September 22, 2000

Will Post owner get handed monopoly without showing his JOA cards at all?

The Denver Rocky Mountain News’ deep discounting and penny-a-day deals, according to Justice Department investigators, only brought the Rocky closer to financial disaster, with the paper showing an operating loss of $19.73 million in the first half of this year.

It’s dismal numbers like these that has the proposed Joint Operating Agreement (JOA) between the Rocky and The Denver Post zooming through Justice checkpoints while just barely slowing down for investigators to look under the seats. This month antitrust regulators gave their go-ahead to the deal, and all that now appears to stand in the way of Janet Reno’s approval is…

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