Hearst prints final Seattle PI


Source: Reuters
Author: Gina Keating

The Hearst Corp plans to roll out the final print edition of its ailing Seattle Post-Intelligencer on Tuesday then move it online, ending speculation about the fate of the 146-year-old newspaper. Hearst, which failed over two months to find a buyer for the venerable daily, on Monday said it will move 20 of the newspaper's workers to the new, free online business, while another 145 had taken severance packages. Hearst believes the Post-Intelligencer is the largest daily newspaper to migrate entirely to an online version. Hearst may also close the San Francisco Chronicle -- which lost more than $50 million in 2008 and may lose more this year -- unless it can save money via layoffs and other cost cuts.

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