By Andrew White and Bloomberg
Government's media office says electronic version of paper to be developed.
Dubai Media Incorporated (DMI) plans to close the print edition of Emirates Business 24/7 newspaper in mid-July, a statement from the government’s media office said Wednesday.
An electronic version of the newspaper will be developed “to provide quick information and analysis in various domains,” the statement said.
In October, DMI took control of daily newspapers Emirates Business and its Arabic equivalent Al Emarat Al Youm after a resolution from ruler Sheikh Mohammed bin Rashid Al Maktoum.
As well as the newspapers, DMI also added Masar Printing and Publishing Company and Noor Dubai Radio and TV to its portfolio after transferring from the Arab Media Group (AMG).
Under the resolution, the transfer included all assets, properties, rights, liabilities and commitments, while all staff also moved from AMG to DMI.
well this was one of the best business newspapers I have ever read. I used to make sure I read it every day. But i guess online is much cheaper to maintain then the physical one. All the best for the online edition.
You can look at it two ways, it will now provide a paper free, more environmentally friendly way to get the latest business news, which can be updated regularly rathering than having to wait for the next days reports. However, I doubt this is the reason behind the change, and would suspect its a cost cutting exercise. They don't sell much in the way of advertising, and I would imagine it is heavily subsidised. Have to give them credit though, they have a good reporting team and provide some of the best business analysis, rather than just printing wire stories like some of the business sections I could mention. Good luck EB24-7
A great product unfortunately became victim of crisis. Best of Luck EB24/7
Lady Muck, when you compare EB24-7 to the FT and the financial pages of European newspapers you can see how far media has to go in this part of the world. This product was closed beacause it has hemmoraged cash since it launched - the editorial I always felt was, how can I put this....."always positive" - to be polite