The Queens Tribune, a weekly started nearly 50 years ago by longtime Congressman Gary Ackerman is searching for new financing.

“It’s another sad day for print journalism,” said Ackerman — in response to a rumor the newspaper was in trouble. He and his partners had sold the publication to an investment group in April.

Ackerman started the publication in 1970 as a monthly known as the Flushing Tribune but quickly reflagged it and turned it into a tabloid weekly known as the Queens Tribune. In recent years, he had run it with Michael Nussbaum. In April of this year, it was sold to the investment group Ocean Gold Media, headed by CEO Andrew Holt.

The new owners switched from a tabloid to a broadsheet format. As of Tuesday, the Web site is still up, but they cut back the print run and most of the staff has been furloughed.

“Our team took over a publication with over a million dollars in debt and on the brink of bankruptcy,” Holt told Media Ink. “We are very proud of the work we did in overhauling the Tribune, and are hopeful there will be a positive resolution shortly.”