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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Seattle P-I employees may lose jobs next week AFP - Wednesday, March 11 WASHINGTON (AFP) - - Seattle Post-Intelligencer employees have been told they may lose their jobs as early as next week, the newspaper said Tuesday, after a deadline set by owner Hearst Corp. to find a buyer expired. ADVERTISEMENT Seattlepi.com, the paper's website, said the daily's 170 employees "have been officially notified that their jobs will end between March 18 and April 1." The newspaper said Hearst is obliged to pay employees of the P-I, as the daily is known, through March 18 but is "free to shut down any time." Hearst, which also owns the embattled San Francisco Chronicle, threatened two months ago to fold the P-I if no buyer emerged. That deadline expired on Monday. "We are still evaluating our options," the newspaper quoted Hearst spokesman Paul Luthringer as saying in an e-mail. "Timing of the decision is uncertain." "These options exist: 1) Seek buyer. If no buyer, then 2) Go digital, or 3) Close. No decision has been made," the Hearst spokesman said. The P-I last week reported that Hearst had offered some reporters jobs with an online-only version of the nearly 150-year-old newspaper if Hearst carries out its threat to shut down the print edition. The P-I, which was founded in 1863 as the Seattle Gazette, has a daily circulation of 114,000. Hearst, which has owned the P-I since 1921, said the newspaper has had operating losses since 2000 and lost some 14 million dollars 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. The San Francisco Chronicle and its largest union reached a tentative agreement on contract concessions on Monday that Hearst says are necessary to keep the newspaper alive. Hearst announced two weeks ago that the Chronicle, which lost 50 million dollars last year, will be shuttered or put up for sale unless staffers at the newspaper agreed to "significant" job cuts. Another newspaper chain, E.W. Scripps Co. shut down Colorado's oldest newspaper, The Rocky Mountain News, last month, and a number of other struggling US newspapers have recently declared bankruptcy. They include Philadelphia Newspapers, owner of the Philadelphia Inquirer and the Philadelphia Daily News; the Tribune Co., owner of The Los Angeles Times, Chicago Tribune and six other dailies, and the Minneapolis Star Tribune. 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. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Seattle P-I employees may lose jobs next weekAFP - Wednesday, March 11 San Francisco mayor "tweets" as California politics goes TwitterAFP - Wednesday, March 11 Disney launches new fan websiteAFP - Wednesday, March 11 Craigslist claims 'spectacular' results in curbing sex adsAFP - Wednesday, March 11 Related Articles: Technology Seattle P-I employees may lose jobs next weekAFP - Wednesday, March 11 San Francisco mayor "tweets" as California politics goes TwitterAFP - Wednesday, March 11 Disney launches new fan websiteAFP - Wednesday, March 11 Craigslist claims 'spectacular' results in curbing sex adsAFP - Wednesday, March 11 US struggles to pinpoint cyber attacks: Top officialAFP - Wednesday, March 11 Enlarge Photo Seattle Post-Intelligencer employees have been told they may lose their jobs as early as next week, the newspaper said Tuesday, after a deadline set by owner Hearst Corp. to find a buyer expired. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Chimp used planning skills to attack humans World faces 'Great Recession': IMF chief Madoff set to plead guilty, could face 150 yrs in jail Global economy near pick-up: G10 bankers Citi outlook sparks explosive Wall Street rally View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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