The Future of Print

Rocky Mountain News to close, publish final edition Friday

Posted in Doom, Stop the presses by futureofprint on February 26, 2009

The Rocky Mountain News publishes its last paper tomorrow.

Rich Boehne, chief executive officer of Scripps, broke the news to the Rocky staff at noon today, ending nearly three months of speculation over the paper’s future. He called the paper a victim of a terrible economy and an upheaval in the newspaper industry.

“Denver can’t support two newspapers anymore,” Boehne told staffers, some of whom cried at the news.

On Dec. 4, Boehne announced that Scripps was looking for a buyer for the Rocky and its 50 percent interest in the Denver Newspaper Agency, the company that handles business matters for the papers, because it couldn’t continue to sustain its financial losses in Denver. Scripps said the Rocky lost $16 million in 2008.

“This moment is nothing like any experience any of us have had,” Boehne said. “The industry is in serious, serious trouble.”

via RockyMountain News

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