Publish to Newswire
Add an EventFrom the Open-Publishing Calendar
From the Open-Publishing Newswire
Indybay Feature
San Francisco Chronicle to cut jobs, might close!
More than 100 employees gathered in a conference room to hear the news from Editor Ward Bushee and Publisher Frank Vega after receiving a message about a mandatory staff meeting. "Some people were crying at the meeting," said Rachel Gordon, 47, a transportation reporter at the paper. "But people are trying to get the newspaper out for tomorrow."
By Robert MacMillan and Janet Kornblum
NEW YORK/SAN FRANCISCO, Feb 24 (Reuters) - Hearst Corp will lay off a "significant" number of jobs at the money-losing San Francisco Chronicle, and may shut the daily paper if it cannot cut costs within weeks.
It would be the second West Coast U.S. newspaper that the New York-based publisher may shut down in coming weeks as they struggle with a devastating decline in advertising revenue and big losses.
Privately held Hearst has said it might take the Seattle Post-Intelligencer online only or close the paper if it cannot find a buyer by mid-March.
The Chronicle lost more than $50 million last year and this year's losses to date are worse, Hearst said in a statement on its website on Tuesday. It has lost "major" amounts of money since 2001, a year after Hearst bought the paper.
(cont)
NEW YORK/SAN FRANCISCO, Feb 24 (Reuters) - Hearst Corp will lay off a "significant" number of jobs at the money-losing San Francisco Chronicle, and may shut the daily paper if it cannot cut costs within weeks.
It would be the second West Coast U.S. newspaper that the New York-based publisher may shut down in coming weeks as they struggle with a devastating decline in advertising revenue and big losses.
Privately held Hearst has said it might take the Seattle Post-Intelligencer online only or close the paper if it cannot find a buyer by mid-March.
The Chronicle lost more than $50 million last year and this year's losses to date are worse, Hearst said in a statement on its website on Tuesday. It has lost "major" amounts of money since 2001, a year after Hearst bought the paper.
(cont)
For more information:
http://uk.reuters.com/article/marketsNewsU...
We are 100% volunteer and depend on your participation to sustain our efforts!
Donate
$220.00 donated
in the past month
Get Involved
If you'd like to help with maintaining or developing the website, contact us.
Publish
Publish your stories and upcoming events on Indybay.
Topics
More
Search Indybay's Archives
Advanced Search
►
▼
IMC Network
Chronicle Staff Report
Wednesday, February 25, 2009
The Hearst Corp. on Tuesday announced an effort to reverse the deepening operating losses of its San Francisco Chronicle by seeking near-term cost savings that would include "significant" cuts to both union and nonunion staff.
2/24/2009 6:11:47 PM
there are many reasons the newspaper industry is in trouble, most of which I sympathise with. But the Chronicle, like the Minneapolis Star Tribune, signed its own death warrant by hitching its reputation to right-wing apologism and extremist pundits that are completely at odds with the character of the region in which the newspaper is based. The chronicle has tons of great writers, but the likes of Debra Saunders and the former Cinnamon Stillwell - neither of which seems capable of fact-checking an article - drove Bay Areans away in droves and left the Chronicle with no local base of support when hard times came. Add to that the slanted news coverage of Schwarzenegger during his campaigns, and people in the Bay Area - like the people of Minneapolis - stopped thinking they even had a "hometown paper". This isn't a matter of eliminating conservative thought; it's a matter of finding honest conservatives, and finding voices that actually represent your community. It's a sad day.
The posts that make it to local or global do not come from corporate media outlets such as Reuters. Please go to "About" up at the bar at the top to learn more about what Indymedia is. Thanks!