Denver Post's Decision to Sell Stake in Colorado Rockies Not Sign of Financial Turmoil, CEO Says
Posted: 11/16/2012 | 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.