In the race to economic rock bottom, media division, San Francisco, CA is set to earn a dubious distinction—becoming the first major metropolitan area in the United States without a real daily paper. The Hearst Corp. has announced that it will close the San Francisco Chronicle in a matter of weeks, unless a buyer can be found, or expenses reduced dramatically enough to put the money-losing paper in the black. Last year, Hearst sold the city’s other daily, the Examiner, for $100 and it has since been transformed into a commuter freebie. And San Fran, pop. 800,000, is not alone. Papers in many of America’s largest cities are seeking bankruptcy protection and threatening closure.
Will San Fran be the first major city without a newspaper?
Hearst to close the ‘Chronicle’ in a matter of weeks unless a buyer is found