Veteran financial journalist Jon Talton blogs daily on the most important economic news, trends and issues involving Seattle and the Northwest.
Hearst says announcement on P-I to come next week
The Hearst Corp. plans no announcement about the future of its Seattle Post-Intelligencer until next week.
Seatttle Times business staff
The Hearst Corp. won't announce a decision about the future of its Seattle Post-Intelligencer until next week, the P-I's publisher said in an e-mail today.
New York-based Hearst announced Jan. 9 that it would close the money-losing P-I, at least in print, unless a buyer emerged in 60 days. That deadline has now passed.
Hearst has indicated none of the P-I's 167 employees would be laid off until March 18 at the earliest, but the company could conceivably close the paper earlier than that.
Hearst also has said the P-I could survive in some form online with a much smaller newsroom, and last week began offering provisional jobs with such a venture to some staffers.
Copyright © 2009 The Seattle Times Company
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