New York Sun to Shut Down

I’m a liberal who liked the NYSun:

The New York Sun, the six-year-old newspaper with a conservative mind-set, announced on Monday that it would close after publishing Tuesday’s issue.

The Sun’s president and editor, Seth Lipsky, said a three-week search for new financial backers had failed. Mr. Lipsky announced on Sept. 4, in a front-page “Letter From the Editor,” that The Sun would shut down by the end of the month unless it raised new money.

Mr. Lipsky told editors and reporters who gathered on Monday afternoon in The Sun’s loftlike newsroom in Lower Manhattan that the shutdown was “a logical decision following a hardheaded assessment of our chances of meeting our goal of profitable publication in the near future.”

Here are excerpts of remarks by the Editor of the Sun, Seth Lipsky, to the newspaper’s staff.

BUT… Managing editor Ira Stoll says: “There’s been no final decision made yet. We’re still in active talks.”

M.J. Rosenberg at TPM feels bad when any newspaper folds. “But the Sun was not a newspaper.”

OIC. And…

“I told my oldest son that the Sun had folded and he said, ‘good. Did you see their guidelines for interns.’ I hadn’t. But here they are.”

The Sun lost over $1 million a month.