Skip to comments.Troubled San Francisco paper in danger of closing [San Francisco Chronicle is dying]
Posted on 02/25/2009 12:41:41 PM PST by rabscuttle385
SAN FRANCISCO (AP) -- The San Francisco Chronicle joined the lengthening list of imperiled newspapers Tuesday as its owner set out to purge the payroll and slash other expenses in a last-ditch effort to reverse years of heavy losses.
If it can't reduce expenses dramatically within the next few weeks, the Hearst Corp. said it will close or sell the Chronicle, northern California's largest newspaper with a paid weekday circulation of 339,430.
Hearst didn't specify a savings target nor a deadline for wringing out the expenses. A Hearst spokesman didn't immediately respond to messages Tuesday.
But management made it clear that the cost-cutting will require a significant number of layoffs.
"Our current situation dictates that we accomplish these cost savings quickly," Chronicle Publisher Frank Vega wrote in a memo to the staff. "Business as usual is no longer an option."
(Excerpt) Read more at biz.yahoo.com ...
You mean Mark Morford is going to have to turn burgers for the great unwashed in order to make his bills? Oh please! PLEEEEEASE!
“If it can’t reduce expenses dramatically within the next few weeks, the Hearst Corp. said it will close or sell the Chronicle, northern California’s largest newspaper with a paid weekday circulation of 339,430.’
They’re all twittering up there now...
This is a dreadful paper.
Yeah, I’m all tore up about this.
Memo to all leftist Obama worshipping propaganda dead tree newspapers:
You have destroyed all your credibility and circulation.
SO DIE ALREADY!
Is it bad to want to cheer?
Happy days are here again, the news is full of cheer again,...
You think the Chron should make movies?? “Pulled from the headlines films?”
Marvel (or was it DC?) took out a billion dollar loan to make films. They bet the company on those films! They were Spiderman, X-Men and Fantastic Four.
I think they won their bet. They had mortgaged the whole company and if they had flopped it’d been history
One of the most horrid newspapers on the face of the earth. No sorrow here.
The Chronicle could save its own life by printing full page color cartoons.
They should start making big-budget movies about the Chronicle? I don't think that'll work.
Two out of three is a whole lot better than you'll do in Vegas. Of course, then they parlayed that into two more X-Men films, two more Spiderman films, Ironman, and the much-awaited Watchmen.
Agree. Why should they be surprised that their decades-long campaign against capitalism, commercial forest use, private property, and fairness in the media would come back to bite them where it hurts? It’s like the Minneapolis paper suing its printer union. Doesn’t the business office communicate with the editorial office?
“The Chronicle could save its own life by printing full page color cartoons.”
Or the soviet style propaganda pix of Obama. Page after page.