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seattle’s favorite daily paper might be for sale [developing]

Posted By josh On January 8, 2009 @ 6:27 pm In Uncategorized, media, news | Comments Disabled

moniguzmatweet.jpg [1]
screencap via twitter.

Here’s a shocker (except for those who predicted it [fimoculous [2]] last week): As of an hour ago & via the Seattle Times (the irony), come reportsthat Hearst could be putting the P-I [3] up for sale as soon as tomorrow. After that, by virtue of the J.O.A., they’d have only a month of survival while hoping for a buyer [king5 [4]]. All of this means that things don’t look good for the long-term existence of the P-I as a [print-based] publication or for Seattle as a two newspaper town. As much as I see continuing value in untrendy print, I think that a far-fetched and somewhat-positive resolution would be for some richbags to step in and try to make a go of it by running the P-I as an online/kindle operation. With the L.A. Times recently claiming that their online revenue is sufficient to meet their editorial payroll [buzzmachine [5]], this option isn’t entirely impossible. Ditching print in favor of their already very popular website certainly wouldn’t be ideal, but it would be a lot better than the further disappearance of local newsgathering, engagement, and arts criticism from the city.

Just like Times publisher Frank Blethen [times [6]], Big Blogger (and most recognizable P-I personality to those who already take the majority of their news online) Monica Guzman tweets that mood in the P-I’s newsroom is “stunned”. [twitter [1]] Of course, it’s worth remembering that the original story has a single anonymous “source close to the sale” and the managing editor at the paper reports that neither he nor the publisher had any idea about the impending doom [p-i [7]], so maybe it’s just a dicey rumor eagerly picked up by the TV news.

::

In other newsprint news, the Stranger’s print edition (printed across the mountains in Yakima) was almost a victim of the environment’s Seattle-isolating conspiracy until they made use of the Times’s print operation in Kent. [slog [8]]


Article printed from Seattle Metblogs: http://seattle.metblogs.com

URL to article: http://seattle.metblogs.com/2009/01/08/seattles-favorite-daily-paper-might-be-for-sale-developing/

URLs in this post:

[1] Image: http://twitter.com/moniguzman/status/1105684762

[2] fimoculous: http://www.fimoculous.com/archive/post-5566.cfm

[3] P-I: http://seattlepi.nwsource.com/

[4] king5: http://www.king5.com/topstories/stories/NW_010809WAB-seattle-pi-for-sale-DS.823d443.html

[5] buzzmachine: http://www.buzzmachine.com/2008/12/22/la-times-followup/

[6] times: http://seattletimes.nwsource.com/html/localnews/2008605989_webpi08m.html

[7] p-i: http://seattlepi.nwsource.com/business/395362_newspaper09.html

[8] slog: http://slog.thestranger.com/slog/archives/2009/01/08/where_the_hell_is_the_print

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