Dec 4, 2008

To catch a falling rock

The JOA wasn't enough... E.W. Scripps Co. has put the Rocky Mountain News up for sale, and everyone is waiting to see if Dean Singleton, owner of the Denver Post, decides to gobble it up.

Cannibalism in the Mile High city? From the RMN:

When contacted about the Rocky news, Denver Post publisher Dean Singleton said he plans to “wait and see what happens. I am not sure there’s much I can say. This is not my story.”

Although The Denver Post is also bleeding money, Singleton declined to say what measures the newspaper was taking to stem its losses.

“We are committed to Denver,” he said.

The U.S. Department of Justice would have to approve any sale of the Rocky to The Denver Post, given the JOA.
JOA = Joint Operating Agreement. In this case a 50-50 split between the two Denver papers.

1 comment:

Anonymous said...

The only thing singleton is committed to is decimating the newspapers he touches.