McClatchy, which owns 49.5 percent but has no say in operations, says its share of the locally owned, private company dropped in value in less than a year from $102 million to $19 million.
With Skiff, Hearst plans to enter the e-reader market and give the online P-I another way to compete with the Seattle Times.
Up to 150 jobs will be eliminated through voluntary or involuntary layoff.
If the Seattle Times Co. can't sell its Maine subsidiary, the consequences could be severe — including closure of three of that state's biggest dailies and loan default for the parent company, according to newly filed legal documents. And while a deal might seem imminent, the Times Co. calls it "hig
Seattle Times Publisher Frank Blethen's new mantra for his paper's employees goes like this, according to an in-house memo circulated around the Seattle paper on Monday: "Survive'ꀦtransform'ꀦtransition'ꀦthrive." Sounds kind of catchy, but so far the Times seems to be hung up on the "survive"
