Seattle papers close to legal action

Posted: Monday, April 28, 2003

SEATTLE - The Hearst Corp. has remained mum over exactly what legal tactics it plans to use to keep The Seattle Times from shutting down its cross-town rival, but any court battle will likely focus on the Times' finances for the past three years.

The Times announced this weekend that, after three years of financial losses, it was prepared to begin negotiating with Hearst to close the 140-year-old Seattle Post-Intelligencer.

New York-based Hearst, which owns the P-I, was expected to file a lawsuit today.

Since 1983, the two newspapers have operated under a joint-operating agreement. But the Times says it's too costly to continue handling the non-news operations of both papers.

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