After more than 80 years in business the Kamloops Daily News will be shutting down the newspaper within the next 60 days.
The announcement came out today in a press release saying the reason for the closure is economic.
According to the statement, The Daily News, which is owned by Glacier Media, has had declining revenue and “has been unable to reduce expenses sufficiently to continue as a viable operation.”
“Personally I am very saddened to make this announcement,” said Daily News publisher Tim Shoults.
“We have struggled for the last several years, worked tirelessly and taken many difficult steps along the way which were designed to ensure our future. Unfortunately the realities of our industry, our local advertising market and our labour situation were too great for us to overcome.”
Shoults goes on to say they know their decision “severely affects our staff and their families” and will be offering the staff counseling on site at the Daily News, if they wish to participate.
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