SEATTLE — Hearst Corp. put Seattle’s oldest newspaper, the Seattle Post-Intelligencer, up for sale on Friday and said that if it can’t find a buyer in the next 60 days the paper would likely close or continue to exist only online. If it does become an Internet-only operation, the P-I, as the paper is known locally, would have a ‘greatly reduced staff,’ Hearst said in a statement. Hearst is a major media company that also owns TV stations, other newspapers and magazines including Cosmopolitan. ‘In no case will Hearst continue to publish the P-I in printed form’ once the 60 days are up, Hearst said. Steve Swartz, the head of Hearst’s newspaper division, broke the news to employees in a meeting Friday. Seattle is one of two major cities on the verge of losing its second daily newspaper as the industry tries to pull out of a tailspin brought on by falling circulation and advertising revenue. Denver’s Rocky Mountain News recently put itself up for sale in the face of steep losses and could close if a buyer isn’t found soon. Hearst said it is not considering buying The Seattle Times, the city’s other daily […]