Denver: Ex-Rocky staffers plan to launch online magazine
AP Business Writer
DENVER, Colorado ” After splitting from financial backers of one online news venture, some former staffers of the defunct Rocky Mountain News say they plan to launch an online news magazine this summer.
The Rocky Mountain Independent would have free original content but would be supported by advertising and members who pay for benefits like premium content and live chats, co-founder Steve Foster said. Content would come from a staff of about a dozen, plus freelancers and partner blogs that would share content and revenue.
“Our goal is to partner with the people of Denver and serve as the hub of an ongoing conversation between those who cover the news and those who read it,” Foster said.
Details will be announced in coming weeks.
Foster said news coverage has been lacking since The E.W. Scripps Co. closed the Rocky Mountain News after its Feb. 27 edition, citing losses that reached $16 million last year.
“We’re going to look for stories that aren’t being told, stories that are going unreported or underreported since our newspaper closed,” Foster said.
Foster and other founding journalists who are investing time or money upfront are getting an ownership interest in the magazine. He would not disclose how much money is being invested.
The core group of founders was among former Rocky Mountain News staffers who volunteered to work on InDenverTimes, envisioned as an online newspaper with a staff of about 30 former News editors and reporters and supported with subscriptions and ads.
Several of those staffers have since parted ways with three Colorado businessmen who pledged to financially back it, after InDenverTimes missed a goal of signing up 50,000 paying subscribers by April 23. Instead, it had about 3,000.
The future of InDenverTimes is still being decided.
an opportunity to develop land at the edge of town, within eyesight of Interstate 70, has town officials excited about the potential for a long-lasting revenue infusion.