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Citizens' committee wants to keep [Seattle] Times — P-I proceedings in court
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| Contributor | Ralphie |
| Last Edited | Ralphie Apr 06, 2006 04:32pm |
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| Category | News |
| Media | Newspaper - Seattle Times |
| News Date | Thursday, April 6, 2006 10:30:00 PM UTC0:0 |
| Description | A citizens' committee on Wednesday struck back against a move by Seattle's two daily newspapers to settle their long-running legal fight behind closed doors, arguing the public interest could be irreparably harmed.
The Committee for a Two-Newspaper Town asked King County Superior Court Judge Greg Canova to reject a joint bid by The Seattle Times and The Hearst Corp., owner of the Post-Intelligencer, to put all court proceedings on hold so the companies can submit their dispute to binding arbitration.
The Committee for a Two-Newspaper Town is an intervenor in the legal war that has pitted Seattle's two newspapers against each other for three years. At stake: the future of the joint operating agreement (JOA) that has bound them for 23 years, and the continued existence of the P-I.
Under the JOA, The Times handles the business and production side for both newspapers while each maintains separate news and editorial operations. The Times gets 60 percent, Hearst 40 percent of what's left after combined non-news expenses are subtracted.
The Times, which maintains the smaller P-I has become an economic burden that threatens The Times' future, notified Hearst in April 2003 that it had lost money in each of the previous three years under a formula prescribed by the JOA. Under the contract, that triggered an escape clause that calls for closure of the P-I, termination of the JOA or both.
Hearst, which has said the P-I can't survive outside the JOA, filed a lawsuit challenging the validity of The Times' losses. |
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