NY Sun Pressed for Cash (may shut down)

[Newsjock]

Source: New York Post

The sun appears to be setting on The New York Sun some 6½ years after it began.

Investors are said to have given founder and Editor Seth Lipsky until the end of the month to find new angel investors - or else the plug will be pulled.

The right leaning, pro-Israel broadsheet is believed to be losing money at the rate of $1 million a month for total losses surpassing $70 million.

Read more: http://www.nypost.com/seven/09032008/business/ny_sun_pressed_for_cash_127337.htm

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http://www.nysun.com/new-york/the-future-of-the-sun/85129

This morning I write to you about the future of The New York Sun, which is in circumstances that may require us to cease publication at the end of September unless we succeed in our efforts to find additional financial backing. The managing editor, Ira Stoll, who is one of the founding partners in the paper, and I have shared this news with our colleagues, and we would like our readers as well to be aware of the situation.

[muntrv]

1. Awwwwwwww!!!!

:nopity: :nopity:

[angstlessk]

2. send me a self addressed stamped envelope and I will send you

twenty pennies...right out of my piggy bank!!!

[TheCowsCameHome]

3. Ahhh, there's nothing like a nice "Sun"set over Long Island

[Voltaire99]

4. How's that Iraq war working out for ya, idiots?

Love to see right wing media lose money. Love it.

[hadrons]

5. These clowns editoralized that Cheney would be a outstanding candiate to succed Dumbya

not joking

[musette_sf]

6. good, one Moonie rag down

one to go (Washington Times).

[TomClash]

7. Awesome!

That made my day.