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Message: [QUOTE="Queen, post: 86737, member: 27"] 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 [LIST] [*]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. [/LIST] Unpaid state ads and cash strain [LIST] [*]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. [/LIST] Broadcast ambitions blocked [LIST] [*]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. [/LIST] Regional media squeeze [LIST] [*]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. [/LIST] Industry reaction and legacy [LIST] [*]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. [/LIST] [/QUOTE]

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