2008_09_nysun.jpgIn today's NY Sun, there's a letter from editor Seth Lipsky warning that the paper may fold at the end of the month if they don't "find additional financial backing" (he calls current investors keeping the paper afloat "heroic"). Lipsky acknowledges their goal "of providing an alternative to the New York Times in coverage of New York City, politics, foreign policy, and culture" "was an optimistic project," but is proud of its "journalistic credibility and a reputation for quality and verve." He explains that rising production and distribution costs have been too great, in spite of advertising increases. There have been some talks with other papers and companies; Lipsky says he's "hopeful" and so are we.