The owners of the Co Clare based regional newspaper, The Clare People have today announced it is to cease publication.

It is understood that the decision will lead to the loss of up to 16 jobs.

In a statement the company said that "unfortunately our newspaper cannot continue to sustain the losses we have incurred in delivering a quality product to the people of Clare on a weekly basis in the face of consistently declining circulation and advertising revenues.

"As a consequence of the rapid impact of the internet and free online platforms, the marketplace for quality local newspapers has changed fundamentally."

The Clare People published a weekly newspaper in Co Clare since June 2005.