Hearst's Seattle Paper up for Sale; Shutdown Likely After Denver, 2Nd JOA Paper to be Put on the Block in Five Weeks Hearst's Seattle Paper up for Sale; Shutdown Likely After Denver, 2Nd JOA Paper to be Put on the Block in Five Weeks

Hearst's Seattle Paper up for Sale; Shutdown Likely After Denver, 2Nd JOA Paper to be Put on the Block in Five Weeks

NewsInc 2009, Jan 12, 21, 2

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Publisher Description

Confirming what was probably an inevitable outcome, The Hearst Corp. on Friday said that it was putting its Seattle Post-Intelligencer and its 40 percent stake in the joint operating agreement with the Seattle Times up for sale and that if a buyer is not found in 60 days, that it would either shutter the paper or "with a greatly reduced staff," attempt a digital-only operation. It was the second JOA paper to be put up for sale in five weeks; on Dec. 4, The E.W. Scripps Co. said that it was seeking a buyer for its Rocky Mountain News, as well as the company's stake in the Denver Newspaper Agency.

GENRE
Business & Personal Finance
RELEASED
2009
January 12
LANGUAGE
EN
English
LENGTH
13
Pages
PUBLISHER
The Cole Group
SELLER
The Gale Group, Inc., a Delaware corporation and an affiliate of Cengage Learning, Inc.
SIZE
68.6
KB

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