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Durban - Weekender, the three-and-a-half year old Saturday extension of Business Day, has closed. Business Day editor Peter Bruce confirmed the last edition of Weekender will appear tomorrow.
"It's finished. Ultimately it was advertising but the paper was in an economic hole, part of the downturn we're going through," said Bruce.
He did not think that closing the publication would involve retrenching staff. "Only a small number of staff was attached to Weekender. We'll try and keep most of them."
Asked if lifestyle magazine Wanted, also carried in Business Day, awaited a similar fate, Bruce said not at all. "Wanted is doing very well, it's pumping out money."
News of Weekender's demise came when an internal memo to Business Day staff was leaked to Fin24.com.
Print publications have suffered worldwide with a number of titles falling under pain of closure including the Chicago Tribune, the Boston Globe and the San Francisco Chronicle.
In the UK, The Observer is on its knees while the Evening Standard is being distributed free at tube stations in central London in an effort to lift volumes and attract advertising income.
South Africa has seen Nova, produced by Naspers, and the monthly high-end glossy Maverick close. However, the latter recently burst back on laptop and computer screens as The Daily Maverick in a free online version.
Weekender was launched in March 2006 as part of BDFM, the joint venture company between Avusa and Pearsons in the UK.
- Fin24.com