The Hearst Corporation puts the Seattle Post-Intelligencer up for sale, anticipating no buyer and closure of at least the print paper in 60 days. Hearst does not plan to acquire the Seattle Times.
Things change, and the wealth of more immediate sources of news — Internet, blogs, TV, radio — make it just so hard for newspaper companies to succeed. (And yes, politically and culturally biased reporting is also a serious problem.) But sigh…Newspapers manufacture a new product daily, and help advertise the products that U.S. manufacturers make. Their coverage has proved critical to a vibrant American democracy. It’s hard to see them struggle and increasingly fail and fold.
The Hearst Corporation’s open letter is here.
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