Arab Today, arab today boston phoenix alternative weekly folds
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Boston Phoenix alternative weekly folds

Arab Today, arab today

Arab Today, arab today Boston Phoenix alternative weekly folds

Washington - UPI

The groundbreaking alternative weekly newspaper the Boston Phoenix ceased publication Thursday, with the publisher saying its losses were not sustainable. \"Thank you Boston. Good night and good luck,\" the newspaper said in a Twitter message. Publisher Stephen M. Mindich said in a statement to staffers the \"significant financial losses\" at the newspaper -- which six months ago reinvented itself as a glossy magazine -- were \"no longer sustainable.\" \"I cannot find the words to express how sad a moment this is for me,\" Mindich, who was with the newspaper almost since its beginning 48 years ago, said in his statement. \"We have had an extraordinary run,\" he said. Sister Phoenix publications in Providence, R.I., and Portland, Maine, will stay in business, Mindich said, but WFNX.com, the Phoenix Media/Communication Corp.\'s online radio station, \"will not continue as it is.\" He didn\'t say what its fate would be. Mindich blamed the shutdown on \"the economic crisis beginning in 2007 and the simultaneous radical changes in the media business, particularly as it has affected print media advertising.\" About 40 employees will be let go within the week and another 10 or so will leave soon thereafter, Executive Editor Peter Kadzis told The Boston Globe. Kadzis described the general Phoenix staffer reaction when Mindich told them the news as \"shell-shocked.\" Several people cried, a person at the meeting told the Globe. The Boston Phoenix\'s parent company doesn\'t plan a formal bankruptcy filing, but hired a Boston law firm to liquidate the newspaper\'s assets and distribute proceeds to creditors, the Globe said. The newspaper has $1.2 million in debts and more than $500,000 in assets, but the assets mostly consist of promised goods and services and will likely fetch significantly less than the half-million, attorney Stephen F. Gordon told the Globe. The Phoenix was founded in 1965 by former Massachusetts Institute of Technology student newspaper editor Joe Hanlon as a four-page arts-news sheet inserted in Harvard Business School\'s student newspaper. It has won numerous journalism awards, including a Pulitzer Prize in 1994 for classical music writer Lloyd Schwartz.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boston phoenix alternative weekly folds Arab Today, arab today boston phoenix alternative weekly folds

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today boston phoenix alternative weekly folds Arab Today, arab today boston phoenix alternative weekly folds

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday