Print industry in crisis? Another title folds

Hong Kong - Hong Kong Business has become the latest casualty of the global economic crisis, with Edipresse Asia closing the publication and laying off 11 staff across editorial, sales and circulation.

The March issue of Hong Kong Business marks the last issue of the title, which has been in the market for 26 years.

The monthly magazine features in-depth reports, commentaries and management advice from global and China leaders including lifestyle news and a cover story of major importance to the local economy.

Roddy Yu, managing director for Edipresse Asia, was unavailable for comment at press time.

Sources say Edipresse's stable of luxury titles would not be effected.

The news comes just a week after fellow business title CFO Asia, published by The Economist Group, announced that its March issue would be its last.