McClatchy, which owns 49.5 percent but has no say in operations, says its share of the locally owned, private company dropped in value in less than a year from $102 million to $19 million.
The Seattle Times Co. is on its way back to profitability, a glowing New York Times article reported recently, but the paper's own numbers raise doubts.
The Seattle Times says the paper is here to stay, with Blethen family control assured for years to come. But there are those who think financial challenges will continue for a considerable time.