Business

Clare People newspaper closes after 14 years

Weekly newspaper The Clare People has stopped publication after 14 years

REGIONAL newspaper The Clare People has stopped publication after 14 years.

The weekly paper, published every Tuesday, folded after the company said it could not continue to sustain financial losses due to declining circulation and advertising revenues.

The closure means the loss of 16 jobs.

"It is with deep sadness and regret that the owners and staff of The Clare People announce that the newspaper has printed its last edition," the company said.

"Since June 2005 we have strived to deliver a quality product to the people of Clare every single Tuesday morning without fail. This we have done in the midst of severe economic and technological headwinds. However today's edition of August 13, 2019 is our last.

"Unfortunately our newspaper cannot continue to sustain the losses we have incurred in delivering a quality product to the people of Clare on a weekly basis in the face of consistently declining circulation and advertising revenues.

"As a consequence of the rapid impact of the internet and free online platforms, the marketplace for quality local newspapers has changed fundamentally."

The company thanked all its staff, readers and "all those who have supported us for the past fourteen years".

The most recent accounts for the paper's firm, Clare College News Ltd, show that at the end of December 2017 the business's accumulated losses had risen to €1.5 million.

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