Ex-Rocky Staffers And Investors Split Over InDenverTimes Disagreements
What a difference a week makes: Exactly one week after implying that InDenverTimes would go forward regardless of meeting its subscriber goal, the investors backing the nascent online news venture have withdrawn their support, citing concerns with several aspects of the business.
The employees want to find new investors, business writer David Milstead told the Denver Post.
“The revenue picture is very unclear, and the potential for losses is sizable,” he said.
The investors were uncomfortable with multiple aspects of the business, including the size of the newsroom.
InDenverTimes
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in