The Rocky Mountain News is folding. The last edition is Friday.
Rocky Mountain News to close, publish final edition Friday Rocky Mountain News Published February 26, 2009 at 12:01 p.m.
Updated February 26, 2009 at 3:02 p.m.
Joe Mahoney © The Rocky
Executives from E.W. Scripps Co., announce their decision on the future of the Rocky Mountain News in the 150-year-old newspaper’s newsroom on 2/26/09 in Denver. In December 2008, the Rocky’s parent company put the paper up for sale, citing multi-million dollar annual losses.
Photo by Joe Mahoney © The Rocky Rich Boehne, CEO of E.W. Scripps Co., announce their decision to close the Rocky Mountain News in the 150-year-old newspaper’s newsroom on 2/26/09 in Denver. In December 2008, the Rocky’s parent company put the paper up for sale, citing multi-million dollar annual losses.
Photo by Darin McGregor © The Rocky
A man stops to read the ticker on the outside of the Denver Newspaper Agency building announcing that the Rocky Mountain News is closing and that it will publish its last edition on Friday. Photograph taken in Denver Thurs. Feb 26, 2009.
The Rocky Mountain News publishes its last paper tomorrow.
Rich Boehne, chief executive officer of Rocky-owner Scripps, broke the news to the staff at noon today, ending nearly three months of speculation over the paper’s future.
“People are in grief,” Editor John Temple said at a news conference later.
Boehne told staffers that the Rocky was the victim of a terrible economy and an upheaval in the newspaper industry.
“Denver can’t support two newspapers any longer,” Boehne told staffers, some of whom cried at the news. “It’s certainly not good news for you, and it’s certainly not good news for Denver.”
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. The move came because of financial losses in Denver, including $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.”
At a news conference later, Editor John Temple said he was optimistic about the future of journalism but added that newspapers would be “radically different” in the future. He said he had no plans for his own future, although Boehne said Temple has a job with Scripps if he wants it.
Boehne said there was an out-of-state nibble from only one potential buyer, who withdrew after realizing that it would cost as much as $100 million “just to stay in the game.”