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Union auditor looks at DNA's books

By Jeff Smith, Rocky Mountain News (Contact)

Published January 14, 2009 at 12:05 a.m.

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SPECIAL SECTION » The Rocky Mountain News is for sale. On December 4, 2008, E.W. Scripps, the owner of Colorado’s oldest newspaper, said if a buyer does not step forward it will pursue other options – including closure.

Click to read stories about the sale, and see what other news outlets have been saying about the paper since the announcement.

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A Communications Workers of America auditor started looking at the Denver Newspaper Agency's books Tuesday to determine whether to open labor contracts early.

The agency previously told its unions that it needed $18 million of concessions by Friday so it can attempt to renegotiate $130 million of debt.

Agency spokesman Jim Nolan said Tuesday that discussions with the unions and lenders are ongoing but declined to say whether Friday's deadline is firm.

The CWA represents three of the six unions at the DNA, including the largest one, the Denver Newspaper Guild. An auditor for the Teamsters, which represents two unions, already has looked at the books.

The Denver Newspaper Agency is a joint operating agreement between Dean Singleton's Media News Group, which owns The Denver Post, and E.W. Scripps, owner of the Rocky Mountain News. Scripps has said it wants to exit the Denver market and has put the Rocky up for sale.