I’ve been saying for months that we have entered the final chapter of the daily newspaper story, and if there was any doubt as to the validity of that proclamation, those doubts were erased today when the Seattle Post-Intelligencer announced today that it will be abandoning its printed publication and moving entirely online. It is [...]
Back in May, McClatchy issued an SEC filing in which it had written down its 49% ownership stake in the Seattle Times from $102 million in 2006 to just $12 million, a drop of nearly 90%. McClatchy acquired the minority stake in its purchase of Knight Ridder and the Blethen family owns the remaining 51% [...]