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| Scripps putting Rocky Mountain News up for sale |
| 2008-12-05 |
| E.W. Scripps Co. says it's putting the Rocky Mountain News up for sale after losing $11 million on the Denver operation in the first nine months of the year. The newspaper announced the development on its Web site Thursday. Cincinnati-based Scripps has owned the News since 1926. Since 2001, the News has been in a joint operating agreement with The Denver Post, owned by Denver-based MediaNews Group Inc. Rich Boehne, president and CEO of Scripps, says the company's 50 percent share of the joint operating agreement's cash flow "is no longer enough to support the Rocky, leaving us with no choice but to seek an exit." The News was founded in 1859 and is Colorado's oldest newspaper. It has won four Pulitzer Prizes since 2000. |
| Posted by:Fred |
| #5 Agree, OldSpook, but the DP bought out, essentially, the RMN, and by osmosis sucked up all the revenue. We all knew more than 10 years ago it would come to this. That's what the left does--eliminate ALL competition. Just look at socialist/communist/dictatorships, etc. they all do it that way. |
| Posted by: ex-lib 2008-12-05 23:34 |
| #4 both the news and the post are owned by the same company? I'll miss the news because I found it easyer (layout)to read during breakfast at the "Other Side." I won't miss the editorials except the ones by the KOA guy (can't think of the name). |
| Posted by: bman 2008-12-05 11:36 |
| #3 This used to be the "right" paper, as opposed to the left birdcage-liner the Denver compost Post. But now its failing because it went left - its now merely the less left-ish paper in Denver, with some seriously stupid hippies like Mike Littwin writing for it. I would hope a conservative company would take advantage of this to buy and run a conservative newspaper (and fire a lot of the editorial trash). |
| Posted by: OldSpook 2008-12-05 03:24 |
| #2 "Rosebud" |
| Posted by: GolfBravoUSMC 2008-12-05 03:19 |
| #1 How the big boys put out a newspaper. |
| Posted by: Bob Themp8495 2008-12-05 00:56 |