Workers OK deal in effort to save San Francisco Chronicle

San Jose Mercury News by Paul Rogers | Mar. 15, 2009 (News Report)

San Francisco Chronicle employees Saturday voted to accept steep concessions to their contract as part of a deal that is expected to cut at least 150 jobs from the newsroom and other departments, yet which the company said is vital to keep the paper from closing.

By a vote of 333 to 33, members of the California Media Workers Guild approved the givebacks at a midmorning meeting at the Parc 55 Hotel in San Francisco.

"People realize that ... Full Story »

Posted by Kristin Gorski

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Donica Mensing
3.6
 by Donica Mensing - Mar. 15, 2009

This is an event driven story that also provides good background about the reasons that the newspaper industry finds itself in such difficulties. It infers that the Internet is a major cause for the failing business model and only mentions tangentially near the end of the article that the Hearst company took on a lot of debt just before the market started to fall. It appears that the troubles of newspapers are a "perfect storm" of technological change, demographic change, poor business decisions and the economic downturn. Others would also argue that the content of newspapers also led to a lessening of consumer/citizen interest in what was being published. This article doesn't delve as deeply into those arguments, but does provide a good overview.

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Donica's Rating

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3.6

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from 11 answers
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