"If the P-I does close and the JOA ends, it will enhance the chances that The Seattle Times can survive the recession even though our continued operation will require additional sacrifices by its employees and owners.Take Blethen's statement with a grain of salt, since Blethen has an obvious motive to paint a rosy picture of his paper. The Post-Intelligencer has 117,00 subscribers; it will be interesting to see what the Seattle Times offers them to subscribe to the Times. FYI, McClatchy has a 49% stake in The Seattle Times.
"The JOA structure is inefficient and has been a significant part of the deep losses experienced at both papers.
"Long term, post-recession, we believe single metro newspapers/Web sites will be viable businesses, and more importantly, significant community assets providing a sense of place, news, community connection and watchdog journalism. While we have always believed that a locally owned newspaper is a special asset to its community, The Seattle Times has limited resources to ride out the recession. We have committed to do everything we can to preserve The Seattle Times as a local independent newspaper."
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