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Wall Street Journal closes its international editions

The Wall Street Journal will stop publishing its foreign editions - the European (The Wall Street Journal Europe) and the Asian (The Wall Street Journal Asia).

According to the paper’s parent company, News Corp, the decision is made due to increased competition in the print advertising market and the newspaper's adherence to digital technologies. The transition to the new format means that the printed version of The Wall Street Journal will not be represented in some markets at all. Though in the key markets, like Tokyo, the publishing of a standard U.S. edition will be established soon.

The parent company is trying to overcome the negative trend - reduction of sales of printed publications and advertising profits. Last year, News Corp reported a loss of $643m.

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