Citing profitability, Mid-Day bids ‘ta ta’ to Delhi & Bengaluru editions; to concentrate on Mumbai

05 Dec,2011

By Rishi Vora

 

Mid-Day, Mumbai’s leading English daily, has announced the shutting of its Delhi and Bengaluru editions. The reason: profitability. Mr Manajit Ghoshal, MD and CEO of the company, confirmed this to MxMIndia. “Both Delhi and Bengaluru editions will shut down with immediate effect. Tomorrow is the last time the papers will be circulated in the respective markets,” he said.

 

Elaborating on the reason behind the decision, Mr Ghoshal  said, “We have decided to shut down both editions in the strategy to be more profitable. Advertising revenues in the two markets was on the decline, and so we decided to focus on our Mumbai edition.”

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