Pressure Mounts on Post, News. Acquisition Likely?

The Denver Post’s and Rocky Mountain News’ latest earnings report isn’t going to quell rumors that one of them will acquire the other and convert it to an online-only offering soon. The papers saw their Q2 earnings drop 78 percent –- from $6 million to $1.3 million — in Q2 2008 compared to the same period in 2007. A “slumping advertising market” is to blame, according to the Denver Business Journal, which also calculated that the two papers lost money during the quarter.

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