The Managing Board of N.V. Holdingmaatschappij De Telegraaf announces that News.nl, the free afternoon newspaper for travellers using public transport will be taken off the market with immediate effect. The reasons for this decision are:
- the present economic climate for daily newspapers, in particular the development of advertising, indicates that the initial loss of News.nl budgeted for the whole of 2001 will be exceeded;
- the development of the group results for the first periods of 2001 does not permit any major uncertainties.
The decision is wholly unrelated to Sp!ts, the morning newspaper for travellers using public transport, which has been successful. Part of the budget released as a result of the discontinuation of News.nl will be used to reinforce the Sp!ts publication.