Biz, U.S.: More newspaper death and destruction – in San Francisco
- The Chronicle’s screwed The San Francisco Chronicle, one of the largest papers in the country, has been bleeding money for years. It lost a modest $50 million last year. Yesterday, it told its staff that it either must cut costs significantly, including workers, or it will die. At the least, it will probably sell.
- The industry sucks A long list of papers, including ones in major cities like Seattle and Denver, are also on death watch right now, and they may not make it through the next month, let alone the next year. Hate to say it, but Mark Andreessen is sounding more right by the day. source
