GEORGETOWN, Guyana – In a significant blow to Caribbean media diversity, Stabroek News, one of Guyana’s longstanding daily publications established in the 1960s, has announced its permanent closure. The shutdown marks the second major media outlet in the region to cease operations recently, following Trinidad and Tobago’s NEWSDAY.
The newspaper’s principal shareholders, Isabelle and Brendan de Caires, described the decision as “extraordinarily difficult and painful” in a comprehensive public statement. They revealed that the state-operated Department of Public Information (DPI) has accumulated an outstanding debt exceeding GUY$80,000,000 (approximately US$320,000) for unpaid advertisements over the past year.
Despite numerous private appeals and public calls for settlement, the government entity has persistently failed to clear its substantial debt. The shareholders characterized this pattern of non-payment as a deliberate strategy to deprive the publication of essential operating capital, effectively crippling its financial viability.
The statement further contextualized the challenges of operating a media enterprise in the Caribbean region, noting that “publishing has always been a precarious undertaking in Guyana and the Caribbean due to the modest size of the potential readership, and to other market constraints.” While emphasizing that profit was never the primary motivation, they stressed that any business must maintain financial sustainability to continue operations.
Additional obstacles cited include repeated denials of radio broadcasting licenses and significant competitive disadvantages compared to other local media entities. Although Stabroek News maintained a television subsidiary for several decades, the shareholders noted that competitors enjoyed “significant privileges” that created an unlevel playing field. This environment ultimately made the anticipated transition from print newspaper to multimedia broadcaster impossible, contributing to the publication’s eventual demise.