Last updated March 16, 2009 10:33 a.m. PT
By DAN RICHMAN AND ANDREA JAMES
P-I REPORTERS
The Seattle Post-Intelligencer will roll off the presses for the last time Tuesday, ending a 146-year run.
The Hearst Corp. announced Monday that it would stop publishing the newspaper, Seattle’s oldest business, and cease delivery to more than 117,600 weekday readers.
The company, however, said it will maintain seattlepi.com, making it the nation’s largest daily newspaper to shift to an entirely digital news product.
“Tonight we’ll be putting the paper to bed for the last time,” Editor and Publisher Roger Oglesby told a silent newsroom Monday morning. “But the bloodline will live on.”
In a news release, Hearst CEO Frank Bennack Jr. said, “Our goal now is to turn seattlepi.com into the leading news and information portal in the region.”
Steven Swartz, president of Hearst Newspapers, said in the release the Web site “isn’t a newspaper online — it’s an effort to craft a new type of digital business with a robust, community news and information Web site at its core.”
He continued: “The Web is first and foremost a community platform, so we’ll be featuring new columns from prominent Seattle residents; more than 150 reader blogs, community databases and photo galleries. We’ll also be linking to the great work of other Web sites and blogs in the community.”
On Jan. 9, New York-based Hearst put the Seattle P-I up for sale and said that the paper would stop printing if a buyer were not found within 60 days.
Despite community concern, no buyer emerged. The P-I lost $14 million last year.
The P-I closure leaves Seattle with one daily newspaper — rival and business partner The Seattle Times. Demand for news has not fallen but the revenue model has changed faster than American newspapers can keep up. Thus, falling advertising revenue and the migration of readers to online has rocked newspapers large and small. The Rocky Mountain News in Denver closed in February. The Seattle P-I is the second newspaper to shut down in 2009.
Other major newspaper companies are reducing staff, eliminating bureaus and freezing pay in an attempt to get expenses in line with falling revenue.
http://www.seattlepi.com/business/403793_piclosure17.html
-Gary Gerdemann