Newspaper for sale for 60 days, could shut down
Staff And Wire
Published January 10, 2009 at 12:05 a.m.
Hearst Corp. put Seattle's oldest newspaper, the Seattle Post-Intelligencer, up for sale Friday, saying that if it can't find a buyer in the next 60 days, the paper will close or continue to exist only on the Internet.
"These options include a move to a digital-only operation with a greatly reduced staff, or a complete shutdown of all operations," Hearst, the P-I's parent company, said in a statement. "In no case will Hearst continue to publish the P-I in printed form following the conclusion of this process."
Hearst Newspaper Division President Steve Swartz broke the news in a meeting with newspaper employees.
E.W. Scripps, owner of the Rocky Mountain News, said Dec. 4 it would seek a buyer for the paper, entertaining offers through mid-January. The company said it would examine its options if no buyer was found. Scripps is a 50-50 partner in the Denver Newspaper Agency with MediaNews Group, owner of The Denver Post.
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