Uncertainty in Seattle
The Seattle Post-Intelligencer has served its community for 146 years, but right now the publication is on pins and needles.
Yesterday, a painful countdown began for Seattle P-I and its 170 staffers. Sixty days. Its parent company Hearst announced Friday that it is putting P-I up for sale, and if there is no buyer after 60 days, the publication will either go Web-only or it will cease to exist, according to the Associated Press.
P-I reporters Dan Richman and Andrea James wrote about the developments for the paper's Web site. They say that "[e]conomic reasons have forced the state's oldest morning newspaper into a sale," according to Steven Swartz, president of the Hearst Corp.'s newspaper division, and that the publication lost about $14 million in 2008.
Richman and James continued: "Today's dismal climate for newspapers means no buyer is likely to emerge, several sources said."
They painted a picture of the grim atmosphere: "P-I employees were silent as they listened to the announcement, which lasted about 10 minutes. Some shed tears. Others held up cell phones or voice recorders in news-conference fashion. Phones rang unanswered and the police scanner buzzed on."
The blog Newspaper Death Watch called the unfolding events the "Seattle Surprise," noting that rumors had been "floating around for months" that another paper, the Seattle Times would shut down. The Times apparently has been having its own trouble in recent years, and its future is also very uncertain.
I can't help but hope on this that somehow, someway, the Seattle situation turns out OK. While I'm well aware a buyer is unlikely to emerge, I'm a guy who loves to fight the odds until the absolute last second. Wouldn't it be great for an independent business owner to step up and save this critical piece of history in the Seattle community? If not, here's hoping P-I can at least restructure to have an on-line only product, so that it can at least survive in some form.