The Egypt Independent, an Egyptian weekly newspaper published in English by Al-Masry Al-Youm news organisation, has been told their publication will shut down. Its news website will also close.
"We have been notified by Al-Masry Al-Youm's management that our newspaper can no longer continue to exist due to financial losses sustained by the organisation last year," reads the statement published by the Egypt Independent team on Facebook on Sunday.
In an effort to challenge the decision issued by Al-Masry Al-Youm's management, which dubbed the hasty closure decision "final," the newspaper's team has put forward several "cost-cutting and revenue-generating measures."
Among these, the team has been promoting their subscriptions service in part by creating a Facebook event to encourage their readers to subscribe to their 52-annual print issues.