Seattle P-I put up for sale

Seattle P-I ^ | January 9, 2009 | DAN RICHMAN AND ANDREA JAMES

[Baladas]

The Seattle P-I is being put up for sale, and if after 60 days it has not sold, it will either be turned into a Web-only publication with a greatly reduced staff or discontinued entirely.

"One thing is clear: at the end of the sale process, we do not see ourselves publishing in print," said Steven Swartz, president of the Hearst Corp.'s newspaper division.

Swartz addressed the P-I's newsroom at about noon Friday, flanked by P-I editor and publisher Roger Oglesby and Lincoln Millstein, Hearst's senior vice president for digital media.

Swartz said the reason for offering the paper for sale is purely economic.

"Since 2000, the P-I has lost money each year, and the losses have escalated and continue to escalate in 2009," he said. "We have had to make a very tough decision. This is a business decision and it is no reflection on your work. The decision reflects our inability to see the losses turning around soon."

In a release circulated shortly after Swartz finished speaking, Hearst said the P-I lost about $14 million in 2008.

[Baladas]

When propogranda is unchallenged and widespread, it becomes worthless in every possible way. Dinosaur!

[Michael.SF.]

Is it on E-Bay yet?

[Eric in the Ozarks]

And their “on line edition” will be monetized exactly how ?

[SkyDancer]

I would love to read Horsey’s resume ....(PI political cartoonist)

[JOLLYDODGER]

{This is no reflection on your work...}
LOL

[mkjessup]

[xcamel]

#5
http://www.freerepublic.com/focus/search?m=all;o=time;q=quick;s=Seattle%20P-I

[Parley Baer]

I love reading these death watch stories on the msm. They have created their own doom.

[sionnsar]

Say WA? Evergreen State ping

FReepmail sionnsar if you want on or off this ping list.

Ping sionnsar if you see a Washington state related thread.

[Pontiac]

Is either paper conservative?

[Pontiac]

Is either paper conservative?

[AmericanVictory]

So sad that so many urinalists will no longer be able to feel self-righteous about peeing on the truth.

[DustyMoment]

I am horribly upset about thi . . . . . . . . . . BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA . . . . . !!!!!

I LOVE it when bad things happen to dishonest people.

And the Seattle P-I is about as dishonest as they come.

[No phonys allowed]

I wonder how long it will take for our fraud of a Governor to come to the rescue with a nice big fat Washington taxpayer bailout.

After all it’s for the good of the folks.

[Zuben Elgenubi]

[[[[[[ ping ]]]]]

[GOP Golfer]

How will I line my kittie litter box? They get so much enjoyment pooping on that publication. :-))))))

[Secret Agent Man]

Wow, watching all the MSM dinosaurs die off is conflicting. I don’t like anyone losing a job, but at the same time the market is speaking.

[Psycho_Bunny]

Uh....no. Both papers are very liberal but the PI is ridiculously so.

Frankly, I found it insulting and am feeling no guilt in crackin' a big ol' smile.

[GOP Poet]

Bye. Bye! PI. Don’t let the door hit ya in the arse.

[GOP Poet]

Maybe JimRob can buy it and bring us Freepers on as contributers and writers :-). We’ll fix ole’ Seattle up straight away :-).