Rocky Mountain News on the market, may be shut down in January

E.W. Scripps Company has put Colorado's The Rocky Mountain News on the market.

Colorado's oldest newspaper founded in 1859, The Rocky Mountain news lost around $11 million for the first 9 months of this year, and is expect to lose $15 million for the full year, off the back of a circulation of 255,000 weekday copies.

Scripps has owned the News since 1926, and since 2001 has been in a joint operating agreement with The Denver Post, reports The Huffington Post.

Scripps president and CEO Rich Boehne said the paper would be shut down mid-January if no buyer was found.