 Scripps executive delivering bad news and good news. The good news is that his schwanz is huge.
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Rocky Mountain News to close, publish final edition Friday : Rocky for sale : The Rocky Mountain News — This year will be the death knell for paper after paper.
Executives from E.W. Scripps Co., announce their decision on the future of the Rocky Mountain News in the 150-year-old newspaper’s newsroom on 2/26/09 in Denver. In December 2008, the Rocky’s parent company put the paper up for sale, citing multi-million dollar annual losses.
The Rocky Mountain News publishes its last paper tomorrow. Rich Boehne, chief executive officer of Rocky-owner Scripps, broke the news to the staff at noon today, ending nearly three months of speculation over the paper’s future.
“People are in grief,” Editor John Temple said a noon news conference.
But he was intent on making sure the Rocky’s final edition, which would include a 52-page wraparound section, was as special as the paper itself. “This is our last shot at this,” Temple said at a second afternoon gathering at the newsroom. “This morning (someone) said it’s like playing music at your own funeral. It’s an opportunity to make really sweet sounds or blow it. I’d like to go out really proud.”
Found by Wayne Bronikowski.
It won’t be long now. The printed word will become more and more of a rarity. Watch out Winston Smith, the ministry of truth has just erased your records and you’re scheduled for termination.
I hope at least some libraries survive. Or the next time the sun has a fit we can kiss our ‘culture’ good-bye. Only the smallest fraction of our current technology can withstand EMP.
# 21 amodedoma said, “Or the next time the sun has a fit we can kiss our ‘culture’ good-bye. Only the smallest fraction of our current technology can withstand EMP.”
Naw, data on HDs would mostly survive.
So when will The New York Times fold? Are they going to keep getting money from Mexican billionaires to stay afloat? Won’t the Mexicans complain about how money is being drained from their economy and going North?
Other contributing factor in the demise of papers is that they are deep in debt. Back when it was fashionable, companies pull all of the cash out of a company and then saddle it with debt. There are no reserves because they always project increasing revenue to service the debt.
The problem with this is that it leave a paper no room to maneuver or innovate. They were bled dry by their owners and now they don’t have the strength to fight when they really need it.
Shortsighted ownership and a fundamental change in the way news is consumed leaves them dead.