Closing time: The Rocky will shut down just shy of its 150th birthday.
The death knell has been sounded for the Rocky Mountain News, E.W. Scripps’ Denver-area newspaper, which is scheduled to close after Friday’s edition is churned out, no doubt signaling more mayhem to come in the old media world.
The New York Times:
Changing readership habits and increasing competition from the Internet have hit the newspaper industry especially hard, cutting overall circulation sharply over the last decade. Those forces, and the severe economic downturn, have significantly eroded advertising, the primary revenue source for newspapers.
The Rocky has about 230 reporters, editors and other employees in its newsroom. It will close just two months short of its 150th anniversary.