Less than three years after its launch as the city's second daily newspaper, The Baltimore Examiner is shutting down, a victim of slower-than-expected ad sales.
Employees of the free tabloid were informed of the closure Thursday morning. The Examiner will publish its last issue on Sunday, Feb. 15. About 90 people will lose their jobs, said Jim Monaghan, a spokesman for Clarity Media Group, the paper's Denver-based parent company.
"We had good people there. We thought we had a good paper," Monaghan said. "It's a disappointment that it didn't work out."
Clarity, owned by Denver billionaire Philip Anschutz, also publishes Examiner papers in Washington and San Francisco. Ryan McKibben, Clarity's CEO, told Baltimore staffers that the company expected "strong revenue synergies" between the Baltimore and Washington papers, but those did not materialize.
Clarity had been searching for a buyer for the Baltimore paper for months, McKibben said.
"We didn't get the depth of national advertising that we would have liked. We thought, with the combination of two markets, we would have been able to do that," Monaghan said. "After 30 months of trying, it became clear during the current recession that advertising is not increasing."
The announcement "came as a complete surprise" in the newsroom.
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