Embattled newspaper the Denver Post may have found a lifeline this week after a local Colorado group offered a $10 million bid to purchase it.
“If fair terms can be worked out, our committee members have pledged at least $10 million towards a purchase. We understand that ‘patient capital’ will be needed to return the state’s flagship newspaper to sustainability first and then true profitability,” said John Weiss, chair of Together for Colorado Springs (T4CS), a civic organization, in a press statement.
“According to industry reports, the Denver Post is currently profitable,” Weiss added in the same release. “But it is not making enough money to satisfy its current, out-of- state, hedge fund owners. Cutting core staff — not just in the newsroom, but in circulation, marketing, accounting, and throughout the paper — will never lead to the journalism Colorado deserves.”
The New York Times reported about the group’s bid for the paper late Thursday evening.
Since being acquired by the hedge fund Alden Global Capital, the Denver Post has steadily hemorrhaged staff. Where once the paper boasted more than 300 employees, the newsroom in 2018 has shrunk to around 70.
After the latest round of cuts earlier this year, remaining staffers published a blistering editorial attacking their corporate overlords and warning that the paper was in danger of collapsing.
“At The Denver Post on Monday, more than two dozen reporters, editors, photographers, videographers, page designers, digital producers and opinion staff will walk out the door. Our marching orders are to cut a full 30 by the start of July,” read the editorial titled, “As Vultures Circle the Denver Post Must be Saved.”
“These heartbreaking instructions raise the question: Does this cut, which follows so many in recent years that our ranks have shriveled from more than 250 to fewer than 100 today, represent the beginning of the end for the Voice of the Rocky Mountain Empire?” the editorial asked.
Alden did not immediately respond to request for comment from TheWrap about whether they would consider a sale.
Laura Ingraham's 8 Biggest Feuds, from David Hogg to LeBron James (Photos)
Laura Ingraham lost eight sponsors from her Fox News show this week after criticizing Parkland shooting survivor and activist David Hogg. And it's not even the first time she's been at the center of a public feud this year. Here are several recent instances where Ingraham has taken to Twitter or to the air and stirred national attention.
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David Hogg
On March 28, Ingraham tweeted, "David Hogg by Rejected Four Colleges To Which He Applied and whines about it." Hogg then called for a boycott of 12 companies that advertise on Ingraham's show. Eight sponsors in all, Hulu, TripAdvisor, Wayfair, Nutrish, Expedia, Stitch Fix, Johnson & Johnson and Nestle pulled their ads from “The Ingraham Angle.” Ingraham issued an apology, but didn't address the topic on her show and hasn't yet deleted her original tweet. Hogg then told CNN that he plans to put even more pressure on Ingraham and others. “The fact that they’re going after us personally shows that what we’re doing is working. We have them scared and now we have to go even harder,” Hogg said.
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LeBron James
When NBA stars LeBron James and Kevin Durant made some anti-Trump remarks during an interview with ESPN's Cari Champion, Ingraham called James's comments "ignorant" and said, "You’re great players; no one voted for you. Millions elected Trump to be their coach. So keep the political commentary to yourself, or as someone once said, ‘shut up and dribble.'” Her statement earned a strong response from James, even though he said he didn't even know Ingraham's name. “I will not just shut up and dribble,” the Cleveland Cavaliers player said. “So, thank you, whatever her name is … I get to sit up here and talk about what’s really important and how I can help change kids." Ingraham issued a statement that there was no racial intent behind her words and that she has used the expression telling entertainers to "Shut Up" frequently in the past.
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Hillary Clinton
While speaking at the Republican National Convention, Ingraham was criticized for appearing to give the Nazi salute after her speech. She then dragged Hillary Clinton into the controversy, tweeting a collage of photos of Clinton also extending her hand in a similar fashion. "It's Hillary ... hands down!" "Duh … it’s a satiric response to the left-wing criticism of Laura’s wave last night. Desperate liberals,” Ingraham tweeted.
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Paul Ryan
Back in 2015 when Paul Ryan was being considered to be Speaker of the House, he said he would accept the job on the condition that "family comes first." "I cannot and I will not give up my family time," Ryan said. Ingraham tweeted, but later deleted, a criticism saying, "like no one has ever sacrificed family time to serve the country?" "Our country is in a crisis and we need Republican leaders willing to unconditionally offer their service to the country," she added in a separate tweet.
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Mika Brzezinski
Engaged hosts Mika Brzezinski and Joe Scarborough have a habit of getting flirty on "Morning Joe," and Ingraham finds it hilarious. On Feb. 8, Sean Hannity prepared to hand off the time Ingraham when she started twirling her hair, lilting her voice and doing her best flirty Brzenzski impression. “What, what Sean, you’re always right. No you’re always right. You. Are. Always. Right. I mean, really,” Ingraham said.
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Ed Schultz
Ingraham didn't start this fight. The MSNBC personality called Ingraham a "right-wing slut" on his radio show, a comment that earned him a week-long suspension from MSNBC. He apologized and called his comments "vile and inappropriate," and Ingraham accepted his apology. She even joked that Schultz used to be conservative. "We'll welcome you back with open arms," she said.
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Donald Trump
In the wake of Hurricane Harvey, Ingraham critiqued the president for leaving much of his executive branch understaffed. “We can all look at these horrific pictures, and we can conclude that a federal government does need staff," Ingraham said. Trump, a frequent viewer of "Fox & Friends," heard Ingraham's criticism of his administration loud and clear and responded to her directly on Twitter. "We are not looking to fill all of those positions. Don't need many of them — reduce size of government,” Trump tweeted.
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Shepard Smith
Fox News anchor Shepard Smith gave some pointed criticism to his colleagues, telling Time that he knows some of Fox's opinion shows are "strictly to be entertaining." "I don’t work there. I wouldn’t work there. I don’t want to sit around and yell at each other and talk about your philosophy and my philosophy. That sounds horrible to me.” Both Sean Hannity and Ingraham took issue with Smith's comments. "Always liked Shep, but his comments were inconsiderate & inaccurate. The hard working team at the Ingraham Angle does real reporting, develops impt sources and scores big interviews. Very proud of them," she tweeted.
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Host of “The Ingraham Angle” has also critiqued Paul Ryan, Donald Trump and Shepard Smith
Laura Ingraham lost eight sponsors from her Fox News show this week after criticizing Parkland shooting survivor and activist David Hogg. And it's not even the first time she's been at the center of a public feud this year. Here are several recent instances where Ingraham has taken to Twitter or to the air and stirred national attention.
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