18 Jun 2013

'Truth' newspaper to close

5:24 am on 18 June 2013

The Truth newspaper is to close after losing some key advertisers.

Co-owner Dermot Malley said the loss of major adult advertisers stretched the company financially, and a decision was made to cease trading.

Mr Malley said the newspaper was planning to re-launch itself so it would be free of adult advertising, but the sudden loss of these advertisers meant they had to pull the plug on its current version.

He said a decision about the newspaper's future will be reached over the next couple of days and employees will be paid until then.