A mounting cash squeeze just wiped Stabroek News off the map, shrinking Guyana's media space in real time.
Stabroek News shuts down in Guyana
Stabroek News shuts down in Guyana
- Stabroek News, founded in the 1960s, is closing shop.
- Isabelle and Brendan de Caires confirmed the pull-the-plug call.
- Their statement framed it as a gut-wrenching choice.
- Guyana just lost one of its daily papers.
- Over the past year, the Department of Public Information racked up GUY$80 million in unpaid ads.
- That bill equals roughly US$320,000 owed to the paper.
- Repeated requests to settle the tab went nowhere.
- Shareholders said the arrears choked off operating cash.
- Attempts to snag a radio license kept getting rejected.
- Despite running a TV subsidiary for decades, its footing stayed uneven.
- Rivals enjoyed advantages that Stabroek never got.
- Hopes of turning into a multimedia outlet stalled out.
- NEWSDAY in Trinidad and Tobago recently folded as well.
- That makes Stabroek the second Caribbean outlet to shut down.
- Limited readership has long boxed in publishers regionally.
- Shareholders admitted profit was never the driver, but bills still mattered.
- Guyana Press Association reacted with visible grief.
- The group called it the first independent post-independence paper.
- November 1986 marked its debut as a weekly.
- Decades later, it had grown into a daily forum for national debate.
