Tucson Citizen in Countdown to -30-

Gannett Corp is closing the Tucson Citizen Saturday, ending nearly 140 years of recording such remarkable moments in Southwest history as Marshal Wyatt Earp's shootout at Tombstone's OK Corral in 1881.

From the AP story (via Editor & Publisher):

Gannett Co. Inc., the nation's largest newspaper publisher, announced in January it would close the Citizen if it didn't find a buyer for certain assets. Robert J. Dickey, president of Gannett's U.S. Community Publishing, said the paper was losing money and was a drain on Gannett operations.

The Citizen becomes the latest casualty of a newspaper industry struggling to survive despite the tough economy, dwindling advertising revenues and Internet competition. The battle has been especially tough in two-newspaper towns.

E. W. Scripps Co. closed the 150-year-old Rocky Mountain News, one of two daily newspapers in Denver, in February. Hearst Corp. has said it will close or sell the San Francisco Chronicle if it can't slash expenses, and has laid out plans to close the Seattle Post-Intelligencer if a buyer isn't found before April.

Four newspaper companies, including the owners of the Los Angeles Times and Chicago Tribune and The Philadelphia Inquirer, have sought Chapter 11 bankruptcy protection in recent months.

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-- TJ Sullivan

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