The Colorado Springs Sun newspaper could someday rise again.
John Weiss, publisher of the Colorado Springs Independent newspaper, said today he’s interested in buying The Gazette and, if he succeeds, would possibly rename it the Colorado Springs Sun.
“Right now we believe (it’s) in play, and we’ve hired investment advisers to guide our decisions,” Weiss said. “If we acquire it, Colorado Springs Sun is one of the names we’d like to use, so I asked my attorney to go ahead and reserve it.”
Whether or not he will have a chance to buy the paper depends on whether the group of investors that owns Freedom Communications, The Gazette’s parent company, decides to sell the company’s media assets as a chain or individually.
The investors have given no clear indication of what they intend to do, but are listening to offers. Click here to read past Business Journal coverage of this story.
“If they sell them individually, I’ve told them I want The Gazette, but that’s all; no other properties,” Weiss said. “It’s a long shot, but that’s what I want.”
Three companies, Alden Global Capital, Angelo Gordon & Co. and Luxor Capital Group, assumed ownership of Freedom after it emerged from bankruptcy last year.
Freedom then said in November it’s open to offers to sell all or part of the company, which owns eight TV stations and more than 100 daily and weekly newspapers and other publications.
The Colorado Springs Sun was one of the city’s two daily newspapers, but it was purchased by Freedom Communications and consequently shut down a number of years ago.
Since then, The Gazette has remained the city’s sole daily newspaper, though its circulation has declined by tens of thousands in recent years.