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Hearst May Shut Down San Francisco Chronicle

By John Johnson,  Newser Staff

Posted Feb 24, 2009 7:19 PM CST

(Newser) – More bleak news from the world of newspapers: Hearst is threatening to shut down the San Francisco Chronicle—the nation's 12th largest daily—unless it makes massive cuts. Otherwise, Hearst will seek a buyer for the 144-year-old paper, which lost $50 million last year and is doing worse in 2009, MarketWatch reports. The prospect of finding a buyer is grim, making San Francisco a contender to become the first major city without a daily paper, notes the Wall Street Journal.

Pressmen check the print quality of a copy of a San Francisco Chronicle special edition for the inauguration of Barack Obama.
Pressmen check the print quality of a copy of a San Francisco Chronicle special edition for the inauguration of Barack Obama.   (AP Photo/Jeff Chiu)
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COMMENTS
Showing 3 of 9 comments
BackAgain
Feb 25, 2009 9:49 PM CST
Yet more dribble.
Doctor-Zaius
Feb 25, 2009 7:38 PM CST
You right wingers really do have a hard time connecting the dots............... NEWS CORP SHARES PLUNGE FOLLOWING LOSS ANNOUNCEMENT..................http://www.tradingmarkets.com/.site/news/Stock%20News/2162844/
Guest
Feb 25, 2009 6:25 AM CST
You sure you're a journalist? There're more journalists now than ever before. Just check out all the new journalism outlets and all the .com pundits and reporters on television and the internet.

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