Friday, August 7, 2009

Report: The Observer considers closure

The owners of the British Sunday newspaper The Observer are considering closing it and replacing it with a magazine, company sources say.

The Observer, the world's oldest Sunday newspaper, would be turned into a news magazine under one scenario being discussed, while another option would be to keep publishing the newspaper but in a drastically slimmed-down fashion after instituting a round of layoffs, The Sunday Times of London reported unnamed sources at the newspaper as saying.

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