This week was technically the deadline for the Seattle Post-Intelligencer to either find a buyer or exit the print business. However, it appears the stay of execution has been extended a bit . “We expect to announce a decision regarding the P-I at some point next week,” Hearst Corp. spokesman Paul Luthringer told the Seattle Times in a one-line e-mail.
The deadline may have passed, but no one is expecting the P-I to last much longer in print. The paper has been running a “P-I Memories ” section to commemorate past triumphas. The Times noted that KOMO-TV sent a commemorative cake this week and staff have spent the week cleaning out their desks. Their hearts didn’t appear to be into covering the news. There’s no clear reason for the delay. Speculation is centering on the possibility that parent Hearst Corp. could keep the P-I alive as an online-only newspaper, that there have been glitches with severance payments or that the joint operating agreement between the P-I and the Times could be holding things up. In any case, most people are expecting the Post-Intelligencer to cease print operations next week.
This entry was posted on Thursday, March 12th, 2009 at 9:37 pm and is filed under Business News, Layoffs, NewMedia. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.