Denver Post For Sale: Anschutz? Polis? Gill? Citizen Kane?

denverpost

Fascinating speculation on the possible fate of the state's newspaper of record The Denver Post, via Aldo Svaldi:

Digital First Media's decision to pursue "strategic alternatives," including a possible sale, could result in The Denver Post, and 13 smaller newspapers in the state, operating under local ownership by early next year, media analysts predict…

Rick Edmonds, an analyst with The Poynter Institute, said wealthy investors have purchased the flagship newspapers in Washington, Boston, Minneapolis and Anchorage, Alaska, under what he calls the "Black Beauty" strategy.

"You might end up with a nice owner who gives you a warm stall," he said. "There are good odds that there might be someone in Denver and San Jose who would have that feeling."

The person most likely to fill that bill in Colorado is Philip Anschutz, whose holdings include The Oklahoman in Oklahoma City and The Gazette in Colorado Springs, predicts Mutter.

If that sends a shiver down your left-leaning spine, you may not be alone:

A bid by Anschutz, known for his conservative views, could potentially trigger a rival offer from millionaires on the other side of the political spectrum.

They include Internet entrepreneur turned Congressman Jared Polis, D-Boulder, and Tim Gill, who made his fortune in software publishing program Quark.

Svaldi reports that wealthy Rep. Jared Polis was "coy" when asked about the possibility of buying the Denver Post. We're not privy to any discussion about this one way or the other, although news of the Post going up for sale was not itself a surprise. It's no secret that the newspaper business has been in decline for many years, and digital revenues haven't replaced the old subscription model enough to keep them profitable. Meanwhile, competition from other media for long-format detailed coverage via online publishing has eaten away at the major newspaper's traditional role as the principal contemporary historical record.

That said, acquisition of institutions like our state's biggest newspaper for any ideological purpose, left or right, could reasonably be considered troubling to those who would like to simply get straight undoctored news. That may be as old a fear as William Randolph Hearst, and partisan Denver Post political news editor Chuck Plunkett may have rendered the question irrelevant for time being anyway–but that doesn't make it sit much better with us. We can say that the Colorado Springs Gazette, a major daily paper in Colorado owned by Anschutz, has a newsroom that in our experience unflinchingly covers bad stories Republicans like Gordon "Dr. Chaps" Klingenschmitt. The editorial board of the Gazette is conservative, but so is the market they serve.

One thing's for sure: we can't afford to buy the Post. Perhaps we'll buy a lottery ticket.

3 Community Comments, Facebook Comments

  1. BlueCatBlueCat says:

    First. Clicking on the diary to open the thread is working for me again.  Second. I don't see how a change in ownership could make the paper worse. We're old print on the kitchen table with our morning coffee addicts so we're still getting the damn thing delivered but it gets more disappointing all the time. 

  2. DavieDavie says:

    Sadly, the trading of newspapers between billionaires and investment groups is just a shell game they play amongst themselves for their own amusement.  Puffing up the value by the sellers and coveting the cash that can be sucked out of the ever shrinking shell of a newspaper by the buyer is all they do.

    Anshutz is the only credible suitor of the ones listed above since it is a market he has a vested interest in.

    There won't be a revival of traditional news.  We're getting it from the websites and social media feeds that don't challenge our beliefs.  The Denver Post has forfeited it's objectivity, so we are left to fend for ourselves to seek out multiple information sources if we truly want to get an accurate perception of world events.

  3. mamajama55mamajama55 says:

    Here's a pipe dream:

    The Post should be bought and guided by a bipartisan, or multipartisan consortium representative of Coloradans. News would be news, and opinions would be opinions, and advertising would be advertising, all 3 categories separate.

     I told you that dustpuppy and I were soul brothers from other mothers. 

     I think I'll instigate some shivers and shrinkage around here by quoting Mao:

    "Let a hundred flowers blossom, a hundred schools of thought contend."*

    * Yeah, I knpw, right after that, Mao started locking up all of the intellectuals and dissidents, but it's still a worthy thought. 

     

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