-30-: There will be a Tuesday issue of the New York Sun—but it will be the final edition. Seth Lipsky, president and editor,  told staffers in a newsroom meeting Monday 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.” It didn’t help that the Sun‘s push for funding came during a time that “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.”

Original: Barring some 11th hour miracle, it looks like the New York Sun is finished. The NYC daily, launched in 2001, printed its last edition today, as nobody stepped in to throw it a lifeline. Just last week, the company said that while it had raised some money, it still needed plenty more. A memo sent out to freelancers, obtained by Gawker, confirms that the last edition was printed today. A Sun freelancer confirmed the memo to us, and says it was one of a number sent out last week, indicating that the paper was done. The Sun’s woes aren’t much different than any other print paper. Except it never really achieved any sort of critical mass, and was never profitable in its 6.5 years. It’s also worth mentioning that the paper never had a progressive digital strategy—not that that would’ve likely made a difference. The New York Post notes that the paper had been losing about $1 million per month and that its existing investors were done financing it. Remind us to pick one up when we break for lunch.

Update: Don’t lock the casket just yet. The paper is still hoping to get last minute funding, as a spokesman told Reuters that there will be a paper tomorrow. It also means one more day of Sun “rising”, “setting” and “shining” puns.

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