Comments on: Ready for Online Only? Seattle Paper Mulls it Over http://localonliner.com/2007/04/03/ready-for-online-only-seattle-paper-mulls-it-over/ Peter Krasilovsky's Fri, 18 May 2012 14:01:33 +0000 hourly 1 http://wordpress.org/?v= By: Peter http://localonliner.com/2007/04/03/ready-for-online-only-seattle-paper-mulls-it-over/comment-page-1/#comment-58473 Peter Wed, 18 Apr 2007 17:40:13 +0000 http://localonliner.com/?p=351#comment-58473 OK, "online only" won't happen. On 4/17, the two sides made their deal, and the P-I will be kept alive for at least nine more years. Under the agreement, Seattle Times Co. will pay Hearst $49 million, and Hearst pays $25 million to keep the JOA going until at least 2016. The deal gets rid of the need for The Times to account for "losses" and allows for more normal operations. It seems like a good deal. OK, “online only” won’t happen. On 4/17, the two sides made their deal, and the P-I will be kept alive for at least nine more years. Under the agreement, Seattle Times Co. will pay Hearst $49 million, and Hearst pays $25 million to keep the JOA going until at least 2016. The deal gets rid of the need for The Times to account for “losses” and allows for more normal operations. It seems like a good deal.

]]> By: Caribbean Carl http://localonliner.com/2007/04/03/ready-for-online-only-seattle-paper-mulls-it-over/comment-page-1/#comment-57269 Caribbean Carl Wed, 11 Apr 2007 19:01:27 +0000 http://localonliner.com/?p=351#comment-57269 The most likely scenario in which the Hearst paper would shift to online only status is if this move would be consistent with the provisions in its contract with The Times which enablie it to collect 32% of The Times profits after shutting down the paper. After all, an online local news site isn't actually a newspaper, since it isn't printed on paper. Aside from allowing Hearst to possibly have its cake and eating it too, this would allow them to fire fewer employees, and gain valuable experience with an online-only local news operation. The most likely scenario in which the Hearst paper would shift to online only status is if this move would be consistent with the provisions in its contract with The Times which enablie it to collect 32% of The Times profits after shutting down the paper.

After all, an online local news site isn’t actually a newspaper, since it isn’t printed on paper.

Aside from allowing Hearst to possibly have its cake and eating it too, this would allow them to fire fewer employees, and gain valuable experience with an online-only local news operation.

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