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  KING-TV: Seattle P-I for sale, could close
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ContributorRalphie 
Last EditedRalphie  Jan 10, 2009 03:37pm
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CategoryAnnouncement
MediaNewspaper - Seattle Times
News DateThursday, January 8, 2009 09:00:00 PM UTC0:0
DescriptionThe future of the Seattle Post-Intelligencer appeared uncertain tonight after a local television station reported the newspaper is setting the stage for closure — but then the paper's managing editor said he knew of no such plans.

KING-TV reported at 5 p.m. that the P-I will be put up for sale. The information was attributed to an unnamed source who is "close to the deal." The television station said that neither the Hearst Corporation, which owns the P-I, nor the paper's publisher was available to immediately confirm the report. However, the source said the news could be officially announced as early as tomorrow.

"We're told Hearst does not expect another buyer to step forward and that Seattle will likely become a one newspaper town within the next few months," KING reported.

But soon after, the P-I posted a report saying managing editor David McCumber knows of no plans to sell the paper. At about 5:15 p.m., according to the P-I, McCumber told the newsroom's staffers, "If this is going on — and I don't know that it is — it's going on at a level that's far above me, and nobody has seen fit to clue me in. I think it's a bunch of rumor."
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