Rocky Mountain News closing after Friday edition

Owner E.W. Scripps Co. said Thursday the newspaper lost $16 million last year and the company was unable to find a buyer.

“Today the Rocky Mountain News, long the leading voice in Denver, becomes a victim of changing times in our industry and huge economic challenges,” Scripps CEO Rich Boehne said.

The News is the latest — and largest — newspaper to fail amid a recession that has been especially brutal for the industry. Four owners of 33 U.S. daily newspapers have sought Chapter 11 bankruptcy protection in the past 2 1/2 months. A number of other newspapers are up for sale.

“People are in grief, and they’re very, very upset trying to process all the emotions that go with it and trying to recognize that we will be putting out our final edition tomorrow,” said News publisher John Temple.

But that edition, he declared, is “going to be spectacular.” Friday’s newspaper will include a 52-page commemorative section, with a print run of about 350,000 copies. The News had a daily circulation of 210,000 and 457,000 on Saturdays.

“It’s very rare that you get to play the music at your own funeral, so you want to make sure you do it well,” Temple said.

Managing Editor Deborah Goeken said the special section will highlight some of the Rocky’s best work, including Pulitzer Prize-winning stories and photos.