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Wednesday, January 28, 2009

Seattle Times Bankruptcy Rumors Continue to Swirl

Posted by on Wed, Jan 28, 2009 at 2:25 PM

Although a rumor that Newspaper Guild president Liz Brown sent an email to guild members warning that the Seattle Times is about to declare bankruptcy appears to be untrue, the rumors that a bankruptcy is imminent continue to swirl. A woman who answered the phone at Brown's office said she hadn't sent an email to that effect but acknowledged that "everyone is worried, obviously"; meanwhile, Times spokeswoman Jill Mackie responded to an email I sent to executive editor David Boardman with an odd nondenial denial:

Erica, Dave forwarded your question to me. I do not know on what basis Liz raised this as a possibility. That said, the actions we take or planning we engage in are aimed at preserving The Seattle Times and as many jobs as possible into the future. Hearst's recent surprise announcement is a reflection of the economic reality that in today's economy it is a struggle for even a single newspaper to be profitable and impossible for multiple papers in a single market. A timely end to the JOA gives The Seattle Times the best opportunity to be viable long term, but short term weathering this recession will still be a significant challenge. We will explore all options that will allow us to get through this very tough time and preserve jobs and content.

Jill

On some recent Mondays and Tuesdays, the Seattle Times has had as little as three pages of ads, total—including classifieds. Even at $27,000 a half-page, that's hardly enough to keep a newspaper the size of the Times afloat.

 

Comments (10) RSS

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1
"This rumor has been found to have no basis in fact repeatedly, so I'll just keep posting it. Who knows, eventually it might turn out to come true?"
Posted by rjh on January 28, 2009 at 2:58 PM
2
@1, it's okay to post rumors, because it's Slog, and it's just a blog. Brendan Kiley said so.
Posted by bu bu banana on January 28, 2009 at 3:18 PM
3
Financially or Morally?
Posted by aritistdogboy on January 28, 2009 at 3:29 PM
4
Do you even know what Liz wrote in her email? Did you even bother trying to find out? I guess if slog writers speculate and flame rumors long enough they're bound to get one of them right.
Posted by heywhatsit on January 28, 2009 at 3:31 PM
5
Good...I have a list of Times people that I'd happily see unemployed and begging for food in Pioneer Square.

Also, no more gawdamned phone calls from the subscription department at all hours of the day.
Posted by michael strangeways on January 28, 2009 at 3:32 PM
6
"Within the Guild we have been preparing for a number of worst-case scenarios, including the possibility that the Times might enter the Chapter 11 bankruptcy process."
Posted by quote on January 28, 2009 at 3:36 PM
7
@6: Your point?
Posted by rjh on January 28, 2009 at 3:55 PM
8
@4 asked what Liz wrote. That's what she wrote.
Posted by quote on January 28, 2009 at 4:33 PM
9
The Stranger: Seattle's only newspaper!

That'll mean raises for everybody, right?
Posted by Eric Arrr on January 28, 2009 at 5:52 PM
10
Yeah, sure, Eric.

My guess is they'll use this as an excuse to bust the union, while the WSJ and NYT continues to eat away at their reader base.
Posted by Will in Seattle on January 28, 2009 at 6:16 PM

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