The Seattle Times Co. is on its way back to profitability, a glowing New York Times article reported recently, but the paper's own numbers raise doubts.
Could it work here? Some parties are exploring the notion, which creates a hybrid corporation that can receive charitable donations while running as a low-profit, community-owned entity.
The block in front of Times' headquarters is now included as part of security for the company's $91 million debt to banks. Meanwhile, the paper is scaling back features, and sale of its Maine papers...
