Wild (?) Speculation of the Week: Hearst to Buy Belo

From a Seattle-based carbon life form:

KING-5 here in Seattle, a Belo station, began reporting yesterday that the Seattle Post-Intelligencer was to close. There’s been wild and rampant speculation as to how they and they alone could know this (they continue to stand by the story). One of the rumors that came down was that Belo was acquired by Hearst, and since Hearst cannot own a newpaper and television station in the same market, Hearst would be forced to shut down the PI. The only possible source of that information would appear to be through Belo. We really don’t know what’s going on. Everyone at both the Times and PI are stunned. And no one can figure out the source of that story. Either that reporter is the best reporter in the city, or she’s the village idiot. Which I guess depends on whether this report is true.

Update: To clarify, the idea is that Hearst has bought Belo (broacasting), not A.H. Belo (newspapers).