New York Sun faces closure

Will the New York Sun survive? Earlier this month the paper's president and editor, Seth Lipsky, revealed that the five-day-a-week paper would not be published beyond the end of September unless it raised new financial backing. So far, Lipsky hasn't raised enough and now says the paper is at "a crossroads." After six years' publication, its paid-for sale is just 14,000 copies, and it gives away a further 66,000. (Via New York Times)