Buyer for Seattle Daily Looks Unlikely
A recession and a downturn in the newspaper business will make it tough to find a buyer for the Seattle Post-Intelligencer.
The managing director of the company hired to sell the Seattle Post-Intelligencer says it will do the best job it can – but industry analysts are skeptical a buyer will materialize.
The Hearst Corp. has hired newspaper industry investment bankers Broadwater & Associates of New York to seek a buyer for the state’s oldest newspaper.
In an interview Friday, managing director Bob Broadwater told reporters from the P-I, “It’s clear that right now the overall marketplace for media is very challenging.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in