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The High Court has approved an application to wind up the Newsday newspaper after 32 years.

At a hearing on January 23, Justice Marissa Robertson granted an application filed on December 31 by attorneys for Daily News Ltd, the newspaper’s parent company. Justice Robertson also appointed chartered financial analyst Maria Daniel, a partner at Ernst & Young Services Ltd, as liquidator.

Daniel will now take control of the company and is responsible for assessing and selling its assets to pay outstanding creditors.