Uh-oh! HX Media’s in an awfully bad way. The New York-based company tried expanding their reach last year when they took over Boston’s In Newsweekly, now called the New England Blade. The move was definitely a gamble – and doesn’t seem to be paying off.
Rumor has it that the paper has received an eviction notice for not paying their rent, the staff has been asked not to cash their paychecks and distributors haven’t been paid in two months. HX founder Matthew Bank reportedly flew up there recently to reassure staffers that their jobs are safe. We wonder if those people remember April’s staff shake-up.
HX Media doesn’t have the best track record in pioneering into new territories – HX Philadelphia folded earlier this year.