Another liberal newspaper about to bite the dust: San Francisco Chronicle to be sold or closed if owner can’t lower expenses dramatically

Looks like people will need to find another newspaper (The NY Times until it dies perhaps?) for birdcages and dog droppings. 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.

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February 24, 2009 · Filed Under Liberal Media Bias


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