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The Boston Phoenix, the groundbreaking alternative weekly that in recent years had carried the work of cartoonists ranging from Matt Bors and David Sipress to Karl Stevens and Brian McFadden, has closed after nearly five decades.
The announcement was accompanied Thursday afternoon by a tweet saying, “Thank you Boston. Good night and good luck.” The current issue, dated March 15, will be the last; a final online edition will appear March 22. Executive Editor Peter Kadzis told The Boston Globe that about 40 employees will be let go within the week with another 10 following soon afterward. There will be no severance pay.
In a statement circulated Thursday to staff members and reposted on the Phoenix’s website, Publisher Stephen M. Mindich attributed the closing to a combination of the economic crisis, changes in the media industry and a decline in advertising. Just six months ago the company changed to a magazine format in an effort to attract more advertisers.
“We are a textbook example of sweeping marketplace change,” Kadzis said in a statement. “Our recent switch to a magazine format met with applause from readers and local advertisers. Not so — with a few exceptions — national advertisers. It was the long-term decline of national advertising dollars that made the Boston Phoenix economically unviable.”
Its sister publications The Portland Phoenix in Maine and The Providence Phoenix in Rhode Island, will remain open.