Blog Post

Hearst Threatens SF Chronicle's Sale Or Closure Unless Unions Approve 'Significant' Cuts

imageYesterday, the big news out of Hearst Corporation was one hiring — that of Yahoo’s Neeraj Khemlani as digital advisor to CEO Frank Bennack, Jr. Today’s news from the private publishing company at best means more cuts at the San Francisco Chronicle and, at worst, the paper’s closure. (Yes, I fully realize some people will have a party over the fall of another newspaper and might throw a parade over that one.) According to a statement posted on the Hearst corporate site, the paper has had major losses each year since 2001, including more than $50 million in 2008, and “that this year