Apple Daily to cease operation on Friday

[16:00] Latest report reveals that Apple Daily will issue its last publication on Thursday (June 24), and will cease operation on Friday.

The board of directors of Next Digital Ltd, the parent company of Apple Daily, announced on Wednesday (June 23) that the printed edition of Apple Daily will cease publication "no later" than Saturday (June 26), and its webpage will also be closed at 11:59 p.m. on June 26.

Also today, Next Weekly, a magazine under Next Digital announced end of operation.

The announcements came as five executives of Apple Daily and parent company Next Digital were arrested last week for allegedly colluding with a foreign country or with external elements to endanger national security.