Hearst "Just Not That Into" Seattle Times or P-I

Crosscut's Bill Richards has the story on Hearst's signal of disinterest: "Hearst Corp. said today that it won’t make a final $1 million payment to the Times’ majority owners, the Blethen family, for the right to bid first for the Blethens’ 50.5 percent stake in the company." Hearst also said that if they turn P-I into a pixel-only publication, they would do so outside the warm bosom of the JOA. But they haven't decided yet. "What's the big rush? Stop pestering us!" Meanwhile, the Seattle Times is in "survival mode," reports the Stranger--they're asking the unions for 12 percent payroll cuts. This is grim news indeed for Stranger staffers who were hoping to sell out and snag a cushy MSM job one day.

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I'm not quite sure anyone currently writing at the Stranger is quite at the level for a MSM job. It'll be interesting to see what happens to that rag once local advertising starts (continues?) to plummet through 2009.

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