Of course, it's not just daily newspapers that are struggling these days. Boston Phoenix publisher Stephen Mindich announced today that the 47-year-old alt-weekly is ceasing publication immediately:
As everyone knows, between the economic crisis beginning in 2007 and the simultaneous radical changes in the media business, particularly as it has affected print media advertising, these have been extremely difficult times for our Company and despite the valiant effort by many, many past and current staff to attempt to stabilize and, in fact, reverse our significant financial losses, we have been unable to do so and they are no longer sustainable.
For the moment, the Providence and Portland Phoenixes will continue to operate "as long as they remain financially viable," but today's announcement is sure to exacerbate pangs of job insecurity at alt-weeklies nationwide. You know, except here at The Stranger. Because we're invincible!