The New York Times reports that, since the demise of the Seattle Post-Intelligencer, Seattle's remaining daily newspaper has begun to turn a profit. When the PI went out of business, many of the subscribers just re-upped with the Times.
Meanwhile, several of the online news site that have sprung up since the PI closed up shop, are doing well.
From the story:
... But The Times has improved its prospects by picking up most P-I subscribers and managing to keep them so far. It says its daily circulation rose more than 30 percent, to more than 260,000 in June, from about 200,000.And:
Oddly enough, what remains of The P-I is also faring better than expected. The Hearst Corporation kept the paper’s Web site alive as a news operation with a small staff, heavily reliant on more than 200 unpaid bloggers who write on things as diverse as their neighborhoods, cooking and marathon running.Industry analysts called it a long-shot experiment, but SeattlePI.com has kept most of the reader traffic it had as a newspaper site. Hearst will not say whether it makes money, but it says that audience and revenue are ahead of projection.
SeattlePI’s news staff of 20 people, down from The P-I’s 165, covers only a few subjects closely, like crime, the aerospace industry and transportation, while offering links to news on other sites. Michelle Nicolosi, the executive producer, said the site, rather than resembling a traditional news organization, “is trying to be Seattle’s home page.”
Other news sites populated by former P-I staff members have also cropped up, expanding Seattle’s already-vibrant range of alternative news choices, and turning the city into something of an online news laboratory.