DNA Shuts Print Editions, Cloud Over Employees' Futures

Negotiations with employees are reportedly on.

The Daily News and Analysis, an Indian broadsheet newspaper owned by Zee and started in 2005, has closed the last two of its print editions and gone entirely digital. The decision, announced in the Wednesday edition and communicated to employees formally only on Wednesday, is understood to have taken them by surprise.

While the physical edition of the paper carries a notice on the closing down of the Mumbai and Ahmedabad print editions, journalist Jatin Gandhi pointed out on Twitter that the same notice is missing from the epaper and website. Gandhi has also tweeted a photograph of the notice.

The paper will now operate entirely online. In the notice, subscribers have been advised to contact a Mumbai functionary for refunds.

The paper was once published from Mumbai, Ahmedabad, Pune, Jaipur, Bengaluru and Indore. In February, the Delhi edition was shut down, reported Exchange4Media. The Pune and Bengaluru editions were shut in 2014.

The Free Press Journal has reported that the paper has seen as many as 10 editors in its 14 years of existence.

According to unconfirmed Twitter reports, a ‘town hall’ meeting was held with print-only employees on Wednesday. Gandhi wrote that more than 100 anxious journalists had lost jobs and were being offered only two months’ salary.

Journalist Geeta Seshu has tweeted that the company had earlier asked for permission to retrench the 113 workers who work at the company’s press in Ghansoli. This permission, however, was not granted, Seshu wrote.

DNA’s parent company, Zee, has not been seeing the best of times. On October 7, Business Today reported that shares of the Subhash Chandra-led Zee Entertainment Enterprises Ltd (ZEEL) tumbled nearly 14% in intraday trade to hit a six-year low of Rs 203.70 on the Bombay Stock Exchange. The company is riddled with debts.

Amidst reports of Subhash Chandra having left the country, his son Punit Goenka wrote on September 29 that his father was well within the country.