San Francisco may lose its main newspaper, the San Francisco Chronicle, as owner Hearst Corp cuts a "significant" number of jobs and decides whether to shut or sell the money-losing daily. The privately held New York-based publisher already is considering shutting a second West Coast paper, the Seattle Post-Intelligencer, in the face of a devastating decline in advertising revenue and big losses.
Wednesday, February 25, 2009
MOURN THE CHRON
This is the year daily newspapering descends into a coma. This week the Philadelphia Inquirer went bankrupt. Now, word of two significant dailies possibly going nips-up. As Reuters reports:
Wingnuts on both fringes will cheer the decline of American newspapering. They will realize, too late, that killing the tree means no fruit for anyone.