Hong Kong Daily News shuts down after 56 years

Hong Kong Daily News, a Chinese language newspaper, ceased publication as of Saturday.

Statement on the Hong Kong Daily News website

After 50 years, the paper said that it had been losing money due to a change in reader habits and competition from free papers.

The Chai Wan-based newspaper was founded in 1959 and had a pro-Beijing stance. In 2013, it had a circulation of 70,000.