News Cycle

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Scripps Sets Friday Deadline for Rocky Mountain News Bid

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E.W. Scripps Co has placed a Friday deadline for receiving offers for the purchase of the Rocky Mountain News in Denver. Unfortunately, there are not many suitors lining up to buy the 150-year-old newspaper giant.

Steve Raabe of the Denver Post reports:

Wednesday’s announcement, made among increasing speculation about the future of the News, marks the first time that Scripps has set a specific deadline for dealing with the 150-year-old newspaper.

The Cincinnati-based media company had said last month that it would try to sell the News through mid-January, at which time it would explore other options that could include shutting down the paper.

Many newspaper analysts have said that the chances of selling the News are slim.

Scripps officials have said a handful of parties have expressed interest in the News, although they have released no information on the prospective buyers’ identities or financial qualifications.

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Written by newscycle

January 15, 2009 at 1:25 pm

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