Denver Post’s Decision to Sell Stake in Colorado Rockies Not Sign of Financial Turmoil, CEO Says

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/denver-post-s-decision-to-sell-stake-in-colorado-rockies-not-sign-of-financial-turmoil-ceo-says/
LinkedIn

By: Michael Roberts | Westword

Last week, the Denver Post announced a desire to sell its 7.3 percent stake in the Colorado Rockies — an asset acquired due to the Rocky Mountain News’s 2009 closure. A knowledgeable source tells Westword this move was motivated by dire financial problems at the Post — ones serious enough that they could lead to bankruptcy. But Post CEO Ed Moss denies this assertion while highlighting what he sees as progress in improving the paper’s economics.

Comments:

Your email address will not be published. Required fields are marked *