After a continued rivalry between Denver's two main newspapers, the Denver Post and Rocky Mountain News, the papers merged operations in 2001 under a Joint Operating Agreement that formed the Denver Newspaper Agency until February 2009 when E. W. Scripps Company, the owner of the Rocky Mountain News, closed the paper. There are also several alternative or localized newspapers published in Denver, including the Westword, Law Week Colorado, Out Front Colorado and the Intermountain Jewish News. Denver is home to multiple regional magazines such as 5280, which takes its name from the city's mile-high elevation (5,280 feet or 1,609 meters).
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Denver's position near the mineral-rich Rocky Mountains encouraged mining and energy companies to spring up in the area. In the early days of the city, gold and silver booms and busts played a large role in the city's economic success. In the 1970s and early 1980s, the energy crisis in America and resulting high oil prices created an energy boom in Denver captured in the soap opera Dynasty. Denver was built up considerably during this time with the construction of many new downtown skyscrapers. When the price of oil dropped from $34 a barrel in 1981 to $9 a barrel in 1986, the Denver economy also dropped, leaving almost 15,000 oil industry workers in the area unemployed (including former mayor and current governor John Hickenlooper, a former geologist), and the nation's highest office vacancy rate (30%). The industry has recovered and the region has 700 employed petroleum engineers. Advances in hydraulic fracturing have made the DJ Basin of Colorado into an accessible and lucrative oil play. Energy and mining are still important in Denver's economy today, with companies such as EnCana, Halliburton, Smith International, Rio Tinto Group, Newmont Mining, Noble Energy, and Anadarko headquartered or having significant operations. Denver is in 149th place in terms of the cost of doing business in the United States.
Denver is a consolidated city-county with a mayor elected on a nonpartisan ballot, a 13-member city council and an auditor. The Denver City Council is elected from 11 districts with two at-large council-members and is responsible for passing and changing all laws, resolutions, and ordinances, usually after a public hearing, and can also call for misconduct investigations of Denver's departmental officials. All elected officials have four-year terms, with a maximum of three terms. The current mayor is Michael Hancock.