Tabloid newspaper The Truth may shut its doors after more than 125 years of publishing – this in a shocker week for New Zealand media where Fairfax Media axed three of its technology titles and MediaWorks was put into receivership.
According to Stuff, the decision to not publish this Thursday's issue – and perhaps indefinitely – is brought on by the loss of a major advertiser this month.
The Truth's controversial editor, blogger Cameron Slater from Whale Oil, firmly places the blame on previous management.
"Bottom line is that Truth was too far gone, a legacy of mayhem caused by David and Steve Crow," he says.
Slater was brought on board six months ago in an effort to rejuvenate the paper and shift its image towards politically focused news. This included doing away with The Truth's infamous cover babes, which helped it attract advertising from the world's oldest profession.
Slater adds that he will write about his six-month stint as an editor in the near future.