The city of Denver will receive $13.5 million from DP Media Network, the parent company of The Denver Post, to settle a dispute over the building that once housed the newspaper. The settlement includes the removal of The Denver Post’s sign from the 11-story building by the end of the month.

Background

The building, located at 101 W. Colfax Ave., was built in 2005 at a cost of $84 million and was once the headquarters of The Denver Post and the Rocky Mountain News. The Rocky Mountain News ceased operations in 2009, and The Denver Post moved its journalists to its printing plant in Adams County in 2018.

The city purchased the building in 2024 for $88.5 million, but DP Media Network was still locked into a master lease for the building. The company stopped making payments on the lease in August, owing the city $650,000 per month in rent.

Under the settlement, DP Media Network will pay $13.5 million to the city, which covers roughly 21 months of rent. The city will also gain control of the building’s parking structure and inherit the leases that DP Media Network was operating to other organizations within the building.

Original reporting: Denverite — read the source article.