New York Sun Ceases Publication
Posted on October 2, 2008
USA Today reports that the New York Sun will be ceasing publication. The paper lasted into its seventh year. It has run out of money and was unable to find fresh investors.
Tuesday's edition will be the paper's last, newspaper spokesman Michael Moi said Monday. He declined to elaborate.September 30th was the newspapers last issue. You can read a sad farewell here from Sun editor Seth Lipsky. There's also a feature called "Seven Years of the Sun" on the website's homepage.Editor Seth Lipsky had been scrambling to attract new investors for the paper, one that laid claim to a grand tradition by taking the name of the original New York Sun, a Pulitzer Prize-winning giant that published for more than a century before disappearing in a merger in 1950.
On Sept. 4, Lipsky announced the paper had endured "substantial" losses and would close at the end of the month without an infusion of cash.
Lipsky had hoped to carve out a profitable niche among New Yorkers, and he succeeded, in part: The paper definitely carved itself a niche, but it wasn't profitable.
Read more discussion of the Sun's departure at City Journal, Reason Magazine, The Deal, Grub Street, New York Post, New York Times and Romenesko.