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9/27/2008 Athens, Greece

Dear Friends and Colleagues,

After nearly 57 years in circulation, the Athens News is under threat of closure. On September 25 it was announced to us by the Lambrakis Press, which has managed this newspaper since it entered the Lambrakis Foundation in 1993, that it will wind up the operation, possibly as early as Friday 3 October.
 
We are currently engaged in an effort to extend that deadline in order to find new investors to take over the title, archive and books. But it is impossible for any serious investor to carry out due diligence and responsibly and formally register their interest to our current owners within a week. We need an extension of at least a month, in which to make contact with the various potential investors currently reviewing our balance sheet and business plan.
 
We feel that a move to pull out the rug from under an independent newspaper which has served the thinking public since 1952 should not stand. We are therefore appealing to you, the community we exist to serve, to write an open letter to our publisher, Christos Lambrakis, under copy to us, appealing for an extension and presenting the case, as you see it, for our continued existence under a new owner.
 

Please send your letters to johnp@dolnet.gr for publication and forwarding.

 
Thank you.
 
John Psaropoulos
Editor
Athens News

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