Crisis in the US newspaper industry
By Max Deveson BBC News, Washington |
If the economic crisis goes on much longer, will there be any newspapers left in the US to write about it?
The Chronicle's owners are set to decide whether to shut down the paper |
America's newspaper industry has been badly hit by the downturn, and a number of titles face closure.
The latest casualty is the venerable San Francisco Chronicle, whose owners on Wednesday announced they were planning to cut a "significant" number of jobs to meet cost-cutting targets, and that if the targets are not met, then the paper would be sold or closed down.
The Chronicle, which was founded in 1865, soon after the gold-rush hit California, lost more than $50m (
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