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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. [Click for MORE]
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The "live" blogging is at:
http://www.rockymountainnews.com/news/2009/feb/26/live-coverage-official-announcement-rocky/
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