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The Denver Post to sell its share of the Colorado Rockies

Nov 9, 2012, 9:49 AM EDT

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In other news, the Denver Post owns a share of the Colorado Rockies:

The Post holds a 7.3 percent state in the major league baseball club that is majority owned by brothers Dick and Charlie Monfort. Ed Moss, CEO of the Denver Post, said Digital First Media, which operates MediaNews Group, owner of the newspaper, is seeking to sell the minority stake in the Rockies as the Post focuses on core print and digital business.

It always seems strange to me when newspapers own chunks of businesses which constitute a significant part of the news they cover. I mean, the Rockies don’t make the news randomly, in situations where a brief disclaimer can clear up a potential conflict of interest. They’re assured to be a day-in-day-out part of the Post’s sports section. To my knowledge nothing untoward has ever come of this relationship, but one wonders what the coverage of the Rockies would have been like if their ownership group found itself in a Frank McCourt or Wilpons/Madoff situation.

As for the sale: heck, with franchise values ascending like they are right now, it might not be a bad time for minority owners to cash in. There’s a huge bubble in team values these days and while it may not burst violently like the housing market did, no investment appreciates forever. Oh, and newspapers, in this day and age, could use some cash.

  1. denbish - Nov 9, 2012 at 10:18 AM

    Trying to raise some money to invest in the Colorado horticulture…

    • heyblueyoustink - Nov 9, 2012 at 10:28 AM

      I wonder if they’ll make the smart move and take that money and invest in EZ-Wider

  2. ezthinking - Nov 9, 2012 at 10:25 AM

    There lots of media outlets with ownership interests. The Braves have Liberty Media, Turner Braodcasting and Time Warner as owners.

    But cash is cash. No doubt the Post could use it. Why don’t we all throw in a few bucks and get a 0.1% interest in the Rocks. It would be fun to respond to a the question, what to you do with “I’m an owner of an MLB team.”

  3. paperlions - Nov 9, 2012 at 11:17 AM

    One also has to wonder if the paper was less negative in its Rockies coverage than a completely unbiased outlet would have been…it isn’t like they don’t have a lot of organizational aspects to be critical of….the MLB roster is a bit of a disaster, but the organization as a whole isn’t any better.

  4. hermitfool - Nov 9, 2012 at 12:25 PM

    The Denver Post ran multiple lead editorials this season calling for the Montforts to fire the GM or sell the team to someone who cared about building a winning organization. Denver Post sports columnists, who have been in a state of despondent rage ever since 2007, have ripped the living crap out of both ownership and management on a weekly basis.

    If anyone at the Post pulled any punches because of the Post’s minority stake it’s hard to see the evidence.

    Sure the Post can use the cash, but it would be easy to understand if they were also frustrated by the coupon clipping Montforts incorrigibly clueless record of ownership and severed their connection out of a basic need to preserve sanity.

  5. savocabol1 - Nov 9, 2012 at 12:29 PM

    Do media outlets buy teams because it gives them some sort of exclusive access rights?

    • mazblast - Nov 10, 2012 at 2:53 PM

      That, plus it may be a better investment than the media biz, and it’s a guaranteed vote against relocation.

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