Posted by
InchDeep on Thursday, October 02, 2008 1:56:41 AM
From The Great www.nysun.com.
Ideal of the Scoop
Following are excerpts of remarks by the Editor of the Sun, Seth Lipsky, to the newspaper's staff:
It is my duty to
report today that Ira Stoll and I and our partners have concluded that
the Sun will cease publication. Our last number will be the issue dated
September 30, the first day of Rosh Hashanah. I want you to know that
Ira and I, and our partners, explored every possible way to avoid
having to cease publication.
We have spoken with every individual who seemed to be a prospective
partner, and everywhere we were received with courtesy and respect. I
tend to be an optimist and held out hope for a favorable outcome as
late as mid-afternoon today. But among other problems that we faced was
the fact that this month, not to mention this week, has been one of the
worst in a century in which to be trying to raise capital, and in the
end we were out not only of money but time.
So we are at this sad moment. It is sad for any newspaper to go out
of publication, and it is particularly sad for one that is as loved as
much as all of us here love The New York Sun and the readers we have
won in our six-and-a-half years of publication. But I want you to know
that the decision to close the paper has not been an acrimonious one.
It is a logical decision following a hard-headed assessment of our
chances of meeting our goal of profitable publication in the near
future.
This was always a risk, and all the greater is the heroism of our
financial backers. Even at the end they were offering millions of
dollars if we could find the partners we needed. I don't mind saying to
you, as I have to them, that I very much regret — I will always regret
— that we were not able to return to them the capital that they
invested in us. Yet we have not heard a single regret from any of them
on this head, which underscores the fact that it was not only for the
possibility of profit that they invested in this newspaper. They
invested also for other ideals, as well.
They invested in the ideal of the scoop, the notion that news is the
spirit of democracy, and in the principles for which we have stood in
our editorial pages — limited and honest government, equality under our
Constitution and the law, free markets, sound money, and a strong
foreign policy in support of freedom and democracy. They liked the way
the Sun reflected the dynamism of our city and spoke for its interests
in the national debate.
They invested, too, in the joy with which you illuminated the
cultural life of New York, in our willingness to spring to the defense
of so many who are not always defended, in the thrill of our sports
coverage, the verve and warmth of our society coverage, and in our
efforts to bring together a community and give it voice.
Our backers asked me to tell you that they are enormously proud of
what you accomplished, a sentiment that was expressed for all our
partners pointedly in the most recent meeting by our founding chairman,
Roger Hertog. I am sure the reference was not only to our reporters and
editors, who come in for the public attention, but the advertising,
circulation and business departments, whose staffers have gone out
every day into the an environment in which most newspapers are losing
advertising and circulation and yet managed to produce consistent
gains. This month, our last, was a record month for advertising
revenues, which were up more than 60% over the year earlier month and
ahead of the budget goals, with year-to-date advertising revenues up
nearly 25%.
* * *
We have all been taken aback and, I would say, humbled by the surge
of support that has been conveyed since the announcement a month ago
that we might have to close. Mayor Bloomberg, despite our differences
on many issues, was our constant reader and encourager. We had messages
from some of our greatest rabbis, and from His Eminence Edward Cardinal
Egan. Three of New York's former governors spoke of the importance of
the Sun, including Governor Pataki, who called what you have created
"the best paper in New York." Much as I appreciated the remark, I
wouldn't want to make too much of it — for me, it was privilege enough
to be simply one among the newspapers in this magnificent newspaper
town.
Some of the messages that touched me most were readers who sent in
checks, with letters about what the Sun meant to them, and calls or
comments from those with whom we don't often agree on policy. The
Central Labor Council and the president of the teachers union, Randi
Weingarten, or Speaker Quinn or Comptroller Thompson, the Public
Advocate, Betsy Gotbaum, and all the others who talked to our
reporters, or wrote, or called to let us know how much they appreciated
the intelligence, the passion, and the energy you brought to your
beats. I sense in some of my conversations with them that they
appreciated the fact that you covered their important work at all and
that you dealt with them on the substance, and they will miss you as
much as you will miss them.
* * *
It is in the nature of things that there are going to be some jeers
as we go out, as there were when we came in. Do not be discouraged by
this. To those who say to you, "I told you so, I knew you would fail"
you can say this: "No wonder you didn't join us." And you — reporters,
editors, critics, photographers, secretaries, sales executives,
book-keepers, circulation staff, technology geniuses, drivers — all of
you will be able to tell your children and your grandchildren or simply
your friends that not only did you appear in arms in a great newspaper
war but that you did so on your own terms, for principles you believed
in, and worked with some of the greatest newspaper craftsmen and
craftswomen of your generation — and you covered yourselves with
distinction.
At our last board meeting, Ira Stoll mentioned that this is not the
first time he and I have lost a newspaper we loved. We learned, in the
years after the Forward, that one great newspaper adventure can lead to
another, even greater one. As we shook hands after the meeting, Ira
said to me that he wanted just to thank me for giving him these seven
years at the Sun. He said he wouldn't trade them for anything. I
thanked him in return. I couldn't have had a more magnificent partner.
I wouldn't have traded these years for anything, either. Ira and I
thank you all as well. It has been the honor of our lives to have been
in harness with you, and I am positive you all will go on to ever
greater assignments.