After more than three decades of continuous publication, Trinidad and Tobago’s Newsday newspaper has officially ceased operations, marking the end of an era for the Caribbean nation’s media landscape. The publication’s parent company, Daily News Ltd, has filed a winding-up petition with the High Court under the Companies Act, with a hearing scheduled for January 19, 2026.
Managing Director Grant Taylor characterized the closure as the result of a ‘perfect storm of challenges’ that have battered the print media industry globally. In a statement published on the newspaper’s final day, Taylor detailed the multifaceted pressures that ultimately forced the publication’s shutdown, emphasizing that Newsday’s status as an independent entity without conglomerate backing left it particularly vulnerable to market forces.
The newspaper’s demise stems from a decade-long convergence of damaging factors, including soaring production costs—with paper prices experiencing dramatic increases—coupled with sharply declining advertising revenue. Taylor revealed that print advertising has plummeted by 75% over the past ten years, creating an unsustainable financial model. Even a modest price increase from $2 to $3 resulted in 40% of readers abandoning the publication, despite the newspaper employing hundreds of staff working around the clock.
While the COVID-19 pandemic accelerated the decline through advertising collapses during lockdowns, Taylor emphasized that the challenges were systemic rather than pandemic-specific. The managing director also noted changing reader habits, diminished value placed on traditional media, and what he described as ‘political campaigns to discredit media for nefarious reasons’ as contributing factors.
The announcement reportedly caught staff by surprise, with senior editors learning of the decision only hours before the public announcement. A full staff meeting chaired by Taylor is scheduled for Monday to address the closure’s implications.
Founded on September 20, 1993, Newsday was the youngest of Trinidad and Tobago’s three daily newspapers. Taylor expressed pride in the publication’s legacy of ‘unwavering independence’ in serving the public and gratitude to dedicated staff and loyal readers who supported the newspaper throughout its 32-year history.