The oldest national newspaper of the world printed its last daily issue nearly 320 years after its inception.

Viennese daily newspaper Wiener Zeitung will no longer print daily editions after a recent change in law means it is no longer profitable as a printed matter.

The law passed in April by the Austrian government, removed the legal requirement for companies to pay for advertisements in print editions, ending the role of the Wiener Zeitung as an official newsletter.

Der Spiegel said the change cost it 18 million euros in sales and forced it to cut 63 jobs, including cutting its editorial staff from 55 to 20.

The newspaper hopes to continue go online and publish a monthly print edition, but plans are reportedly still in progress.

The newspaper owned by the Austrian government but editorially independent was published in August 1703, during which 12 presidents, 10 emperors and 2 republics were born.