Staff at the Wee County News publisher were told on Friday that the company had gone into liquidation
Martin Little, editor of Wee County News, told The Scotsman it was a "very sad day for all involved".
"Putting aside the personal disappointment, my thoughts are with the thousands of people who looked forward to receiving each of our titles every week. Communities have been at the heart of everything we have done."
UPDATE: Holleran has issued a statement on behalf of the NUJ: "The liquidation of Forth Independent Newspapers is the biggest sign yet of the crisis facing the Scottish newspapers industry.
"The closure of titles such as the Wee County News should worry everyone in publishing and alert the government to the dangers facing a free and diverse press in this country and stir them into action.
"While recognising the difficulties of Ministers intervening between publishers and their banks the NUJ believe there is an immediate need for the government to set up an all-party and stakeholder meeting to explore the benefits of setting up a Press Commission on similar grounds to the Broadcast Commission."
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