Author: Gan Jia Ci
Ex reporters and editors from The Denver Post are intending to collaborate with New York startup Civil Media Company to start a local news media outlet.
According to the report published by The New York Times, the group of former employees left The Denver Post to start The Colorado Sun, the new local media organisation, following the newsroom retrenchments and disruption in the editorial process after a change in ownership of the media company.
The 126-year-old news media was taken over by New York hedge fund Alden Global Capital in 2013 after the latter acquired parent company MediaNews Group that was undergoing bankruptcy and managed it through a subsidiary – Digital First Media.
The Colorado Sun will be using blockchain technology and crypto economics through Civil to start 1,000 publications nationwide by the end of the year. It will have a website whose data will be permanently written into the blockchain. Expenses will also be provided by a grant from Civil. Civil also plans to release a new token, CVL, this summer in order to fund the new media publications.
The Colorado Sun plans to be “a community-supported, journalist-owned team focused on investigative, explanatory and narrative journalism for a state in the midst of a massive evolution” that is ad-free.
One of the former employees, Mr. Ryckman, spoke of the Post, “None of us wanted to continue dismantling the Denver Post newsroom.” According the the New York Times, there has been severe hostility between the newsroom employees and Alden, especially in April when the newspaper released a Sunday opinion section that consisted of articles condemning the ownership.
The lead editorial was brusque:
“Denver deserves a newspaper owner who supports its newsroom. If Alden isn’t willing to do good journalism here, it should sell The Post to owners who will.”