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Thursday, December 04, 2008

 

Rocky Mountain Low


Send some good thoughts Denver's way today. Our friends at the Rocky Mountain News just found out they're for sale.
Like newspapers through the nation, the Rocky has suffered from a weak advertising market and as readers increasingly turn to the Internet to get their news. Scripps last month told Wall Street that it had eliminated 400 jobs across its newspaper division and suspended its dividend in the face of advertising weakness.

The company expects the Rocky to lose roughly $15 million this year.

* UPDATE: The Official Announcement.

— TJ Sullivan in LA
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