According to a story by Pete Carey of the Mercury News, Hearst says it will close or sell the San Francisco Chronicle if it can't make significant staff reductions:
The San Francisco Chronicle's owner, Hearst Corp., said Tuesday that it needed to significantly reduce the number of union and non-union employees at the newspaper or it would be forced to "sell or close the newspaper."
According to SFGate, The Chronicle's on-line edition, Frank J. Vega, chairman and publisher of the Chronicle, said, "It's just a fact of life that we need to live within our means as a newspaper - and we have not for years."
The California Media Workers Guild is among the unions representing employees at the San Francisco Chronicle.
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