The Irish Daily Star Sunday newspaper is to close with the loss of 17 jobs. The title is owned by Independent Star Ltd, a joint venture between Independent News & Media (INM) and Britain's Express Newspapers group.
The company said the Sunday newspaper had not made a profit since it was established in 2003 and last year lost over €1m. It was expected to lose more money this year.
The managing director of Independent Star Ltd, Paul Cooke, said the decision would have no impact on the company's daily newspaper the Irish Daily Star, which he said had always generated a profit and was expected to show a profit of €6m for 2010.
He said the decision to close the Sunday paper was taken due to a combination of the current severe economic downturn and what he described as continued below-cost selling by UK based Sunday titles.
The Sunday title was launched in 2003. The daily paper employs 117 and the company recently moved to new premises in Dundrum Town Centre.