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Rip Rocky Mountain News 1859 2009

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by Jeff Bercovici
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Feb 26 2009 2:58pm EDT

R.I.P. 'Rocky Mountain News,' 1859-2009

It's a bad, bad time to be a money-losing newspaper. E.W. Scripps Co. just announced that it will shut down the Rocky Mountain News after failing to find a buyer for the 150-year-old paper.

Scripps said in December that it hoped to sell the Rocky, which is published in a joint operating agreement with MediaNews Group's Denver Post. But no buyer could be found with a serious plan for turning around the paper's losses, which totaled $16 million last year.

The Rocky's demise could be the first in a series for big-city dailies. Hearst is threatening to close the San Francisco Chronicle unless it can sell the paper or force its union into accepting deep cuts. Another Hearst paper, the Seattle Post-Intelligencer was given 60 days to find a buyer or shut down. That deadline arrives early next month.

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