The Daily Star, a Lebanese newspaper, is closed
The Lebanese English-language newspaper, Daily Star, notified its employees that they would be laid off, joining the list of Lebanese media outlets that had to close their doors or reduce their activities due to financial pressures.
The newspaper's management said in its letter to employees that the decision to dismiss them was a sad one.
She added that final arrangements are being made for compensation and that she wishes them good luck in the difficult times that Lebanon is witnessing.
Lebanon is suffering from an economic crisis described by the World Bank as one of the most difficult crises in the modern era.
The Daily Star was founded in 1952 by journalist Kamel Mroueh and is currently owned by the family of former Prime Minister Saad Hariri, according to the Reporters Without Borders Media Ownership Monitor Service.
Hariri-owned media outlets began laying off staff and closing down about five years ago, reflecting the financial difficulties caused by the demise of the Hariri family-owned Saudi Oger Group.
On October 13, The Daily Star stopped updating its website and has stopped publishing several times in the past, including during the Civil War (1975-1990).
In 2016, financial problems forced Al-Safir newspaper to close.
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