Regional publisher Archant is scrapping a weekly newspaper it launched less than two years ago with the loss of 12 jobs.
Cambridge First was marketed as a “21st century weekly newspaper” when it first hit the streets in May 2010.
But the title failed to make inroads against more established competitors and Archant has now announced that next week’s issue will be the last.
Iliffe initially hit back against Cambridge First by launching a free, Metro-style publication entitled Cambridge Now.
However this title has since merged with the Cambridge News and Crier to become the Cambridge News and Crier Now.
In a statement, Archant said it was suspending publication of Cambridge First to devote resources towards its more established brands in the area.
Archant Anglia MD Johnny Hustler said: “Launched into a competitive market just as the economic downturn started to bite, Cambridge First has been a great editorial success, however it has not been able to achieve the commercial market share necessary to fund its continued publication.
“We believe that by taking this decision our resources can be focused on our more established titles in the Archant Herts & Cambs portfolio, ensuring that we maintain and improve our performance in areas where our market position is stronger.”
The statement confirmed that 12 roles, including six in editorial, are at risk of redundancy but the company will seek to redeploy staff in alternative positions where possible.
The launch of Cambridge First was overseen by Paul Richardson, then the editorial director of Archant Herts and Cambs, who said at the time: “Cambridge is ready for something fresh and new and this will be it.”
Paul subsequently left the company in a restructure last autumn.