The Seattle Post-Intelligencer, which has been in financial trouble since I was a child, has finally folded.
The failure of the PI can be seen as an application of Hotelling’s Law. Two newspapers can survive with one slightly left of center and the other slightly right of center. Then each gets half the market share. With one far left paper (the Seattle Times) and one even further left paper (the PI), the one at the extreme will not survive.