Tuesday, March 17, 2009

Rocky times in the past, Denver Post looks to future

The News’ fate is decided, but the Post’s future remains uncertain as it struggles toward profitability.

“The Denver market can sustain one newspaper but, as we’ve seen, it cannot sustain two newspapers,” said William Dean Singleton, the Post’s publisher and CEO of its owner, Denver-based MediaNews Group Inc. His paper, too, is suffering heavy losses, and MediaNews is saddled with significant debt.

The News was leading the Post in circulation in the Denver area by better than 10 percent, and as of late 2007 was turning a profit. But Scripps wanted out of Denver nonetheless.

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