According to the New York Times' Richard Perez-Pena, there's bad news for Seattle, one of the remaining two newspaper towns. In the article, Perez-Pena reports, "Hearst said that if it could not find a buyer (for the Seattle Post-Intelligencer), it would either shut the paper entirely or make it an Internet-only operation with a much-reduced staff."
The decision could be made within 60 days.
Interestingly, until now, the Seattle Times was considered to be the paper more at risk.
Check out the article: "Hearst Looks to Sell or Close Seattle Paper."