Mahanagar Media Network closes its Hindi Daily ‘Hamara Mahanagar’
Mahanagar Media Network has decided to close its printing and publication business of ‘Hamara Mahanagar’ Hindi Daily due to financial burden and the current market conditions.
In a letter addressed to employees, the company admitted to being in continuous financial losses for the last couple of years and is unable to meet its commitments to financiers/borrowers.
Hamara Mahanagar daily was circulated in Mumbai, Pune and Nashik. The Hindi newspaper was established in 1982 by Nikhil Wagle. The Mahanagar Media Network also publishes a Marathi daily called ‘Aapla Mahanagar’ meaning ‘Our Metropolis’.
Employees whose services have been terminated within the organisation have been requested to corporate in this crisis situation. The publication has promised payment of dues in due course of time without mentioning a specific date.