Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver Post employees holding a rally against continued staff reductions at the newspaper in 2016. Photo: Joe Amon/The Denver Post via Getty Images

The Colorado Sun and the National Trust for Local News announced Monday their acquisition of Colorado Community Media, a family-owned chain of 24 suburban newspapers in and around Denver. The investment partnership is a first-of-its-kind in the country.

  • The Sun, based in Denver, was formed in 2018 after the ownership of Alden Global Capital, a hedge fund, cut a third of the Denver Post newsroom to maximize profit.

Why it matters: As coverage of communities across the U.S. shrinks, doubling down here in Colorado could serve as a long-term model for private and public partnerships revitalizing local news.

What they're saying: "We couldn't count on a benevolent billionaire galloping up on a white horse. And we were worried about a hedge fund coming in," Larry Ryckman, editor-in-chief of the Sun, told NPR.

  • "This seems an ideal way for us to ensure that these community voices can continue and thrive and operate under local ownership," he said.

Details: The acquisition is backed by the Denver-based Gates Family Foundation, the Colorado Trust and the American Journalism Project.

  • The roughly 40 staffers employed at the papers will keep their jobs, and physical copies of the papers will continue to be printed for the foreseeable future, Ryckman told reporters.
  • The papers will now be run under the coalition name the Colorado News Conservancy.

The big picture: Colorado once again finds itself at the center of local news innovation and potentially in a position of leadership at a time when the local media industry could use a lifeboat.

What to watch: "If we can get this right — and I'm confident we will — maybe this does become a model for us to be able to bring other Colorado newspapers under this banner," Ryckman said.

Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.
Not a valid email format.
Not a valid email format.
Server error. Please try a different email.

Go deeper

May 3, 2021 - Axios Denver

At least 11 people have died at Colorado ski resorts this season

A skier heads down a run at Keystone ski resort. Photo: Andy Cross/The Denver Post via Getty Images

At least 11 skiers and snowboarders died at Colorado ski areas so far this season — a detail the resorts don't want to make public.

Why it matters: The sports' safety is getting renewed attention, but the lack of transparency at private resorts on public lands is plaguing the effort.

ESPN's Kevin Merida named executive editor of Los Angeles Times

Photo by Julia Ewan/The Washington Post via Getty Images

Veteran ESPN news editor Kevin Merida was named executive editor of the Los Angeles Times on Monday.

Why it matters: Merida — who has long been rumored for the role — replaces Norm Pearlstine, who stepped down as executive editor late last year after leading the paper for two and half years.

3 mins ago - World

Israel's "change bloc" collapses, leaving Netanyahu in charge

Bennett (L) with Netanyahu in 2015. Photo: Gali Tibbon/AFP via Getty Images

In a dramatic shift that comes amid fighting in the Gaza strip and clashes between Jewish and Arab citizens in Israel, right-wing kingmaker Naftali Bennett has announced he will no longer seek an alternative government to oust Prime Minister Benjamin Netanyahu.

Why it matters: Bennett had been on the verge of a power-sharing deal with centrist opposition leader Yair Lapid that would have made him prime minister for two years until Lapid rotated into the job. Without Bennett, Lapid has no path to a majority, and Israel will almost certainly head for its fifth election since 2019 with Netanyahu still in his post.