By Paul Gillin | February 26, 2009 - 3:45 pm - Posted in Business News, Layoffs, NewMedia

 

Rocky Mountain News

The R.I.P. column just got one name longer.

The Rocky Mountain News, a Denver institution for 150 years, will publish its last issue tomorrow.  A three-month long effort to sell the property yielded only one nibble, and the prospective buyer backed away quickly after learning that it would cost about $100 million “just to stay in the game,” said Rich Boehne, chief executive officer of E.W. Scripps Co. “The industry is in serious, serious trouble,” he told staffers assembled in the Rocky‘s newsroom (above, Rocky Mountain News photo).

The news came as no particular surprise, given that the deadline set by Scripps in December was drawing near and no buyers had announced their intentions.  In a Web 2.0 twist, staffers live blogged the meeting. Staffers will be paid through April 28.  The newspaper had 220 newsroom employees as of early December. No word yet on how many will lose their jobs. Meanwhile, tomorrow’s issue will no doubt be a collectors item.

More as the analysis and eulogies rush in. (Thanks to Robert Alexander for the tip)

Comments

comments

This entry was posted on Thursday, February 26th, 2009 at 3:45 pm and is filed under Business News, Layoffs, NewMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

10 Comments

  1. February 26, 2009 @ 4:29 pm



    Well here we are. The largest metro to fail thus far.
    I’m afraid before the year is out your RIP column will be full :(

    Posted by MA
  2. February 26, 2009 @ 7:18 pm



    [...] yielded only one nibble, and the prospective buyer backed away quickly after learning that Read More|||The Dean Singleton-owned Denver Post immediately snapped up more than a dozen Rocky Mountain News [...]

  3. February 26, 2009 @ 10:37 pm



    [...] yielded only one nibble, and the prospective buyer backed away quickly after learning that Read More|||Like the way the Titantic band played until its feet got wet, there%26#39;s something romantic [...]

  4. February 26, 2009 @ 10:46 pm



    Erratum.
    Not 150 years, but 149.6 years. Just a few months short of its 150th.
    So sad.
    The better paper (I received both every day) dies.

    My prediction: Dinky Singleton will declare bankruptcy within a few months.

    Posted by Dave Barnes
  5. March 2, 2009 @ 3:12 am



    i’m curious what this ‘no buyers’ stuff is about. what determines the bottom price, and isn’t something better than nothing?

    Posted by Peter
  6. March 2, 2009 @ 2:33 pm



    When the Denver Post / RMN partnership began with the fine new German press:

    1. Too many union members fought each other
    2. The Germans helped for almost 2 years with the daily production.
    3. Both owners had different agendas and could not bridge the Republican-Democrats gap. Too many fights for power.

    Just like here in NC “just another one “detailpaper” bytes the Internet dust”. People want several colors of the society rainbow. We have up to 14 printed free weekly and monthly publications. They stay alive and prosper. Why not the old fashion NEWSPAPERS ????
    Classic fight editorial the add people, the sports people the living department………..

    Posted by Doc Hecky
  7. March 8, 2009 @ 2:48 am



    GOOD RIDDENS for 15 years they wouldn’t place my classified ad. Now look where they are at. right where they need to be out of business

    Posted by kevin davis
  8. March 12, 2009 @ 3:21 pm



    [...] Rocky Mountain News [...]

  9. March 20, 2009 @ 1:08 pm



    Kevin Davis, you’re a fuckin idiot. Did you even attempt to pay for your classified ad, moron? Oh and by the way, the correct phrase is “good riddance”

    FUCKING DUMBSHIT YOU MAKE ME SICK GO DIE

    Posted by Darwin
  10. September 26, 2011 @ 5:17 am



    [...] summit, becoming a national reporter and foreign correspondent for the Rocky Mountain News. When the Rocky abruptly shut down nearly three years ago, he went searching for his childhood dream: To run a community [...]