16 Mar 2009, 5:43pm
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by admin

Seattle Post-Intelligencer newspaper goes bye-bye

By Phuong Le , Forbes.com, March 16, 2009 [here]

The Seattle Post-Intelligencer, which has chronicled the news of the city since logs slid down its steep streets to the harbor and miners caroused in its bars before heading north to Alaska’s gold fields, will print its final edition Tuesday.

Seattle becomes the second major city to lose a newspaper this year, following Denver, as many U.S. dailies face uncertain futures, battered by quickly declining ad revenue in the age of the Internet and a teetering economy.

Hearst Corp., which owns the 146-year-old P-I, said Monday that it failed to find a buyer for the newspaper, which it put up for a 60-day sale in January after years of losing money.

The P-I’s roots date to 1863, when Seattle was still a frontier town. It will now shift to another frontier for newspapers: entirely to the Web.

“Tonight will be the final run, so let’s do it right,” publisher Roger Oglesby told the newsroom. The P-I’s closure leaves Seattle with one major newspaper, the Seattle Times.

The Rocky Mountain News in Denver closed earlier this month after its owner, E.W. Scripps Co. (nyse: SSP - news - people ), couldn’t find a buyer. In Arizona, Gannett Co. (nyse: GCI - news - people )’s Tucson Citizen is set to close Saturday, leaving one newspaper in that city.

And last month Hearst said it would close or sell the San Francisco Chronicle if the newspaper couldn’t slash expenses in coming weeks.

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