Apple Daily to Suspend Paper If Hong Kong Accounts Stay Frozen
- Company has no access to bank accounts, top adviser says
- National security police arrested top editors last week
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Next Digital Ltd. plans to stop publishing Apple Daily later this week if authorities don’t allow access to its bank accounts, and will make a final decision on Friday, the pro-democracy newspaper reported on Monday.
In an internal memo at the flagship newspaper of media tycoon Jimmy Lai, a senior editor said online news would stop at 11:59 p.m. on Friday night and the final print edition would be distributed on Saturday if the funds remain frozen. In a staff meeting, managers offered to allow reporters to quit immediately, according to people familiar with the situation who asked not to be named.