As part of its cost-cutting efforts, the Seattle Times has told union employees it has looked into not printing its paper every day and is weighing moving employees from its Denny Building annex (left, behind 13 Coins) into its Fairview Avenue headquarters.
The non-daily publication proposal won't pencil out "at this time," says the Times, but apparently remains an option. And while shifting satellite offices from the historic former Furniture Mart building to Fairview will cost $1 million, that could be cost-effective if the building is leased or sold first.
The Times last year cut 500 employees - leaving a work force of 1,356 - and is asking most of them to take 12 percent pay and benefit reductions. It has agreed to open its books to the Newspaper Guild to prove it is hurting financially and, as Guild leader Liz Brown says, "When that happens, it's bad."
The paper won't, however, agree to any further voluntary severance or early retirement packages, and the possible sale of its Maine newspapers will have little effect on the Seattle dilemma. "The debt from Maine is really not the reason behind the need for cuts," says Times Senior Vice President Alayne Fardella.