IBOV 167,563.47 ▲ 1.23% IPC MEX 71,385.90 ▲ 1.71% MERVAL 2,848,945 — — USD/BRL5.46▼ 0.56% USD/MXN18.60▼ 1.23% USD/CLP965.60▼ 1.58% USD/COP3,220▼ 0.18% USD/PEN3.45▼ 0.43% USD/ARS1,547▼ 0.24% USD/UYU40.26▲ 3.38% USD/PYG6,031▲ 5.26% USD/BOB12.00▲ 1.86% USD/DOP60.35▲ 0.58% USD/CRC450.45▲ 2.29% USD/GTQ7.64▲ 3.20% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.78% USD/VES890.98▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.78▲ 2.52% USD/TTD6.66▲ 1.66% EUR/BRL6.13▲ 0.82% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,563.47 ▲ 1.23% IPC MEX 71,385.90 ▲ 1.71% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
since 2009
Wednesday, November 4, 2026

Business - Brazil In-Depth - Brazil

The Rio Times to Close March 31 After Ten Years of Publishing

By · March 21, 2019 · 4 min read

By Nelson Belen, Contributing Reporter

RIO DE JANEIRO, BRAZIL – After ten years, nearly 14,000 news articles, and working with over one hundred freelance reporters and writers, The Rio Times, Brazil’s leading local English-language news publisher, will shut down on Sunday, March 31st.

Brazil, Brazil News, Rio de Janeiro
Launched in 2009, The Rio Times will shut down on March 31st, announced Editor and Publisher Stone Korshak, photo by Elena Thomas.
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“We’re closing because I am living back in the U.S. now, and although it is a profitable business, and we’ve got some of the best reporters we’ve ever had, it’s not enough to keep me in Rio and I can’t dedicate enough time to it anymore,” expressed Stone Korshak, The Rio Times Editor and Publisher.

“It has been a very difficult decision because [The Rio Times] has been my life for the last ten years, and I’ve loved doing it,” he said. “Without a doubt it has been the most satisfying work I’ve ever done.”

Korshak launched The Rio Times in 2009 shortly after arriving in Rio because of what he explains as “a gap that I felt myself, which was trying to find information about living in Rio, without speaking and reading Portuguese well.”

From the beginning, the news company provided the expatriate community in Brazil and Rio de Janeiro a much-needed source of local news in English. At the time, Rio had not had a locally published English language newspaper in over twenty years – the last one being The Latin America Daily Post which closed in 1986.

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However, soon after opening, The Rio Times, “evolved into something much more,” Korshak related. “It became (what I hoped) was a hub for expat life in Rio and Brazil. We wanted to connect foreigners together, for life, work and fun.”

He adds, “We were always proud to help support foreigners doing business in Rio, which is an extremely difficult environment in the best of times. Not to mention promoting those expats doing art and music, as well as non-profit NGO programs.”

Julia Michaels, an American expatriate, author and journalist behind the Rio Real Blog, exclaimed, “The Rio Times was a vibrant institution that helped to define and inform our expat community in all its diversity.”

Unfortunately, according to Michaels, the newspaper was not immune to “Rio´s downturn, which has spurred a tragic exodus of both expats and Cariocas.” She laments, “I will miss The Rio Times.”

Brazil, Brazil News, Rio de Janeiro
Over the years, The Rio Times became a hub for expats in Brazil and Rio, photo courtesy of Vitophotography.com.

Throughout the years, The Rio Times also served as an outlet for many expat freelance writers and journalists living in Brazil – giving them a chance to report on local happenings and national stories, as well as providing an opportunity to voice their affection and, oftentimes, frustration with the country that, at least for a time, they called home.

The diverse group of reporters who have passed through The Rio Times newsroom included veteran journalists, lawyers, small business owners, and graduate students – some of whom had already lived in Brazil for decades before the newspaper launched and others who had just arrived.

“Getting to write on a daily basis one and even two stories when you are a freelancer in Brazil has been challenging and gratifying,” explained The Rio Times’ senior reporter Lise Alves, who began writing for the newspaper in 2014.

“It has been a pleasure to work at The Rio Times and to bring our readers stories which carry a bit more of the local color of the wonderful places here in Brazil.”

As the publication enters the final weeks of a successful ten-year run, Korshak concluded, “I’ll always be proud of The Rio Times and thankful to the readers and advertisers who supported us, as well as all the great reporters that poured their hearts into it – for very little money.”

“For me,” he shared, “I’ll take all the experience from the last decade and put it towards launching a new publication in Miami Beach, which will be announced soon.”

The Rio Times will publish its last article on Sunday, March 31st. The website will remain up for six months after the paper closes during which time all the articles will be accessible.

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