Denver Dailies Call It a Draw And Enter JOA

The owners of the Denver Post and the Denver Rocky Mountain News disclosed plans to forge an equally owned holding company that would combine all of their noneditorial operations, such as advertising, circulation, production and distribution. The Rocky Mountain News, owned by the Cincinnati media ho...

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Bibliographic Details
Published inThe Wall Street journal. Eastern edition
Main Author By James P. Miller and Matthew Rose
Format Newspaper Article
LanguageEnglish
Published New York, N.Y Dow Jones & Company Inc 12.05.2000
EditionEastern edition
Subjects
JOA
Joint operating agreements
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Summary:The owners of the Denver Post and the Denver Rocky Mountain News disclosed plans to forge an equally owned holding company that would combine all of their noneditorial operations, such as advertising, circulation, production and distribution. The Rocky Mountain News, owned by the Cincinnati media holding concern E.W. Scripps Co., has pushed its circulation sharply higher in recent years wtih the help of financially punishing promotions; it now has daily circulation of 446,465. Despite its rapid growth in circulation, the News has generated "sustained and irreversible" operating losses totaling $123 million since 1990, the two companies contend, and as a result the Scripps paper is in "probable danger of financial failure." The Post, the companies said, has been consistently profitable during the same period.
ISSN:0099-9660