A move to wind up the Newsday newspaper after 32 years of operation has been approved.
During a hearing a short while ago, High Court Judge Marissa Robertson approved an application made late last year by lawyers representing Daily News Ltd, the parent company of the newspaper.
In approving the application, Justice Robertson appointed chartered financial analyst Maria Daniel as liquidator.
Daniel will now take control of the company and assess and sell its assets in order to clear its debts to creditors.
