Wall Street Journal Close Print Edition in Europe and Asia

INDUSTRY.co.id - Jakarta - The Newspaper The Wall Street Journal is closed because it is not strong to survive with the competition of the digital world. The international newspaper has been declared a decision about laying off print editions for Europe and Asia, as its advertising revenue is declining.

Reporting from theguardian, the last edition of this newspaper published on this day, Friday (29/09/2017). That's for the European print edition. As for editions in the Asian region released one week later.

This media company will conduct business style reforms since the previous year. Wall Street Journal further adjusts to the tastes of readers by facilitating access via mobile phone news. They are also forced to lay off some of their employees.

The parent company, News Corp, reported a loss of $ 643 million for the last fiscal year. This figure is more severe than the previous year, where the Wall Street Journal can make a profit of US $ 235 million.

The print edition of the Wall Street Journal in Asia first appeared in 1976. While the European print edition slid in 1983. The newspaper belonged to media magnate Rupert Murdoch this became one of the reference information for market participants.