After losing $11 million dollars in 9 months, the E.W. Scripps Company decided to sell the Rocky Mountain News. Founded in 1859, the Denver publication is the company’s largest newspaper and Colorado’s oldest continuously operated business.
Mark Contreras, the Sr VP for newspapers at Scripps told the NYT the company would assess interest in a sale in mid-January. There are no plans to cut staff in the short term. He said Scripps, which closed The Cincinnati Post last year, doesn’t plan to sell its other papers in 14 markets, which are profitable.
