New bad news at the Seattle Times
Advertising in February was down 45% over the previous year, and the Times' pension plan has become underfunded, according to a memo to the staff.
Bill Richards
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Hearst skips final option payment to Seattle Times
Move underscores Hearst's statement that it has no interest in acquiring the rival paper. It also says it would operate a digital P-I outside the joint operating agreement with the Times.