UPDATE: “City Opera’s board voted Thursday to start bankruptcy proceedings next week and wind down the company’s affairs if it fails to raise $7 million by Monday…. If no one steps in to save the company, its current production of Mark-Anthony Turnage’s Anna Nicole… could be City Opera’s final performance.” [New York Times]

EARLIER: New York City Opera… says it likely will fail in its goal to raise $7 million by Monday, the deadline it set for suspending the bulk of its 2013-14 season.” [Washington Post]