enough newsprint being available. Sing Tao Daily is owned by Hong Kong-based Sing Tao News Corporation and Torstar Corporation, parent company of the Toronto Star. Sing Tao will continue to publish its magazines eliteGen and Canadian City Post in Vancouver, with an addition of Sing Tao Headline — a traditional Chinese lifestyle magazine published every Saturday.
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Wow, Torstar really seems to be on a mission to bankrupt one magazine after another....
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