Both the Maine sale and some Seattle real estate put on the market fail to meet their goal of closing in 2008. This could produce a very tough January for the local daily.
Estimates put the sale price at $30-40 million, about a $200 million loss from the 1998 purchase price. And the Seattle company apparently has to carry unfunded pension liabilities as part of the deal...
Brunswick News, part of the Irving family's vast industrial holdings in Canada, is kicking the tires of Blethen Maine Newspapers, which is owned by the Seattle Times Co. The Irvings own most of the...
Can real estate agents save the Seattle Times Co. from bankers? The company this week was said to be very close to finding buyers for four-plus acres of land in the South Lake Union neighborhood —...
Looks like The Seattle Times and the Seattle Post-Intelligencer won't face a Teamsters strike after all. Teamsters Local 174, which represents 74 drivers who haul the newspapers to Puget Sound...
Some Teamsters truckers, who have been feuding with the Seattle Times Co. since last November over plans to outsource heavy trucking to independent contractor Penske, voted Sunday, Sept. 21, to...
The block in front of Times' headquarters is now included as part of security for the company's $91 million debt to banks. Meanwhile, the paper is scaling back features, and sale of its Maine papers...
Rocky Mountain News has a lot of parallels with the Seattle situation, being part of a joint operating agreement. Another paper on the market doesn't make it easier for the Seattle Times Co. to sell...