Asia & Europe, 28th September: The Wall Street Journal has announced plans to end print editions in both Europe and Asia due to increasing costs and decreasing advertising revenues. The European edition was launched in 1983, while the Asia edition was launched in 1976. Both editions will end later this month.
As a result of the decline in advertising revenues, The Wall Street Journal has introduced “WSJ 2020” which is a three-year plan to encourage news consumers to access The Journal via their mobile phones. According to The Wall Street Journal, ad revenue fell 12% in the most recent quarter, but the publication has 1.3 million digital-only subscribers.