Ex-Denver Post Journalists, Editors Launch New Blockchain-Powered Colorado News Outlet

Former Denver Post reporters and editors plan to launch a new local media outlet in partnership with ConsenSys-backed blockchain startup Civil Media Company, The New York Times reports today, June 17.

According to the Times, the group left The Denver Post to create a new local state online newspaper, The Colorado Sun, after newsroom layoffs and deteriorating morale following newspaper’s change in ownership. New York hedge fund Alden Global Capital took control of The Denver Post after acquiring its parent company, MediaNews Group, and manages it through a subsidiary, Digital First Media, the Times reports.

The Colorado Sun will use blockchain technology via Civil to store data, with initial funding via a grant from Civil, the Times reports. Once the new outlet is up-and-running, The Colorado Sun intends to be “a community-supported, journalist-owned team focused on investigative, explanatory and narrative journalism for a state in the midst of a massive evolution,” and will be completely ad-free, according to the company’s website

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