Posted on 01/08/2009 6:03:45 PM PST by Publius
KING 5 news has learned that Seattle may soon become a one newspaper town.
Like many newspapers across America the Seattle Post-Intelligencer has been struggling to survive.
Now, a source close to the deal tells KING 5 that the paper's owner, Hearst Corporation, will announce as soon as tomorrow that it's putting the P-I up for sale. Under the joint operating agreement between the P-I and The Seattle Times, the P-I must be offered for sale for at least 30 days before it can cease operation.
The joint operating agreement was formed in 1983 in an effort to keep both papers healthy. The P-I was granted a monopoly on morning publication. At that time The Seattle Times was one of the only profitable afternoon papers in the country.
But in 1999 the joint operating agreement was modified to allow the Times to begin publishing in the morning. Critics predicted that would eventually lead to the demise of the P-I.
We're told Hearst does not expect another buyer to step forward and that Seattle will likely become a one newspaper town within the next few months.
A call to the Seattle P-I publisher's office for comment has not yet been returned.
It would be the end of an era -- the P-I put out its first edition in 1863 and was the city's first newspaper.
It's unclear how this will affect The Seattle Times or the Blethen family, which owns 51 percent of that paper.
HEY....Hat N Boots.....I went there as a kid 50 years ago!!!
Time for somebody to post that “HA-ha” kid....
HOO-RAY!!!!!!!!!!
And they used to say that Liberals were the ones who were into tearing things down. In the old days, conservatives would beat them at their own game and provide a conservative alternative that would succeed. HA! Conservatives have now gotten just as good at negativity and destruction. Who cares if America is illiterate and doesn't want in-depth reporting, as long as they aren't reading any leftist trash!
</sarc>
I dare any of the FReepers who are cheering to go buy up the P-I and run it as a conservative paper and show us that it's just the leftist slant that caused its demise. Come on, money where mouth is...
Or do y'all recognize that we're becoming a shallow sound-bite culture (which favors the left)?
Awwwwww....
Screen door/@ss/way out ;-)
oh whatever will all the socialists, global warming histrionics, and blame everything on racism writers do now at the Seattle-PI?
“Seattle P-I to be Sold or Closed”
good
BUMP for great news!
I want every person associated with the liberal newsrooms that have destroyed America to lose their jobs, their homes, and their families. Good riddance to bad garbage.
In America,one in five high school graduates cannot read his or her diploma.
Tens of millions of Americans cannot read or write at all; another 50 million are functionally illiterate.
44% of American adults do not read a book in a year.
The primary or exclusive source of information about current events for many voters is now television or online, with much shallower coverage than in earlier times. Many online readers do not go past the second paragraph before moving on, clearing the way for misleading coverage.
HA ha!!!
If it puts that Marxist, America-hating editorial cartoonist, David Horsey, out of work, I’m all for it.
I feel bad about the imminent death of the New York Times, but the patient has been enduring a slow and painful wasting disease for decades. The end, when it comes, will be a blessing.
I'd MUCH rather see it be turned into a medium to convey the results of excellent in-depth factual reporting...but there aren't enough customers for such a thing here in America.
Think of the trees that will be saved from being boiled down into newsprint.
if they are looking for voters for a poll, I’d vote for “CLOSED”
I propose a toast to the closing.
But the feeling didn't last long. ;o)
Now we know what the end of the Buggy industry looked like.
Pray for W and Our Troops
***************
They will never figure it out....
Too much pride and arrogance.... imho.
Too change their biz model..
Let the P-I b*tch die...
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