James O’Shea, founder, editor, and CEO of the Chicago News Cooperative, announced Monday that CNC was suspending operations because of a lack of funds. This decision was reported over the weekend by the Reader. O’Shea’s letter to readers:
As you might have heard or read by now, the Chicago News Cooperative is suspending its contributions to the Midwest pages of the New York Times and its website effective February 26 so we can reassess our operations and determine if there is a more sustainable path to the future.