New York: The New York city-based India Abroad, the iconic ethnic Indian-American weekly newspaper with a 50-year-long legacy, has announced the shut down of its print edition, a media report said.
Founded by Indian-American publisher Gopal Raju in 1970, the oldest Indian newspaper in North America rose to great heights of popularity as it effectively filled the gap of a publication catering to the Indian diaspora in the US, said the media report on Saturday.
In 2001, Raju sold the publication to Rediff.com. In late 2016, Rediff.com sold its venture to 8kMiles Media Inc.
Finally, on Friday, the current chairman and publisher, Suresh Venkatachari announced the decision to cease the print edition.
"For the thousands of readers for whom India Abroad has been an integral part of their Indian American journey, the close of the publication may be heart-rending, but hardly surprising, given the reversal of fortunes of print publications in the US and across the world," the media quoted Venkatachari as saying in a statement.
"Compounding all of this, was the advent of the ominous coronavirus pandemic and the devastating repercussions in its wake, which led to several advertisers, cancelling their advertisements and hence the looming outlook for future revenue generation appearing even bleaker," he added.
Read more:Indian workers seek US visa extensions amid corona crisis