{"id":117000,"date":"2021-06-23T11:25:55","date_gmt":"2021-06-23T11:25:55","guid":{"rendered":"https:\/\/fin2me.com\/?p=117000"},"modified":"2021-06-23T11:25:55","modified_gmt":"2021-06-23T11:25:55","slug":"hong-kong-pro-democracy-tabloid-apple-daily-to-print-final-edition-on-thursday","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/hong-kong-pro-democracy-tabloid-apple-daily-to-print-final-edition-on-thursday\/","title":{"rendered":"Hong Kong pro-democracy tabloid Apple Daily to print final edition on Thursday"},"content":{"rendered":"
HONG KONG (Reuters) -Hong Kong\u2019s pro-democracy tabloid Apple Daily will print its last edition on Thursday, the paper said, after a stormy year in which it was raided by police and its tycoon owner and other staff were arrested under a new national security law.<\/p>\n
The end of the popular tabloid, which mixes pro-democracy discourse with racy celebrity gossip and investigations of those in power, has raised alarm over media freedom and other rights in the Chinese-ruled city.<\/p>\n
\u201cThank you to all readers, subscribers, ad clients and Hong Kongers for 26 years of immense love and support. Here we say goodbye, take care of yourselves,\u201d Apple Daily said in an online article.<\/p>\n
Apple Daily\u2019s support for democratic rights and freedoms has made it a thorn in Beijing\u2019s side since owner Jimmy Lai, a self-made tycoon who was smuggled from mainland China into Hong Kong on a fishing boat at the age of 12, started it in 1995.<\/p>\n
It shook up the region\u2019s Chinese-language media landscape and became a champion of democracy on the margins of Communist China.<\/p>\n
While viewed as tawdry at times by some of its critics, the tabloid has served as a beacon of media freedoms in the Chinese-speaking world, read by dissidents and a more liberal Chinese diaspora – repeatedly challenging Beijing\u2019s authoritarianism.<\/p>\n
Lai, whose assets have been frozen, has been in jail since December on charges of taking part in unauthorised assemblies, stemming from pro-democracy protests.<\/p>\n
Rights groups, media organisations and Western governments, including the European Union and Britain, have criticised the action against the newspaper.<\/p>\n
Hong Kong leader Carrie Lam said on Tuesday criticism of the raid on the newspaper amounted to attempts to \u201cbeautify\u201d acts that endangered national security. Chinese officials have denounced the criticism as interference.<\/p>\n
Related Coverage<\/p>\n<\/p>\n
Hong Kong and mainland officials have repeatedly said that media freedoms are respected but are not absolute.<\/p>\n
One reader said the paper\u2019s closure could herald the end of Hong Kong\u2019s press freedom. \u201cIf such a strong organisation can lose its voice, I think other media organisations will be scared,\u201d said Johny Ku, 55.<\/p>\n
\u2018EMPLOYEE SAFETY\u2019<\/p>\n
About 200 police raided the paper\u2019s newsroom in August last year, when Lai was arrested on suspicion of colluding with foreign forces, and again last week, by 500 police, when five other executives were detained.<\/p>\n
On both occasions, the paper increased its printing run to 500,000 the following day from the usual 80,000 and people queued up at news stands to buy the paper to show their anger at the crackdown.<\/p>\n
Media reported Apple Daily was expected to print one million copies on Thursday. The paper said its online version will also stop updating.<\/p>\n
Last week\u2019s pictures of police sitting at reporters\u2019 desks and footage of them loading vans with journalistic materials have sent chills through the media in the former British colony.<\/p>\n
The raid was seen as the most direct attack on Hong Kong\u2019s freewheeling media since Beijing regained control of the city in 1997.<\/p> The national security law imposed on the city last year was Beijing\u2019s first major move to put Hong Kong on a more authoritarian path.<\/p>\n Supporters of the law say after months of at times violent pro-democracy protests, it has restored stability essential for preserving the financial hub\u2019s economic success.<\/p>\n Apple Daily, which is published by Next Digital and employs about 600 journalists, said the decision to close was \u201cbased on employee safety and manpower considerations\u201d.<\/p>\n Next Digital said the decision was taken \u201cdue to the current circumstances prevailing in Hong Kong\u201d.<\/p>\n Since the raid, the newspaper has suffered mass resignations and entire departments had to close.<\/p>\n \u2018DOG-LIKE ANIMAL\u2019<\/p>\n The Taiwan arm of Apple Daily, which stopped publishing its print version last month, said it would continue to publish online given its independent finances.<\/p>\n Apple Daily has come under increasing pressure since Lai was arrested last year under the security legislation.<\/p>\n Police last week froze assets of companies linked to the newspaper and arrested five executives, effectively choking its operations. On Wednesday, police arrested a columnist on suspicion of conspiring to collude with a foreign country or foreign forces.<\/p>\n Authorities have said dozens of Apple Daily articles may have violated the security law, the first instance of authorities taking aim at media reports under the legislation.<\/p>\n Two Hong Kong pro-Beijing newspapers, Wen Wei Po and Ta Kung Pao, published special pages on Wednesday, portraying Lai as a \u201cdog-like animal\u201d, a \u201ctraitor\u201d and a shoe-shiner doing the bidding of the United States.<\/p>\n Next Digital has been kept afloat by loans from Lai. In May, Reuters reported exclusively that Hong Kong\u2019s security chief had sent letters to branches of HSBC and Citibank threatening up to seven years\u2019 jail for any dealings with the billionaire\u2019s accounts in the city.<\/p>\n A handful of Beijing supporters celebrated the paper\u2019s demise with champagne and a banner reading \u201cFake News\u201d in front of its headquarters.<\/p>\n