The Rocky Mountain News is on the sale block, facing an uncertain future as Colorado's oldest newspaper approaches its 150th anniversary.
The head of Cincinnati-based E.W. Scripps, the Rocky's owner, acknowledged in making the announcement Thursday that if a buyer does not step forward in the next four to six weeks that the paper could be closed — a move that could occur as soon as early 2009.
"We're not here today to close the paper," Rich Boehne, president and chief executive of Scripps, told staffers gathered in the newsroom late Thursday morning. "We're here today to say the status quo is not going to work."
Scripps expects the Rocky to lose $15 million this year, Boehne said.
Rocky Mountain News