Estimates put the sale price at $30-40 million, about a $200 million loss from the 1998 purchase price. And the Seattle company apparently has to carry unfunded pension liabilities as part of the deal...
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.
According to McClatchy, its 49.5 percent stake in the Washington and Maine newspaper company is worth a mere $9.9 million. While that figure signifies little, the fact it keeps shrinking is a bad sign...
If the Seattle Times Co. can't sell its Maine subsidiary, the consequences could be severe — including closure of three of that state's biggest dailies and loan default for the parent company...
A group that includes a former senator is negotiating to buy Blethen Maine Newspapers. But back home, the Seattle Times faces another fiscal challenge — the Teamsters and a possible labor action.
The end-of-the-month showdown between the Seattle Times Co. and Teamsters Local 174 truckers appears to be off, for now anyway. Times Co. senior vice president for human resources Alayne Fardella, in...