“The Rocky will forever be remembered for its vital role in the city’s history and the city’s success,” said William Dean Singleton, chairman and publisher of The Post and CEO of MediaNews. “Although we competed intensely, the talented staff of the Rocky earned our respect with each morning’s edition.”
The Rocky Mountain News had been for sale but no buyers came forward forcing it’s demise. The paper lost $16 million last year as the ad revenue slumped and readers began turning away for Internet news services.
In the past 2 and a half months 33 United States daily newspapers have found themselves seeking Chapter 11 to survive. Many of those newspapers are on the market now looking for buyers.
Just this past weekend saw New Haven (Connecticut) Register publisher Journal Register Co. and by the owners of The Philadelphia Inquirer and the Philadelphia Daily News. filing for bankruptcy.
In December newspaper heavyweight Tribune Co. filed for the protection that Chapter 11 offers.
Earlier this week Hearst Corporation announced that it will have to close or sell the San Francisco Chronicle if they can’t reduce the costs within just a few weeks.
Scripps CEO Rich Boehne said that the Rocky Mountain News staff will be paid through April 28. There are about 200 employees. 10 staffers have been hired by The Post. Scripps has owned the paper since 1926.
During the long history of the paper the world has changed. First covering the mining rush and the Indian Wars the newspaper has been a staple in the Rocky Mountain area.
The Denver Post is now the only daily paper in the Denver area.