Posted November 07, 2012 on AP on Fox
The Denver Post is seeking to sell its minority ownership in 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. ''We've made great strides in growing our audience in the last few years, so when we look at anything that the company is involved in, what we want to do is have our focus on our core business,'' Moss said. ''And anything that's not tied to it, we're going to evaluate whether we want to stay associated with those businesses or not.'' Forbes magazine recently valued the franchise at $464 million, which would put the newspaper's stake at more than $33 million. ''If we don't get what we think would be a fair value, we are certainly happy to keep our in...
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