March 17, 2009

SF Chronicle may survive as staff agree to benefit and 150 job cuts

The San Francisco Chronicle, Hearst Corp’s US daily which was under threat of closure earlier this year, may survive after staff agreed to longer working hours with additional holiday and job cuts.

Members of the California Media Workers Guild voted 10-1 to approve concessions, including at least 150 job cuts and the removal of some benefits and rights.

In 2008 the 144-year old paper lost more than $50m and is expected to lose even more this year. It has been losing money since 2001.

Source: BrandRepublic

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