Televerse forced to quit publication of Everybody's; Globe plans to proceed

<p>Less than two weeks after its launch, Everybody's Daily News </p><p>(MEDIA, September 15) has ceased publication following a court </p><p>injunction. </p><p><BR><BR> </p><p>Mr Benjamin Lau, president of Televerse International Limited, refused </p><p>to predict when the daily could resume publishing, but admitted to </p><p>feelings of frustration over the issue. </p><p><BR><BR> </p><p>Everybody's Daily News hit the newsstands on September 8, and was </p><p>supposed to replace the 40-years-old Tin Tin Daily News, the newspaper </p><p>which was bought by Televerse in June this year. </p><p><BR><BR> </p><p>The court injunction was believed to have been applied for by the former </p><p>publisher of Tin Tin Daily News, which alleged the formats of the two </p><p>publications were too similar. </p><p><BR><BR> </p><p>Mr Lau declined to comment. </p><p><BR><BR> </p><p>As for whether the present staff of the newspaper would be laid off, Mr </p><p>Lau said Televerse also ran other businesses which might possibly absorb </p><p>more than 60 per cent of the affected staffers. </p><p><BR><BR> </p><p>Despite the setback, Mr Lau said plans to launch another newspaper, Hong </p><p>Kong Globe, had not been affected. </p><p><BR><BR> </p><p>This latest title hit the streets on September 21 and targeted those </p><p>from educational as well as cultural circles. Mr Lau also disclosed that </p><p>they intend to launch an English version of Hong Kong Globe, due to hit </p><p>newsstands early next year. </p><p><BR><BR> </p>