The Andersonstown News is to cease publication of one of its twice-weekly editions with the loss of nine jobs.
The west Belfast outlet will no longer print a Monday paper, with the May 16 edition being the last.
The Belfast Media Group, which will continue to produce the main Thursday edition, amalgamating Monday's content, expressed hope some of the redundancies can be achieved voluntarily.
Group managing director Mairtin O Muilleoir said: "It is with regret that the Belfast Media Group is ceasing publication of the Monday edition of the Andersonstown News.
"Over the past 11 years, the paper has played a vital community role and provided a first-class news service.
"However, for some time now the paper has been loss-making and due to the severity of the economic downturn and rising costs, we are unable to continue publication. The Monday edition will now be amalgamated into the Thursday paper.
"Unfortunately, this decision will result in nine redundancies. It is hoped that some of these redundancies will be voluntary and discussions have now begun with staff and their representatives."
Mr O Muilleoir said other jobs would be created in the businesses in the near future.
"Our underlying business remains robust and our flagship Andersonstown News title remains one of the strongest weekly newspapers on the island," he said.
"We are also successfully diversifying into other areas including film-making and online where we will shortly be announcing a small number of new jobs."