Like newspapers through the nation, the Rocky has suffered from a weak advertising market and as readers increasingly turn to the Internet to get their news. Scripps last month told Wall Street that it had eliminated 400 jobs across its newspaper division and suspended its dividend in the face of advertising weakness.
The company expects the Rocky to lose roughly $15 million this year.
* UPDATE: The Official Announcement.
— TJ Sullivan in LA
No comments:
Post a Comment
All comments are appreciated, especially those that inspire spirited-but-courteous discussions. Your comment will be reviewed before it is posted on the site.
Anonymous comments are not permitted. I put my name on what I say here, so I hope you don't mind doing so as well.