Logo of Phnom Penh Post newspaper Phnom Penh Post - Mekong Times to stop press

Mekong Times to stop press

Mekong Times to stop press

Newspaper beset by financial problems

THE Mekong Times will stop publishing, the newspaper announced Monday, six months after the English-language daily fired up its presses.

Editor-in-chief Neth Pheaktra said the paper was suffering financial problems and that the decision to close had nothing to do with the quality of the publication or competition from other media organisations.

"The Mekong Times was a private company and the budget for running the paper was limited," he said. "We will reopen the office in the future if we have more funds."

Sebastien Drans, director of The Mekong Times, explained that one of the financial partners in the project decided to pull out from running the paper.

"It's a purely financial issue," Drans said. "We are doing everything possible to find other partners and eventually hope to reopen the paper."

A great loss

The Mekong Times, which employed more than 40 staff and ran on a budget of about US$30,000 a month, opened on February 8 and had published 135 editions. The 12-page newspaper, with a four-page Khmer-language insert, covered local, regional and international news, and had in the past received praise from Prime Minister Hun Sen for its integrity and impartial reporting.

Minister of Information Khieu Kanharith said that the discontinuation of The Mekong Times was unfortunate because it meant a loss of balance in the information presented by foreign media.

MOST VIEWED

  • Phnom Penh authorities ban march for Human Rights Day

    Phnom Penh authorities have banned a planned march as local NGOs and workers’ unions gear up to celebrate the 70th anniversary of the signing of the Universal Declaration of Human Rights on Monday, with a youth group leader saying they would march nonetheless. The UN

  • Government deports 235 Chinese scammers

    THE Immigration Department of the Ministry of Interior on Thursday deported 235 Chinese nationals, 35 of whom were female, via the Phnom Penh International Airport for their part in a Voice over Internet Protocol (VoIP) online money extortion scam. The deportees were arrested on November 26 over the

  • Phnom Penh’s Jet’s Container Night Market shuts down

    The famous Jet’s Container Night Market in central Phnom Penh has shut down due to the high cost of the land rental, company representatives claim. Jet’s Container Night Market is the largest such market in Phnom Penh. It operated for just over two

  • International buyers snap up new locally produced watch

    A Cambodian entrepreneur has launched a stylish high-end watch, hoping to promote the Khmer creative talent and increase demand for the Kingdom’s products abroad. Designer Seth Pitu launched his brand PU a mere 60 days ago, and hopes to combine traditional Khmer art with sleek