Romenesko

Examiner.com
What's excruciating about the Chronicle situation isn't that the Hearst-owned paper is finally owning up to reality, says Ken Garcia, but that it's taken so long. "The Chronicle has lost, by its own estimation, at least $60 million a year since Hearst took over the paper in 2000. Other organizations would have immediately pounced on the fact that the paper's editorial staff far exceeded that of any newspaper in its circulation class, but not Hearst, which bravely and blindly announced that there would be no layoffs after the acquisition."