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, saying a hearing will be held on Sept 27.

And so that’s why you see this. It’s a profound problem across local newspapers all around the country and in fact the world. So I had to do some soul searching and I said, is this something I want to get involved in? If I’m going to do it, I’m going to put some heart into it and some work into it. I decided I would only do that if I really believed it was an important institution. I said to myself, if this were a financially upside down salty snack food company, the answer would be no. But as soon as I started thinking about that way, I was like, this is an important institution. It is the newspaper in the capital city of the most important country in the world. The Washington Post has an incredibly important role to play in this democracy. There’s just no doubt in mind about that.

Analysts pointed out that while the drop in revenue was disappointing, it had to come at some point after years of growth.

Analysts say that after the yuan exchange rate against the dollar hit a six-year low level in December, the yuan's performance against the greenback has been steady after the US currency lost its upward momentum.

Andrej Plenkovic, Croatian Prime Minister, speaks to the media in Brussels, Belgium, on Dec 14, 2018. [Photo/VCG]