The Boston Phoenix announces it’s folding and this means 50 people will be out of their jobs.
Apparently it cost more than $1 million each year to keep the publication in business. The alt-weekly was founded in 1966 and is closing immediately. As in now.
“I can state with certainty that this is the single most difficult communication I’ve ever had to deliver and there’s no other way to state it than straightforwardly –
As of now the Boston Phoenix has ceased publishing and wfnx.com will not continue as it is….
I cannot find the words to express how sad a moment this is for me, and I know, for you as well, so I won’t try….
And obviously as well, my sincere gratitude to our millions of readers and tens of thousands of advertisers without whom none of what we did accomplish could have been possible or meaningful.
So, that’s it. We have had an extraordinary run.”
- In Celebration of International Women's Day, New Survey Outlines Insight to Succeed in the Workplace
- Per New Survey, Execs Give March Madness Morale Two Thumbs Up
- 'Undercover Boss' Flips Premise to Feature Undercover Employees
- New Study Shows Men Prefer Being the Boss More Than Women