Wednesday, January 28, 2009

Scripps mum on interest in Rocky

Four days past the deadline set by owner E.W. Scripps Co. to find a buyer for the Rocky Mountain News, the company is maintaining its silence on its plans for the money-losing Denver daily — or if there’s an offer on the table for the newspaper.

Scripps announced Dec. 4 that the 149-year-old News, which it said is losing more than $1 million a month, is for sale. It later set a deadline of Jan. 23 for offers to be submitted to a broker.

Many media analysts have said they doubt a buyer can be found, given historically poor business conditions for the newspaper industry nationwide and the fact that several other newspapers are on the market with little buyer interest.

Scripps has said it would consider other options for the News if no suitable buyer is found, including shutting it down, leaving The Denver Post as the city’s only paid-circulation daily.

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