Why Phil Anschutz Might Rather Watch the Denver Post Die Than Try to Save It
After the Denver Post announced that it would be laying off thirty people, or around 30 percent of the newsroom staff, the Denver Newspaper Guild, which represents 25 of those getting pink slips, put out an open call for a wealthy benefactor to buy the publication from Alden Global Capital, the hedge fund that’s been stripping it down like a stolen car for years. Billionaire Phil Anschutz seems to fit this bill, and he has a notable interest in newspapers, having purchased the Colorado Springs Gazette in 2012. But a story shared by Denver City Councilman Kevin Flynn suggests that Anschutz may prefer to let the Post die in order to replace it with a resurrected version of the Rocky Mountain News, which was shuttered in February 2009.