The Times of India Group on Saturday announced that it will stop the publication of Mumbai Mirror and Pune Mirror due to the coronavirus-induced economic crisis. However, Mumbai Mirror will be relaunched as a weekly, and continue to have a strong digital presence, the group said in a statement.
“Sadly, just as the pandemic, lockdown, and unprecedented economic crisis have laid low many great ideas and initiatives before they could fully take root, they came as a body blow for the still-young brand. Not only has the newspaper industry been among the hardest-hit in terms of revenues, it has been weighed down by an import duty that has added to newsprint costs,” the statement said.
Saying the lack of a stimulus to sustain the publications of the papers has brought about the decision, the statement added that Mumbai Mirror and Pune Mirror will have a “strong digital presence”.
“Following months of discussions and deliberations, we have made this extremely difficult and painful decision to recalibrate our portfolio of publications. We truly value the contribution of our journalists and other staff towards building such a strong brand in a relatively short time, and thank them for their hard work and great effort,” the statement concluded.
Earlier, India Today had decided to shut down the Mail Today tabloid and laid off its employees. In April, the leftist website The Quint sent 45 employees on indefinite leave. In June, The Hindu shut down its Mumbai edition and asked several of its employees to resign effective immediately.