By: Hearst Corp. says it has not yet decided whether to turn Seattle's oldest daily newspaper into an Internet-only operation.
In a letter Wednesday to the Committee for a Two-Newspaper Town, which is a group devoted to keeping the Seattle Post-Intelligencer alive, the company says it's still reviewing its options.
Hearst announced last month that it was putting the P-I up for sale, and that if no buyer emerged the paper would likely be shut down or left as a news Web site with a greatly reduced staff.
Hearst also revealed two other details in its letter.
First, it says it will not make a final $1 million payment this year to The Seattle Times to maintain its right of first refusal should The Times be put up for sale.
Secondly, it says that if the P-I becomes an Internet-only operation, it will do so outside the joint-operating agreement that governs the relationship between The Times and P-I.
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