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Revolving Door Newsletter: 02.27.09

Rocky Mountain News Folds, Hallmark Shutters Mag, Web Site

February 27, 2009
Just 55 days short of its 150th anniversary, the Rocky Mountain News is no more: The paper published its final issue today. It has been for sale since December, but no buyers emerged. (There was one, but after learning it would cost $100 million to keep the paper afloat, the unnamed company -- wisely -- backed off.) Scripps lost $16 million on the News in 2008, and projections for 2009 were worse. Readers expressed their support on the paper's Web site, but the advertising climate couldn't support two dailies in Denver. The Denver Post, which took on some Rocky Mountain News staffers, is now ...

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