Rocky Mountain News to closePosted by Inside Hoops
The Denver Nuggets are covered by two main newspapers, the Denver Post and the Rocky Mountain News. The latter, which features fantastic writer Chris Tomasson, is closing in a mere 24 hours. This news obviously stretches way beyond basketball, but in terms of Nuggets coverage this is awful. The Rocky Mountain News reports the following, on themselves:
The Rocky Mountain News publishes its last paper tomorrow. 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 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, because of financial losses in Denver. Scripps said the Rocky lost $16 million in 2008.
Print media continues to lose readers and business to the internet (where you can also find the print product available free of charge). The current very bad economy is affecting businesses around the country and world. These factors and more spell gloomy days for the newspaper business for months and possibly years to come.