About 100 people lost their jobs when news magazine Surprise Weekly folded on Tuesday. Publisher Leung Tin-wai - who had his arm severed in an attack at the magazine's Quarry Bay office in 1996 - said lack of advertising had prompted the closure. 'In these times of financial uncertainty we have no choice but to make this painful decision,' Mr Leung said. Circulation dropped to below 100,000 soon after reaching a peak of more than 300,000 immediately after the attack on the eve of the magazine's launch. Mr Leung said his tabloid-style magazine had been losing about $1 million a month. Staff were compensated according to labour laws, he said. In May 1996, two unidentified men barged into the office and chopped off his left forearm and thumbs. They were reattached in surgery that took almost 20 hours. Surprise Weekly, with the Express News, belongs to South China Strategic, the media arm of the South China group. Express News was relaunched last year but laid off 70 staff in a cost-control exercise this month.