World Picture News (WpN) shuts down

After five years in New York city and hundreds of contributing photographers in 70 countries the World Picture News shuts down.
In an email to their photographers, Brian J Miller, WpN's CEO, wrote "WpN is another victim of the severe economic downturn, along with most of our clients and many of you. Our assignment revenue has dropped dramatically in the last five months and it simply does not make financial sense to continue supporting the losses we are sustaining with no improvement in sight. "
WpN management is keeping their website online and plans to continue selling their archive.