San Francisco Chronicle up for sale listen02/25/09 Mitch E. Perry
WMNF Drive-Time News Wednesday | Listen to this entire show:
Yesterday the Hearst Corp. said it may sell or shut down San Francisco's main daily newspaper, the San Francisco Chronicle.
The paper lost $50 million last year, and has been losing money consistently since 2001.The daily newspaper employs nearly 300 people on its news staff alone, and is the 12th largest paper in the country.
Alan Mutter is a former Chronicle editor and is now an independent analyst and consultant and writes the blog Confessions of a Newsosaur.
WMNF spoke with him today from San Francisco, and asked him if Hearstâ€™s announcement was a way to put the fear of god into the unions representing Chronicle employees.
The Hearst Corp. announcing it would close the newspaper if a buyer doesn't come forward soon.