Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

Thursday, February 26, 2009

Last Day for the Rocky



With today's edition, the Rocky Mountain News in Denver ceases publication.

The newspaper was closed by Scripps after the company lost $16 million in 2008 and was unsuccessful in finding a buyer. "Rocky silenced 55 days short of 150th birthday," the newspaper said on its front page. In a commemorative wrap, the newspaper bid "Goodbye to Colorado" in a note framed by an image of the Rocky's first edition in 1859. The Rocky's Web site features a collection of front pages.

The closure leaves Denver with one newspaper, The Post, which devoted three-quarters of today's front page to the "sudden end to a good friend." In 2001, the Rocky and the Post joined forces in a joint operating agreement.

In writing its obituary, the Rocky described its past: "The Rocky was founded in 1859 by William Byers, one of the most influential figures in Colorado history. Scripps bought the paper in 1926 and immediately began a newspaper war with The Post. That fight ebbed and flowed over the course of the rest of the 20th century, culminating in penny-a-day subscriptions in the late '90s. Perhaps the most critical step for the Rocky occurred in 1942, when then-Editor Jack Foster saved it by adopting the tabloid style it has been known for ever since. Readers loved the change, and circulation took off."

But the Rocky's editor, John Temple, wrote today about current circulation and advertising challenges and "Why Denver can't support two newspapers."

In its goodbye note, the Rocky looked back at its history and ahead to the unknown future of news: "To have reached this day, the final edition of the Rocky Mountain News, just 55 days shy of its 150th birthday is painful. We will scatter. And all that will be left are the stories we have told, captured on microfilm or in digital archives, devices unimaginable in those first days."

Tuesday, February 10, 2009

Nothing but The Truth

The RV capital of the country, Elkhart, Ind., got a visit from Barack Obama on Monday, as the president pushed for passage of an economic stimulus package. "Who was that guy with Obama?" asked the city's daily newspaper, The Truth. It was Ed Neufeldt, a 62-year-0ld laid-off RV worker chosen to introduce the president during an appearance before 2,000 people at a high school.

Neufeldt believed he was chosen to do the introduction because he earlier was featured on ABC News doing volunteer work at his church.

From the small city with double-digit unemployment, Neufeldt said he hoped the attention from Obama's visit would help his fellow unemployed get back to work.

In the quote of the day, Neufeldt told the newspaper: "It's a new world for me. I feel like Joe the Plumber, except I'm Ed the Unemployed."

An extra edition was published by the The Truth on Monday and included in Tuesday's newspaper.

Monday, December 29, 2008

What Went Wrong?

In a three-part series about the "origins of the economic crisis," The Washington Post publishes a narrative about AIG. Today's first part, called The Beautiful Machine, covers events and characters from 1987-1998. The series is written by Robert O'Harrow Jr. and Brady Dennis. Today's installment was among the most viewed stories on the Post Web site.