New York Sun Sets

Unable to raise enough cash to stay afloat, conservative rag The New York Sun is shuttering. Not even seven years after launch, founder Seth Lipsky finds himself closing down the daily rag, which is burning through some $1 million a month. And without new investors and a balance sheet $70 million in the red, there appears little other choice. (Maybe Bloomberg will buy it?) An announcement is expected in tomorrow's paper, but Internet wizards that they are, they've posted it online already.

Sep 3, 2008 · posted by david · Link · 1 Response
Comments (1)

No. 1 Slutty Chola Cobbler says:

Maybe he should hire Obama and team to teach them how to keep their business afloat!

Posted: Sep 3, 2008 at 7:40 pm
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