HERALD NEWS UK LTD, the company which prints The Pembrokeshire Herald, The Carmarthenshire Herald and The Llanelli Herald has ceased operations.
Editor of Pembrokeshire Herald, Thomas Sinclair said: “After finalising today’s paper to go to print yesterday, a meeting was held last night. It was confirmed that the expected further investor funding would not be made available for the company.
“This meant that operations need be halted as the businesses was not able to pay its ongoing costs.
“At 10am today the 24 members of staff working at the newspaper have today been given notice of redundancy.
“We are absolutely devastated that after nearly 7 years and hundreds of editions of the paper we can no longer continued.”
“I would like to think that over those years, some of the stories we have written have made a difference to Pembrokeshire and beyond.”
Director of Herald News UK Limited, John Hammond said: “The company accountant could be appointing administrators as soon as next week.”
“The Owners of The Pembrokeshire Herald came to the conclusion last night during a finance meeting that the venture is no longer financially viable.
“Whilst every conceivable effort has been made to improve the financial situation of the business, we have to face the fact that there is no way that we can now continue in a solvent position.
“Whilst there has been a slow decline in readership of local newspapers, our costs for wages, printing and transport have substantially increased.”
“We would like to thank all of our loyal readers and staff.”
<img class=”wp-image-51343 size-large” src=”http://pembrokeshire-herald.com/wp-content/uploads/2019/03/herald2-1024×678.jpg” alt=”” width=”740″ height=”490″ /> Community: Herald titles were campaigning newspapers<img class=”wp-image-51344 size-large” src=”http://pembrokeshire-herald.com/wp-content/uploads/2019/03/herald3-1024×565.jpg” alt=”” width=”740″ height=”408″ /> Popular: 45,000 people read Herald titles each week in west Wales
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