Bulgarian daily Klassa to go online-only

Posted by Savita Sauvin on September 7, 2010 at 2:15 PM

Bulgarian daily newspaper Klassa will be shutting down its print edition from October 1 due to economic difficulties, Novinite.com reported today.

As a part of company restructuring operations implemented by many newspapers recently to reduce costs, the Bulgarian daily will continue to publish online, while terminating its print edition.

Image: Novinite.com

The daily is being published by Klassa Bulgaria EAD and managed by Milen Gerasimov, with Andrey Rusinov and Lazar Peshev as managing partners. Since its launch in September 2007, the newspaper has been offering content on financial and economic issues and those published on Financial Times as well.

According to an announcement by the newspaper today, all employees of Klassa will receive a month's notice before termination of their contracts. Neda Popova, editor-in-chief at the newspaper, also expressed hope that most of their terminated journalists will be rehired for its online edition, according to Novinite.com.