January 2, 2009 5:49 PM
- Text
Asian Week Ceases Publication; Fires Staff
(MoneyWatch) Photo by Megan Kung
The growing crisis engulfing the newspaper industry is moving well beyond the major dailies to the ethnic press.
San Francisco-based Asian Week, the country's oldest Asian-American newspaper (in English), announced that it is ceasing regular publication as of today.
Asian Week, with a circulation of around 60,000, is laying off most of its staff, said editor and publisher Ted Fang, due to falling circulation and declining ad revenue. He also said that print editions may continue to appear on special occasions, such as the Chinese New Year.
During the recent Presidential election campaign, Asian Week was an influential representative of the Asian-American press. In one notable incident, Senator Hillary Clinton quietly flew to the Bay Area to personally apologize to Chinese-American reporters who had been banned from an earlier campaign fundraiser.
Clinton's handlers had refused the reporters access, saying that the event was not open to the "foreign press." At a subsequent roundtable with Asian-American journalists, Clinton stated "The Asian Pacific Islander community is important to me personally," (and you) will always have someone to get information from" (in the Clinton campaign).
San Francisco-based Asian Week, the country's oldest Asian-American newspaper (in English), announced that it is ceasing regular publication as of today.
Asian Week, with a circulation of around 60,000, is laying off most of its staff, said editor and publisher Ted Fang, due to falling circulation and declining ad revenue. He also said that print editions may continue to appear on special occasions, such as the Chinese New Year.
During the recent Presidential election campaign, Asian Week was an influential representative of the Asian-American press. In one notable incident, Senator Hillary Clinton quietly flew to the Bay Area to personally apologize to Chinese-American reporters who had been banned from an earlier campaign fundraiser.
Clinton's handlers had refused the reporters access, saying that the event was not open to the "foreign press." At a subsequent roundtable with Asian-American journalists, Clinton stated "The Asian Pacific Islander community is important to me personally," (and you) will always have someone to get information from" (in the Clinton campaign).
Latest Now in MoneyWatch
- LinkedIn swings back to profit
- LinkedIn doubles revenue, beats growth estimates
- Kodak to stop making digital cameras, frames
- Market cap, schmarket cap, Apple still gets no respect
- Philip Morris Int'l income up nearly 8 percent
- Survey: Small biz plans big hires in 2012
- Freddie Mac: Mortgages inch higher but stay low
- Will the European debt crisis sink Obama's re-election?
- Banks in $25B deal to settle foreclosure abuses
- Joe Coffee: Scaling up without selling your soul
- Greek agreement accomplishes nothing
- 401K plans: New rules make costs clearer
- Are women leaders selling themselves short?
- Ask the Experts: New 401(k) rules
- Mortgage lenders strike a deal
- $25B foreclosure-abuse settlement reached
- Wholesale inventories rose 1 percent in December
Latest CBS News Headlines
on Facebook
on CBS News
- APNewsBreak: Perelman denied bid on Pa. newspapers
- US video game sales fall 34 percent in January
- Generics drugs help PharMerica to bigger 4Q profit
- What earnings reports reveal about entertainment
on Facebook
- Adele opens up about vocal cord surgery
- Tenn. father charged with murdering couple who"unfriended" daughter on Facebook
- Mo. teen gets life in prison for murder of 9-year-old girl
on CBS News






