The hyperlocal Chicago News Cooperative site, which supplies Chicago-area content to the New York Times, announced today it will suspend publication. The non-profit site was founded in 2009. It will stop production to reassess the situation on Feb. 26.

In a letter posted on the site, editor James O’Shea says:

Unlike similar start-up efforts like the Texas Tribune in Austin, the Bay Citizen inSan Francisco and ProPublica in New York, we never recruited the kind of seven figure donations from people of means concerned about the declining quality of news coverage around the country. As a result, CNC never raised the resources to make investments in the business side of our operation that would have generated the revenue we needed to achieve our original goal – a self-sustaining news operation within 5 years.

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