Another Newspaper goes out of Business
The Rocky Mountain News, a Denver institution for
150 years, publish its last issue this past week.
A three-month long effort to sell the property proved futile and only bore one prospect, and the potential
buyer backed away quickly after learning that it would cost about $100 million “just to stay in the game,” said
Rich Boehne, chief executive officer of E.W. Scripps Co. “The industry is in serious, serious trouble,” he told
staffers assembled in the Rocky’s newsroom.
Dozens of Newspapers have gone out of business recently as they see their readership and ad revenue drop. The advent of
computers and the internet and other portable electronic devices that can go on line and read the news from around the world
for free has put a cloud over the Newspaper business that they may never recover from.
The San Francisco Chronicle is on life support, the NT Times and the LA Times may soon be in the same boat.
The writing is now on the wall and in cyberspace, and someday soon, Newspapers may be a thing of the past. And I will miss
my morning paper with my coffee when that day comes.
Several publications have been contemplating charging people to view their online content, in fact Newsday has announced
that they are going to start charging those who want to read their publication online.
If online charging turns out to be successful, others publications are sure to follow Newsday's lead.