Comment on DealBook: Hearst May Sell or Close S.F. Chronicle

DealBook: Hearst May Sell or Close S.F. Chronicle

Hearst said on Tuesday that it may sell or close The San Francisco Chronicle if it cannot wring enough savings from the money-losing newspaper. The announcement is the latest in a string of bad news for the newspaper industry, as several large papers and their publishers contemplate filing for bankruptcy amid plummeting advertising and circulation numbers.

 

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