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San Francisco Chronicle Faces Threat of Sale, Closure

HeadlineFeb 25, 2009

In other media news, the owner of the San Francisco Chronicle is warning it will sell or close the newspaper if it can’t drastically cut costs. The Hearst Corporation says the Chronicle will need to carry out significant layoffs to stay afloat. The Chronicle is the largest newspaper in Northern California. Hearst says it lost $50 million last year.

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