New bad news at the Seattle Times
Advertising in February was down 45% over the previous year, and the Times' pension plan has become underfunded, according to a memo to the staff.
Bill Richards
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Seattle Times asks staffers for 12% pay cuts
E-mail to staff strikes an urgent note, saying the paper faces a liquidity crisis and "cannot afford to delay."
Hearst skips final option payment to Seattle Times
Move underscores Hearst's statement that it has no interest in acquiring the rival paper. It also says it would operate a digital P-I outside the joint operating agreement with the Times.
Tech
UPDATED: Could the next P-I be electronic, and on a plastic sheet?
Hearst has been working on an e-paper project for the past year. Plastic Logic, a firm working on such a product, says Hearst won't be a partner.
Bankruptcy option for the Seattle Times? Not easy.
It wouldn't be the final answer for the paper's problems