Hearst to take on Amazon's Kindle with new e-reader device

 Publishing giant Hearst -- which has announced plans to sell or close the Seattle P-I and the San Francisco Chronicle -- has developed a new electronic reading device that is expected to debut later this year, reports Fortune.  The new device is interesting for Seattle readers, not only because of its implications for the future of the Seattle P-I but also because the device could compete with Amazon.com's Kindle. The Kindle already offers electronic versions of some of the top newspapers in the country, including The New York Times, LA Times and The Seattle Times. More