Hearst May Shut Down San Francisco Chronicle
By John Johnson,  Newser Staff
Posted Feb 24, 2009 7:19 PM CST
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)

(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.