"Hearst Corp. put Seattle's oldest newspaper, the Seattle Post-Intelligencer, up for sale Friday, saying that if it can't find a buyer in the next 60 days, the paper will close or continue to exist only on the Internet."
FWIW, the notion that an Internet paper would be more profitable than a print one surprises me. Generally, the business model of newspapers is that subscription and news stand charges cover the costs of printing and delivery, while advertising covers the newsroom costs. Meanwhile, advertising prices are driven mostly by print copies sold. It would be suprising if a paper could make as much money from internet only ads as it does from ads in its print edition.
Bottom line: the Seattle Post-Intelligencer, like the Rocky Mountain News, is dead if it isn't purchased by investors willing to take short term losses for a while.