Honolulu Weekly closing amid financial issues

Associated Press

HONOLULU (AP) - The publisher of Honolulu Weekly says the local newspaper is shutting down after struggling to maintain revenue and unsuccessful attempt to try to sell the free weekly.

Publisher Laurie Carlson said in an open letter published in its final issue Wednesday that the paper's finances have gone from "manageable with great stress to bleak."

Carlson says efforts to bring in more advertising revenue have had little success, with existing advertisers leaving as new ones sign up.

Carlson says she is choosing to close while the newspaper can still meet its debts and obligations.

Carlson said in an email to The Associated Press that the newspaper's editor, Mindy Pennybacker, will try to restart the Weekly in September.

Circulation figures for the newspaper were not immediately available.

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