Rocky Mountain News to Close

The bad news for the newspaper and magazine industry has become a relentless onslaught. The latest victim is the Rocky Mountain News, according to a report in the New York Times.  Corporate owner E.W. Scribbs couldn’t find a buyer (and who would buy a newspaper that lost $16 million last year?) so it will be shutting the Rocky down.  The Denver-based paper will probably lay-off almost all of its 220 employees about two months shy of newspaper’s 150th anniversary.

The Seattle Post-Intelligencer is already on the brink as well as the San Francisco Chronicle.  Paul Gillin’s Newspaper Death Watch blog now lists nearly a dozen newspaper that have folded since 2007, including the Baltimore Examiner and the Cincinnati Post. We’re living in strange times when information is flowing like never before, but the stalwarts of information gathering – our newspaper industry – have failed to adapt to the way news is delivered via the Internet.  They are paying the ultimate price for that.

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