Finances – MOSAEC

John Thornton, Venture Capitalist Who Founded The Texas Tribune, Dies at 59

An idealist, he founded The Texas Tribune, a model for nonprofit grass-roots news organizations nationwide, and the American Journalism Project, which supports them.

By Alex Williams

Binder, David Brooklyn (NYC) Brooklyn Academy of Music Cassello, Amy Clark, Katy (1968- ) Culture (Arts) Davis, Helga Duncan, Gina Finances Hopkins, Karen Brooks Lichtenstein, Harvey Melillo, Joseph V Music Next Wave Festival

The Brooklyn Academy of Music Is Fighting to Regain its Mojo

America’s oldest performing arts venue does not draw the attention or audiences it once did. Now it has lost another leader as it works to adjust to an uncertain future for cultural institutions.

By Robin Pogrebin

Armstrong, Richard (1949- ) Art Beckwith, Naomi Brooklyn Museum Finances Guggenheim, Solomon R, Museum Krens, Thomas Layoffs and Job Reductions Museums Prices (Fares, Fees and Rates) Westermann, Mariet

Guggenheim Lays Off 20 Employees as Financial Challenges Persist

The museum has suffered from rising costs and lower attendance. The cuts followed those at the Brooklyn Museum, which trimmed 10 percent of its staff this month.

By Zachary Small and Charlotte Burns

Bankruptcies Finances Hudson (Ohio) Jo-Ann Stores Mergers, Acquisitions and Divestitures Shopping and Retail

Joann, 80-Year-Old Crafts and Fabrics Retailer, Will Close All Stores

The announcement that the chain would close all 800 of its stores in 49 states comes after a period of financial turmoil.

By Sara Ruberg