Tuesday, March 17, 2009

The continuing demise of newspapers

As of today, Seattle is a one-newspaper town.

Employees of the Seattle Post-Intelligencer found out yesterday they had only one last edition to publish, the one that hits newsstands in the greater Seattle area this morning.

The Hearst Corporation tried to find a buyer for the P-I but failed, and some wonder if the next victim to collapsing print revenue will be another Hearst-owned publication, the San Francisco Chronicle... which many have speculated will be the next big newspaper operation to fold.

Seattle's other newspaper, the Seattle Times, is in financial trouble as well... even though the demise of their cross town rival increases the Time's prospects for long-term survival.

The P-I will still operate online, but just with a small, trimmed back staff of about 20 people, providing commentary, advice and links to other news sites, with some original reporting.

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