Associated Press
Another paper in dire financial straits
The San Francisco Chronicle joined the lengthening list of imperiled newspapers Tuesday as its owner set out to purge the payroll and slash other expenses in a last-ditch effort to reverse years of heavy losses.
If it can’t reduce expenses dramatically within the next few weeks, the Hearst Corp. said it will close or sell the Chronicle, northern California’s largest newspaper with a paid weekday circulation of 339,430.
Hearst didn’t specify a savings target nor a deadline for wringing out the expenses. A Hearst spokesman didn’t immediately respond to messages Tuesday.
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