Chilean newspaper La Nación will stop publishing its print edition and will be only available online, 233grados.com reported yesterday. Although the date for the last edition was not revealed, local media said the change would take place in November.

"The daily sells 10,000 copies, out of which we give away a good part, and the site LaNacion.cl has a million visits a month and is funded through advertising," said Daniel Platovsky, president of Empresa Periodistica La Nación, La Tercera quoted. The board members of La Nación are expected to meet in the next few weeks to determine when the print version will stop and whether the site will have a paywall.

"Obviously we will adjust the company to the new project and this could bring a staff reduction," Platovsky said, pointing out that some print employees could be moved to the online newsroom. However, Bio Bio radio station estimated that at least 70 workers would be laid off.

The newspaper was founded in 1917 and, according to its website, 69.26 percent of its shares are owned by the Chilean government.