The broadsheet, which is backed by investors including Lord Conrad Black, will initially carry between 12 to 18 pages and will have a distribution of around 60,000.
The paper has signed up around 20 staff to put the paper out Monday through Friday, including editor Seth Lipsky, a former Wall Street Journal editor and reporter, and managing editor Ira Stoll, who currently edits Smartertimes.com. The two formerly worked together at The Forward, the English-language successor to the Jewish Daily Forward.
The launch has attracted a number of staffers from recently defunct titles, including journalists from shuttered media website Inside.com and several staffers from Tina Brown's failed Talk magazine.
According to Lipsky, the editorial slant of the paper will be down the middle while the opinion pages will be "center right". The paper has said that it will offer its readers priority coverage of New York City, which it claims is absent from the city since The New York Times moved to become a national paper.
Among the contributing editors signed up for the paper are Peggy Noonan, a former Reagan speechwriter, and R Emmett Tyrell, founding editor of The American Spectator.
According to Lispky: "We will seek an audience in all five boroughs and will aim to produce a newspaper for serious New Yorkers who are participants in the political, commercial, cultural, sporting and spiritual life of this city."
The New York Sun will be owned by SL LLC, a company established in September by Lipsky and Stoll and backed by a group of mostly New York investors.
As well as funds from Lord Black, the paper is being backed by prominent New York investors, including Michael Steinhardt, a former hedge-fund star, and current hedge-fund manager Bruce Kovner, as well as Russell Carson and Joseph Steinberg, who are well-known buyout investors.
The New York Sun was last published on January 4 1950 and originally began publication on September 3 1833 from when it evolved into one of the US's most influential and revered publications.
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