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Comments
(According to one P-I reporter wjo met with Riddick, he said it probably would.)
(As a result, at this point nearly all of the paper's roughly 170 emplyees expect to be out of a job.)
"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.
Hearst said in its statement that The Chronicle, which it bought in 2000, lost $50 million last year and has lost money every year since 2001. Among the changes the company said it wants to see is “a significant reduction” in its union and nonunion employees.
“Survival is the outcome we all want to achieve,” Frank A. Bennack Jr., Hearst’s chief executive officer, and Steven R. Swartz, the president of its newspaper division, said in a statement. “But without the specific changes we are seeking across the entire Chronicle organization, we will have no choice but to quickly seek a buyer for the Chronicle or, should a buyer not be found, to shut the newspaper down.”
Frank J. Vega, The Chronicle’s chairman and publisher, told the newspaper: “It’s just a fact of life that we need to live within our means as a newspaper - and we have not for years.”
Just a thought and, given the news from San Fran, maybe pie in the sky. I just can't understand why the P-I would continue to string people along if there wasn't a plan to include them in a post-print strategy.
Hey Nichols, .....Simms,.....Kerli,....Locke....they all got a job with Obam, why can't you? ? ? Probably pay better, & you could be, say, uh, commisioner of gamming? You & yer kid. Like father, Like son. We need a new mayor anyway, so, go for it! You know what they say, still water gets stagnant after a while. See ya, at Jazz night on the beach, Mr. Mayor!
When I worked at the PI I found it to be place full of so much potential that was blocked by arrogance, group think and petty politics.
There was the notion that since we are the newspaper our way was the right way. True innovation has given way to 'standards.' These are not real substitutes for excellence.
We seemed to get wrapped up in the details and formal qualities of journalism, while losing sight of the whole.
I will be sad for an original source of local and regional news to go dark. I won't miss the arrogance.
They running out the 60 days as called for under the contract and in the meanwhile trying to suck every single worthwhile idea from them -- to be used for an online P-I or another online Hearst publication.
Pretty much everyone will be told to hit the bricks in the end. You are surprised by that? That's how business works.
Another incredulous reaction for the "P-I staffers who were angered thta the online P-I started linking to other publications." Really? Are you that naive? Do you think, as this situation edges toward its bitter, ugly end, that Hearst will be taking your feelings or professional opinions into consideration? Really? Such naivete blows me away. Can't put my finger on it but there's something about the naivete that blurs into arrogance and self-importance, which links to one of the reasons the P-I and other papers like it are going bye-bye.
It's a business. Businesses don't survive if they don't make money. Decisions are made revolving around what makes a profit. Nothing else, in the end, matters.
the seattle papers are preaching to people about how to think instead of reporting worthwhile news.
the papers are obsessed with race.
the seattle papers won't report ctime instead focusing on select weird stories like mary kay latouneau forever, so i knew a decade ago i would not subscribe to any seattle paper.
the seattle papers are for wealthy women who don't work living on the eastside with its "feely good" stories. glad to hear it is dying since it had no connection to the living world.
See:
http://tinyurl.com/bve84u
They did for the Sonics, and tax payers don't have to continually dishout millions of dollars for better facilities to keep the newspaper in town. It can certainly be argued that being a two newspaper town is a community asset and definately critical to a healthy democracy.
It is hysterical that you are blogging about someone elses ability to do their job when your whole "empire" is tanking. You suck at real estate!
All you have left are your various scams. Right now you are renting your houses (actually hovels) to unsuspecting low income families knowing full well that the properties are in foreclosure and scheduled for auction. You collect first and last months rent plus a hefty deposit (more if the family has pets). In a couple of weeks familys get evicted when the house is auctioned butyou, your skanky wife and your sham business, Bula Reality, pocket the last months rent and all the deposit money. Your kids must be so very proud of both of you!
The easy money has dried up, you can't keep borrowing new loans to keep up on the mortgages and previous loans. How will you keep your big house in Corvallis, your place on Vashion and your limo. You might even have to get a job!
You have lost 20 properties already, with 40 more foreclosures coming. You will not even be able to steal form the poor for much longer. You can't blame it on the economy, your defaults and over extended credit are part of the reason for the banking crisis. You have been slowly sinking for a couple of years now. It is years and years of greed, stupidity and copious amounts of drugs and drink that got you where you are today. Karma can be such a bitch.
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Gold