Newspapers

So the rumor of the Seattle Post-Intelligencer being up for sale was true.  I expect Seattle’s days as a two newspaper city are numbered (and n is <= 60). My assumption is the sales process is window-dressing by Hearst, who own the P-I.  They don’t expect any bidders because of the terrible economic climate and…

The future of one of Seattle’s two daily newspapers was called into question Thursday by a TV station report, although top leaders at both papers appeared surprised by it. KING/5 reported at 5 p.m. that “a source close to the deal” said The Hearst Corp., owner of the Seattle P-I, would announce as soon as…

The newspaper industry continues to draw its bloodbath.  It is ugly and unfortunately will get uglier. The New York Times is trying to borrow against its swanky, new building to ease what the Times itself calls “a potential cash flow squeeze as the company grapples with tighter credit and shrinking profits.”  Silicon Alley Insider continues…