The decision was taken after a two-hour meeting of owners and editors of newspapers who met here to take stock of the situation, especially after Chief Minister Mehbooba Mufti's advisor Amitabh Mattoo had personally met them yesterday and "apologised".
The announcement came hours after Information and Broadcasting Minister M Venkaiah Naidu said in Delhi that Chief Minister Mehbooba Mufti had told him there was no ban on publication of newspapers in the Valley.
Later, Education Minister Naeem Akther had met the editors and asked them not to bring out editions for next three days as movement of newspaper staff and distribution of newspapers was not possible because of strict curfew restrictions across the Kashmir Valley.
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While Mattoo was apologising on one end, "the state government resorted to propaganda blitzkrieg insisting that there was no ban."
"They used all the available media to hit the credibility of the newspapers that have a history of not ceasing publication even when their members were killed," a release issued by the association said.
"We have not heard anything from anybody in the government since then. It indicates that the government has not changed its press emergency," the release said, adding that it would not be "possible for us to resume publication of newspapers. We will review the progress on Wednesday."
No local daily -- English or Urdu -- was available as the newspaper owners decided not to publish them after the "clampdown" by the government on Friday night.
Meanwhile, District Magistrate, Srinagar, issued a notification late in the evening saying there was no restriction on printing and publishing of newspapers, a statement which found no takers among the owners and publishers of the newspapers.
Simultaneously, District Magistrate of Budgam also issued a notification on similar lines.
However, media owners insisted that the government own up the responsibility first that the newspapers were shut because of the "directions of Education Minister Naeem Akhter who also happens to the Government spokesman".
"We are ready to publish the newspapers once the state government owns up the responsibility of cracking down on newspapers," Editor of Kashmir Images Bashir Manzar said.