Out of Town News, the newsstand that has offered a cornucopia of newspapers and magazines as a Harvard Square landmark for more than 50 years, could close.
The owners have informed Cambridge officials that they have no plans to renew their lease after it expires Jan. 31. City officials say they are hoping to find another newsstand to take its place, but acknowledge that the business climate is grim as more customers get their news online rather than in print.
“It could be that we’re chasing moonbeams, and we’ll have to look at our re-use options,” said Robert W. Healey, the city manager.
The newsstand occupies the center of Harvard Square and is on the National Register of Historic Places. No matter what happens to the business, city officials say they will keep the building, which is used as much as a meeting place as a place to buy news.