Friday marks last day for Rocky Mountain News

The Rocky Mountain News, one of the two major dailies serving the Denver area, will run its final edition Friday, according to The Denver Post.
Owner E.W. Scripps made the decision after it failed to find a buyer for the paper, although at least one interested party advanced a proposal.

Scripps said it has been working with Denver Post owner MediaNews Group to negotiate a plan for dissolving the joint operating agreement in Denver.
Loss of subscribers, declining advertising revenue, the rise of the Internet and general economic weakness all have contributed to the plunging fortunes of newspapers, particularly those that compete in the same cities for shares of shrinking income.

According to the article, the paper lost $18 million in 2008 alone.

To read more, click here.