End Of The Line For Rocky Mountain News; Misses 150th Birthday By Two Months
This story was written by David Kaplan.
Just two months shy of its 150th birthday, EW Scripps (NYSE: SSP) will close Denver's Rocky Mountain News, the paper reported (via Romenesko). In December, Scripps said it would fold the paper unless it could find a buyer. Considering the woeful state of the newspaper market in general these daysand Scripps' $16 million losses at The Rocky last year closure seemed almost inevitable. In mid-January, hopes were raised at the paper when an potential buyer expressed interest. But it was not to be. The buyer was turned away for what Scripps said was the inability of the proposed purchaser to offer a "viable plan." About 400 staffers will lose their jobs as a result. More to come
By David Kaplan