Thursday, April 23, 2009

INDenver Times fails to reach 50,000 subscriber goal

The founders of INDenver Times announced
 today 
that 
they 
did
 not 
meet 
their 
initial 
goal 
of 50,000
 subscribers 
and
 will 
not
 pursue 
the 
original
 business 
model 
past
 today’s
 self‐imposed
 deadline.



On
 March
 16,
 30 
journalists
 from
 the Rocky
 Mountain 
News 
 and 
three 
Denver entrepreneurs
 announced
 the 
creation 
of 
INDenverTimes, 
an
 online, 
real‐time local 
news 
source 
formed
 to 
keep
 the
 spirit 
of 
the 
Rocky 
alive. Today,
 April 
23, 
would
 have
 been 
the
 150th 
anniversary
 of 
the 
Rocky 
Mountain 
News,
 which
 closed
 its 
doors
 Feb. 
27.


INDT
 will 
not 
charge 
subscribers’ 
credit 
cards
 on 
May 
4 
as 
initially 
intended.

 A
 decision about 
the
 future
 of 
the
 INDT
 Web site will 
be 
forthcoming.


The
 entrepreneurial
 backers
 of 
INDenverTimes 
intend
 to
 move
 forward
 to
 adapt 
the
 business
 model.



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