San Francisco Chronicle: 'dire'

Dateline: Wed 25 Feb 2009

This is from the Indianapolis Star's mid-day biz report, sent by a reader:

"Hearst's S.F. Chronicle facing dire cuts"

"Hearst Corp. is threatening to sell or close the San Francisco Chronicle unless it can push through more job cuts.

"The publisher, already trying to sell the Seattle Post- Intelligencer, said Tuesday that it's seeking buyouts for a 'significant' number of its 1,500 Chronicle employees after the paper lost $50 million last year."

Many of us are keeping an eye on Gannettblog today as well, to see what happens when the Gannett board meets and possibly reduces dividends.

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