The Post-Intelligencer‘s last print edition was published March 17. The newspaper’s owner, The Hearst Corp., said the paper hadn’t been profitable since 2000 and showed no signs of turning around.

The P-I continues as an online-only news outlet, but it employs just 20 of the 150 or so journalists who had worked for the paper.

Seattlepostglobe.org has little money — about $3,000, with another $3,000 pledged. “We’re working as volunteers now,” Murakami said.

The site expects to rely to a great extent on reader donations. Murakami said the goal is to get 8,000 people to pledge $10 a month to help pay full-time, part-time or freelance staff.

Seattlepostglobe.org also intends to sell advertising. Murakami said it has struck a deal with the Seattle Weekly under which the alternative paper will sell ads for the site and keep half the revenue.

via Business & Technology | Former P-I journalists launch online news site | Seattle Times Newspaper.

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