Senior advisor to media mogul Jimmy Lai warns after the massive police operation that froze all important bank accounts of the newspaper: “It will be a matter of days before the Apple Daily ceases to exist. It won’t be clear until Friday if the future is guaranteed.
The board of directors of Next Digital, the newspaper’s parent company and owned by opposition media mogul Jimmy Lai, today discussed the unsettled question of whether Apple Daily can continue to emerge. Mark Simon, a senior adviser to Jimmy Lai, fears that “the newspaper is still on newsstands, but it will take days before it is gone.” AFP reports that on Friday there will be a final answer on the newspaper’s future.
very large edition
Despite Friday’s appearance of the Apple Daily – even with a very large circulation – the newspaper’s survival appears to be in jeopardy. In addition to the arrests, which were strongly rejected by the European Union and the United Kingdom, authorities have frozen all assets of three companies linked to the pro-democracy newspaper. On Sunday, the editorial team made sure the newspaper had enough money to operate normally for “a few more weeks”, but chief adviser to owner Lai had a different opinion.
When they get rid of us, who’s next?
“We thought we would get to the end of the month, but it’s getting harder. It’s only a matter of days,” Simon told Reuters. According to the senior advisor, the procedure for releasing some of the funds could take weeks to months. Or will it disappear? When they get rid of us, who’s next?
Last weekend, during a hastily convened meeting, newspaper executives made it clear to reporters that it was no longer necessary to come to the office or work at the newspaper at all. However, the company wants to do everything it can to get a portion of the $2.3 million in frozen funds, so that the last wages can be paid.