Large newspaper to shut down?
The San Francisco Chronicle is a big newspaper. Founded in 1865, it is San Francisco's main paper, employs 275 news staff and is the 12th-largest in the United States, according to the U.S. Audit Bureau of Circulations, with average weekday circulation of 339,430. It is the 19th-largest paper by Sunday circulation. It is read by more than 1.6 million people weekly. It also operates SFGate, among the nation's 10 largest news Web sites.
But it lost more than $50million last year and may be forced to shut down if there is no buyer next month. Advertising revenue has not even enabled the paper to break even for some time. Perhaps people are getting sick of all the gay marriage stories.