Newspapers — Not A Growth Industry Part II

Rocky Mountain Lows

Rocky Mountain Lows

The Colorado daily Rocky Mountain News is going out of business. This is tough news for the oldest daily in the state, but I fear there’s going to be more and more stories like this coming in 2009.

From the farewell editorial:

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. But what was present in the paper then and has remained to this day is a belief in this community and the people who make it what it has become and what it will be. We part in sorrow because we know so much lies ahead that will be worth telling, and we will not be there to do so.

Sad stuff for those who still love the old guard, but if 2009 is as bad as everyone says it could be, you might see more and more newspapers collapsing due to strangled ad revenues and serious cash flow problems.

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