Dominican Daily Newspaper to Fold

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(AP) The newspaper El Siglo, the third-largest daily in the Dominican Republic, announced Wednesday it will close next week.

The paper, with an average daily circulation of 25,000, will publish its last edition on Oct. 31. It opened in 1989.

El Siglo is owned by the one of the country’s major holding companies, Intercontinental Financial Group, which also owns the Listin Diario, the leading national daily.

In its announcement, El Siglo said it was ceasing operations to avoid “duplicating editorial efforts” in a single market.

The Dominican Republic, a country of 9 million, still has three major daily newspapers in circulation, including Listin Diario.

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