Chinese newspaper Sing Tao Daily to close after 38 years
Australia’s largest circulating and longest-running Chinese language paper, Sing Tao Daily, will close after going into liquidation last week.
Offices in Sydney and Melbourne have been closed and Mumbrella understands 20 staff have been let go.
20 staff have been let go from the offices of Sing Tao Daily in Sydney and Melbourne
The publication was one of 16 overseas editions of Hong Kong’s second-largest Chinese-language newspapers and had a circulation of more than 15,000 on weekdays and 25,000 on weekends.
An ASIC notice from last week noted the liquidation of Sing Tao Newspapers Pty Ltd as a result of a general meeting held by members of the business. Richard Stone and David Kerr have been appointed as joint liquidators for the business.
The Australian is reporting that of the staff let go, many were left with unpaid benefits.
In September 2019, Australian New Express Daily also pulled its print title, with the market currently sitting around 30 Chinese-language publications, down from 90 in previous years.
It’s thought that digital media and the rise of English-language media within Chinese-Australian consumers is behind the decline and could continue to affect the landscape.
