Britain's Jewish Chronicle to seek liquidation
Britain's Jewish Chronicle, which describes itself as the world's oldest Jewish newspaper, is to seek liquidation, one of the most high profile media casualties of the coronavirus pandemic that has led to a collapse in advertising spend.
Founded
in 1841, the title - often known as the JC - said the liquidation was
expected to be finalized in the coming two to three weeks and it would
make every effort to continue to publish over that time.
"Devastating news for us," said Stephen Pollard, editor of the Jewish Chronicle.
"I
won't be saying anything beyond confirming that the paper will be out
as usual next week, and we have every intention of avoiding any
interruption," Pollard said.
The
outbreak of the novel coronavirus has hammered marketing budgets,
forcing media groups around the world to reduce staffing numbers, cut
costs and halt publication of some titles.
"Despite
the heroic efforts of the editorial and production team at the
newspaper, it has become clear that the Jewish Chronicle will not be
able to survive the impact of the current coronavirus epidemic in its
current form," the JC said in a statement.
The Kessler Foundation, owners of the newspaper, said it was working to secure a future for the title after the liquidation.
The Guardian newspaper reported that staff had been told the parent company had run out of money during the lockdown.
The London-based Jewish Chronicle
says it strives to reflect a wide diversity of Jewish religious, social
and political thought across the spectrum, both Orthodox and secular.
In
one of the newspaper's most notable interviews, the JC in 1981 spoke to
then-Prime Minister Margaret Thatcher who described Israel's attack on
an Iraqi nuclear plant as a step towards international anarchy. The Guardian newspaper reported that staff had been told the parent company had run out of money during the lockdown.
The London-based Jewish Chronicle
says it strives to reflect a wide diversity of Jewish religious, social
and political thought across the spectrum, both Orthodox and secular.
In
one of the newspaper's most notable interviews, the JC in 1981 spoke to
then-Prime Minister Margaret Thatcher who described Israel's attack on
an Iraqi nuclear plant as a step towards international anarchy.Follow us on twitter (ajuede.com) or on Instagram (ajuedeman) for details of the global situation presently.
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