Central Daily News

The "Central Daily News" (zh-cp|c=中央日報|p=Zhōngyāng Rìbào) was the official newspaper of the Kuomintang and is one of the world's oldest Chinese-language newspaper having been in circulation since 1928. The Kuomintang made the decision to temporarily cease publication of the newspaper effective June 1, 2006 because it could no longer subsidize the newspaper's snowballing debts which had amounted to around NT$ 800 million (US$ 24.5 million), almost twice the overall assets of the party. It is now a dedicated online publication available to taiwanese and chinese readers in both Taiwan and Mainland China, written in both traditional and simplified chinese. Relations between both sides of the Taiwan Strait are one of the most important topics, as well as business.

History

Central Daily News was launched in Shanghai on February 1, 1928 as a mouthpiece of the Kuomintang and began circulation in the Chinese capital Nanjing in mainland China. The paper had previously temporarily ceased publication on December 13, 1937 when the capital was occupied by the Japanese military in the .

In 1950, the Kuomintang fearing sociopolitical instability and communist insurgency began a four decade long authoritarian rule beginning with the suspension of the constitution which included a ban on the free press. During this time, the Central Daily News became the most widely read newspaper in Taiwan [cite web | url = http://www.chinapost.com.tw/taiwan/detail.asp?ID=82855&GRP=B | title = KMT shuts down Central Daily News after 78 years | date = 2006-05-25 | publisher = The China Post] . However, when the ban on free press was lifted in 1987, the newspaper began facing fierce competition and as a result of its conservative image and connection with the past Kuomintang authoritarianism, it began losing popularity.

By April 2006, the paper accumulated debts exceeded NT$ 800 million and was sustaining losses of NT$ 8.44 million each month in the same year. As part of new austerity measures implemented by Kuomintang Chairman Ma Ying-jeou, the Central Standing Committee resolved to cease publication of the paper by the end of May 2006. The paper retains a small staff of 70 to update its website [cite web | url = http://www.taipeitimes.com/News/taiwan/archives/2006/06/01/2003311093 | title = KMT cuts its losses by shuttering the `Central Daily News' | publisher = The Taipei Times | date = 2006-06-01] .

After being shut down in June, the newspaper was reborn on Sep 13, 2006 as an electronic newspaper [cite web | url = http://www.taipeitimes.com/News/taiwan/archives/2006/09/14/2003327560/wiki | title = `Central Daily News' reborn | publisher = The Taipei Times | date = 2006-09-14] .

See also

* Central News Agency

References

External links

* [http://www.cdnews.com.tw/ Official website]