It's clear the print P-I is a goner. But given Hearst advantages in e-paper technology and partnerships, an online P-I owned by Hearst is a distinct possibility.
Owners add that they would shut down Seattle's oldest daily if no buyer is found in 60 days, though possibly it would continue as an online-only news service.
Both the Maine sale and some Seattle real estate put on the market fail to meet their goal of closing in 2008. This could produce a very tough January for the local daily.
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...
Brunswick News, part of the Irving family's vast industrial holdings in Canada, is kicking the tires of Blethen Maine Newspapers, which is owned by the Seattle Times Co. The Irvings own most of the...