Tuesday, February 24, 2009

Chronicle to Shut Down?

By Robert Gammon
Tue, Feb 24, 2009 at 3:13 PM

San Francisco Chronicle officials announced this afternoon that they need to make huge cuts to their operations, or they will have to sell the paper or close permanently. The paper lost $50 million last year and is on track to lose even more this year. The once profitable operation has been hammered by the loss of classified advertising to Craigslist and the unprofitability of online journalism.

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