"Time and this rotten economy" were cited by the publisher of the Seattle Post-Intelligencer as reasons for the newspaper's hardcopy demise. Like others before it, though, the publication will attempt to live on as an online-only media outlet (see story below from the Associated Press).(AP) -- 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 and shift entirely to the Web.
Manhattan-based Hearst Corp., which owns the 146-year-old P-I, said Monday (16 March 09) 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.
"Tonight will be the final run, so let's do it right," Publisher Roger Oglesby told the newsroom.
Hearst's decision to abandon the print product in favor of an Internet-only version is the first for a large American newspaper, raising questions about whether the company can make money in a medium where others have come up short.
