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March 16, 2009

The US Print Media's Relentless Retreat

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Update

Seattle Post-Intelligencer publishes its last front page. From today on, it will be available only online.

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The bloodletting won't stop, and it's hard to keep up with it.

Today, the Seattle Post-Intelligencer, the largest US newspaper yet to make this decision, has announced that it will stop its print edition and focus entirely on its webpage.

The 146-year-old newspaper said it will print its final edition on Tuesday after its publisher, the Hearst Corp., failed to find a buyer for the money-losing enterprise.

Also, the 140-year old Tucson Citizen, the one that chronicled the legendary OK Corral shootout in Tombstone, will publish its final edition on Saturday.

Gannett Co. Inc., the Southern Arizona newspaper's publisher, also failed to find a buyer and decided to shut it down because "the paper was losing money and was a drain on Gannett operations."

On Friday, The Washington Post announced it will stop publishing its stand-alone business section and that it will consolidate it with its main-news section starting on March 30.

The Post called the decision "a reality" given the dire straits the industry is going through and that it will "dramatically reduce the amount of stock data it publishes."

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