DENVER — A third daily newspaper hit Denver's streets Thursday, but its publisher says it's not trying to compete with The Denver Post and Rocky Mountain News.

The Denver Daily News, a free tabloid, circulated about 1,000 copies of an eight-page edition in Denver's Lower Downtown section.

"We are Colorado people who always wanted to start a free newspaper in Denver and now we've done it," said Mike Kirschbaum, publisher and editor.

The newspaper is published by investors led by Jim Pavelich of Vail and Dave Price, formerly of Denver, co-publishers of the Palo Alto (Calif.) Daily News, a free newspaper that distributes about 30,000 copies in the area between San Francisco and San Jose.

The Daily News has three employees working out of a small office suite near downtown and is printed at a commercial plant in Golden. Kirschbaum said he will soon hire additional employees, including editors and reporters, and increase circulation.