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.
As part of a pilot program that avoids using force, the group is dispatched alongside police officers on 911 calls that might involve emotional distress.
Delivery of the Seattle Times and the P-I continues to be a joint operation under the papers' new agreement, the costs of which drove down the Times' value 12 percent in six months