Financiers Pull the Plug on InDenverTimes

The former Rocky Mountain News reporters’ ambitious plans to launch a subscription-based online news site to compete with the Denver Post just got harder. After failing to reach their goal of 50,000 subscribers, the projects financiers have pulled out. But business reporter David Milstead hasn’t given up, and he told the Post, “The take-away is that (managing editor) Steve Foster, myself and others who are committed to this venture will continue to pursue the concept, and we are now looking for new backers.” Joey Bunch at the Post has the details.