Seattle Post-Intelligencer to go online only

Seattle Post-Intelligencer to go online only
AFP
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First Published: Tue, Mar 17 2009. 11 36 AM IST
Updated: Tue, Mar 17 2009. 11 36 AM IST
Washington: The Seattle Post-Intelligencer newspaper announced Monday that it will publish its final print edition on Tuesday and go online only.
The P-I, as the daily is known, reported on its website Seattlepi.com that its publisher, the Hearst Corp., had decided to shut down the print operation of the money-losing newspaper.
“The P-I will become the nation’s largest daily newspaper to shift entirely online,” it said.
The newspaper, which was founded in 1863 as the Seattle Gazette, has a daily circulation of 114,000.
A deadline set by Hearst to find a buyer for the P-I expired last week.
Hearst, which has owned the P-I since 1921, said the paper has had operating losses since 2000 and lost some $14 million in 2008.
Like other US newspapers, the P-I has been struggling with a steep decline in print advertising revenue, falling circulation and the migration of readers to free news online.
Hearst announced this month that another of its papers, the San Francisco Chronicle, which lost $50 million dollars last year, will be shuttered or put up for sale unless staffers agreed to “significant” job cuts.
The 100-year-old Christian Science Monitor announced last year that it plans to end its daily print edition in April and become the first national newspaper to publish only on the Internet.
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First Published: Tue, Mar 17 2009. 11 36 AM IST