The owner of the San Francisco Chronicle will sell or close the daily newspaper if it can't dramatically lower expenses within the next few months.
The Hearst Corp., which owns northern California's largest daily newspaper, didn't specify a savings target in Tuesday's grim announcement. But the New York-based company said the cost cutting will require significant layoffs.
Tuesday, February 24, 2009
Troubled San Francisco Chronicle in danger of closing
The AP reports:
