In spite of Ethan Jacobs' report today in Bay Windows, my initial post regarding the New England Blade's growing financial problems has a new twist.The publication's print edition in now on hiatus according to the Blade's site.
Jacobs, an associate editor at Bay Windows, dissects my post in his lede:
"Last week the New England Blade became the subject of rumors on the LGBT blogosphere after local blogger Sam Baltrusis wrote Sept. 24 on his Loaded Gun blog that the paper was facing a financial crisis."
Here's the lowdown from my tipster:
* New England Blade was served an eviction notice from their landlord at 450 Harrison Avenue in the South End.
* The staff has been asked to wait before they cash their paychecks.
* They were told that HX Media in NYC is trying to line up some angel investors to put money into the company.
* Payments to the distributor are rumored to be two months behind which could impede the delivery of tomorrow's paper (which was late, btw).
* HX Media honcho Matthew Bank allegedly flew in from NYC to quell the staff's growing discontent.
James Patterson, the publisher at the New England Blade, tells Bay Windows' Jacobs that the pub is not being evicted ... their lease is merely up and they're in the process of renegotiating.
The publisher declined to comment on the claim that staffers were asked to wait to cash their paychecks, however, he did say the paper has acquired new investors.
Patterson's spin in Bay Windows blames Wall Street for the delay in payments to the distributor.
My thoughts?
If it walks like a gay duck and quacks like a duck, it must be a duck. Sounds like New England Blade's swan song to me.
Click here for the sad news from the former IN Newsweekly.
Also, go here for Bay Window's take on the gay publishing drama.
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