The New York Sun , a newspaper founded as an alternative to the New York Times , was shut down on Tuesday for its failure to raise enough capital. Founder Seth Lipsky was reported saying that a search for new financial supporters had failed, although the initial backers were willing to pay extra if partners could be found. Trying to raise capital had been extremely difficult for them, and it led to bankruptcy in the midst of the credit crisis in the United States. However, even against... MORE
Date posted: May 23, 2018Last modified: May 23, 2018Total views: 15
