Media activists in Colorado have stepped up once again to save a newspaper from either closing or falling into the clutches of corporate chain ownership. Colorado media watcher Corey Hutchins, a journalism professor at Colorado College, reports that Sentinel Colorado, a free weekly with a daily website in Aurora, will be acquired by a temporary holding company.
It’s a complicated transaction that involves some of the same players that pulled off the purchase of Colorado Community Media’s weekly and monthly newspapers last year. CCM is now being managed by The Colorado Sun, a digital start-up in Denver that was given an ownership stake.
Aurora, Colorado’s third-largest city, has a population of about 380,000 and is approximately a dozen miles east of Denver.
As with the CCM transaction, the Colorado News Collaborative has helped with the Aurora deal, although the Sun is not involved this time around. Laura Frank, the collaborative’s executive director, was quoted by The Sentinel as saying:
Journalism leaders and community members in Colorado are finding ways to change the narrative and the trajectory of failing news outlets. Together, we are making journalism stronger, which makes democracy stronger. I’m thrilled COLab can help support that work.
Earlier this year, the nonprofit Corporation for New Jersey Local Media acquired 14 weekly newspapers serving about 50 cities and towns. The papers will be run as a public benefit corporation — a for-profit arrangement that is geared toward serving the public rather than rewarding its owners.
That’s also the business model for the Sun and CCM, and it’s been emerging at news organizations across the country as a third-way alternative to traditional for-profit ownership and nonprofit status.