Rocky Mountain News parent company E.W. Scripps Co. is taking a $874 million write-off “to account for the diminished value of its newspaper holdings. The write-off includes a $779 million noncash charge to reduce the value of goodwill and a $95 million reduction in the value of its investment in the Denver Newspaper Agency and Prairie Mountain Publishing.”
Scripps Announces $874M Write-off
Denver Public Relations Blog 