Associated Press
ASPEN – Aspen Daily News founder Dave Danforth has sold his 39-year-old newspaper to an investment group that also owns an Aspen television station.
The company that purchased the paper on Monday, Paperbag Media, is co-owned by David Cook, who had been the publisher of the Aspen Daily News, along with Spencer McKnight. Paperbag Media also owns the Aspen 82 TV station.
Other investors include three brokers with Aspen Snowmass Sotheby’s International Realty, a major advertiser. Cook says the investors will have no say in the day-to-day operations or news output.
The Aspen Daily News reports Danforth and two partners founded the newspaper in July 1978, producing a double-sided 8-by-11-inch publication. The publication acquired a traditional newspaper press in 1984 and added a Sunday edition in 1996.
