7 of 7
BACKNEXT
The New York Sun
The New York Sun
New York City
Founded: 2001
Closed: Sept. 30, 2008

When longtime Wall Street Journal editor Seth Lipsky founded the New York Sun in late 2001, his goal was to offer a more conservative alternative to the left-leaning New York Times. The broadsheet daily garnered a base of 150,000 readers and national acclaim for its arts coverage, but it never turned a profit: New York Magazine reported in October that the Sun was losing more than $1.5 million a month.

The first week of September, Lipsky informed his staff that he had three weeks to find $10 million, the amount needed to match what his five primary investors were willing to put in. "As costs rise and the advertising market for newspapers generally tightens, keeping the Sun alive will require broadening the base of investors," he wrote in an editorial. "There is no assurance that any of our discussions will be successful, but we are hopeful."

The Sun held out hope until the evening hours of September's last day, but no new funding could be found. After six years of daily publication, the Sun set for good.

More galleries

LAST UPDATE: Nov 05 2008 | 9:59 AM ET
Sponsored by
More Galleries
7 hot businesses to start now It's hard to predict what businesses will take off, but these startup ideas have been drawing tons of interest from entrepreneurs and their customers on Thumbtack.com. More
How will a minimum wage hike hit businesses? Thirteen states increased the minimum wage on Jan. 1, and President Obama supports raising the federal rate to $10.10. 4 small business owners weigh in on how an increase would affect them. More
America's favorite businesses From a science camp for girls to a kombucha brewer, communities around the country voted on their favorite small businesses. These 12 came out on top, each scoring a $250,000 grant from Chase and a trip to Google's headquarters. More
Sponsors

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.