Colorado's oldest newspaper, the Rocky Mountain News, is shutting down today, and industry analysts say it won't be the last to be pulled under by a rising tide of financial woes.
E.W. Scripps announced yesterday that it is closing the 150-year-old Rocky, which has won four Pulitzer Prizes in the last decade, leaving Denver, like most American cities, a one-newspaper town.
These are dark days for the struggling news business. Hearst threatened this week to close the San Francisco Chronicle unless major budget cuts are imposed or a buyer is found, and is also prepared to close the Seattle Post-Intelligencer if it cannot be sold. The Philadelphia Inquirer and Daily News filed for bankruptcy protection this week, joining Chicago's Tribune Co. and the Minneapolis Star-Tribune in Chapter 11 status.
Full story in the Washington Post