New York Sun To Close This Fall Unless It Finds New Funding

Media Mob has learned that The New York Sun will be forced to shut down by the end of the month if it doesn't find new ways to fund the paper.

"We're publishing a statement that will say the paper may have to close at the end of September unless we succeed in our efforts to find additional financial backing," said Seth Lipsky, the editor of The New York Sun.

He said the statement will be published in tomorrow's newspaper, and that it will go online this evening.

He added caution: "I would encourage you not to assume that the paper is doomed. Well, read the statement. It fills in more of the details."