2008_09_sl.jpgYesterday, The Star-Ledger's publisher George Arwady told employees that the newspaper will close on January 5 next year "if 200 buyouts and several union concessions are not met, or if the paper cannot be sold," according to Editor & Publisher. The e-mail explains there are three things that need to be done: Get concessions from drivers, cut non-union staff via buyouts and get concessions from the mailers' union. As the Star-Ledger itself reports, while the paper's dire situation was known, "yesterday was the first time a Jan. 5 closure date has been mentioned." The president of S-L's parent company Donald Newhouse said, "We strongly believe that if we can achieve the three objectives we set for ourselves ... then we will be able to produce a viable newspaper."