Cincinnati-based Scripps announced in early December that they would be selling or shutting down The Rocky Mountain News in Denver. The deadline for finding a buyer has passed with no word on the fate of the paper.
The Denver Newspaper Agency, which prints the paper, set the deadline of Jan. 16 in response to requests from the unions which represent their workers.
Scripps officials could not be reached by the Denver Business Journal or the Denver Newspaper Agency on Friday.
Click here to read more about the initial announcement.
It’s not quite as bad as a pink slip from an unexpected layoff, but the latest action at the troubled Cincinnati Enquirer certainly isn’t good news for its workers.
National Public Radio announced Wednesday that they were cutting their workforce by 7 percent. This in an effort to made their budget, which was projected in July to create a $2 million deficit but, after the steep downturn in the economy, was projected to reach $23 million.
Day to Day and News & Notes will both be cancelled, and other jobs will be eliminated throughout the organization.
E.W. Scripps announced Thursday that they have put The Rocky Mountain News up for sale. According to their web site, The Rocky is Colorado's oldest newspaper, approaching its 150th anniversary.
Scripps has projected a $15 million loss for the paper this year. If a buyer doesn't come forward in the next four to six weeks, it will be shut down. The closing could take place as soon as early 2009.
As expected, the ax fell quickly at The Cincinnati Enquirer this week as its parent company demands mass layoffs before year’s end.
I've been amused by the ads and notices running in The Enquirer lately promoting increased availability of the Nov. 5 Enquirer featuring the front page announcing that Barack Obama had won the presidency. Apparently they've had to go back and reprint more copies of that issue due to local folks' interest in having the paper as a keepsake.
The funny part, of course, is that The Enquirer endorsed John McCain for president. In other words, they told us not to vote for Obama, and after we ignored them and voted for him anyway they now want to sell us the paper that announced they were wrong and we were right. They're also selling coffee mugs and T-shirts printed with that Nov. 5 front page.