Texas weekly newspaper, the Northwest Tarrant County Times-Record, which served Saginaw and Lake Worth areas, printed its last issue on Wednesday, as the ad market and local competition left the paper starved for revenue, the Star-Telegram reported Wednesday.

Art Jones, who has published the paper with his wife Joan since 2001, listed the arrival new local newspaper The Eagle and two coupon mailing firms as the the catalyst for the Times-Record's closure.

Jones, who built the paper from an initial circulation of 600 copies per week to 2,500, said revenue first dropped in August last year and in February the newspaper had begun accumulating debt.

"We really didn't try to sell it," he said. "I talked to a couple of (newspaper) brokers. But I just didn't want to go through that exercise."