Lose $50m a year and still not profitable… sounds more like a startup than a 143 year old newspaper.
In a posted statement, Hearst said if the savings cannot be accomplished “quickly” the company will seek a buyer, and if none comes forward, it will close the Chronicle. The Chronicle lost more than $50 million in 2008 and is on a pace to lose more than that this year, Hearst said.
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(Healdsburg Housing Bubble, 4/8/09)
California Dream Fading Fast
(, 2/8/09)
Pension fund kickback accusation leveled in Albany
(Hedge Fund Blogs From HedgeCo.Net, 4/15/09)
This Time ISN'T Different
(George Washington's Blog, 2/20/09)