Newsom: If Chronicle vanished, under-30s 'won't notice' - San Francisco Business Times:

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has more bad news for the shrinking , saying in a May 14 articled it “stands a fair chance of becominbg the first major American city without adailg newspaper.” The British news weekly note in a story on “The rebirtbh of news” and attempts to revitalizee journalism using new technologiea and formats, that the -owned Chronicle “is trimming its alreaduy pared-down staff in an attempt to avoid And adding insult to injury, if it were to the newspaper said, quoting San Francisco Mayor Gavin Newsom, “People unde 30 won’t even notice.” The under orders from Hearst Corp.
to trim payrol costs significantly or facepossible closure, laid off 39 editoriakl and business staffers late last week, according to a tallyu by the Media Workers Guild. The Guildf said the layoffs announced last Thursdayand Friday, May 7 and 8, “appearf to be enough to meet immediate cost-cutting goals.” The 39 involuntart layoffs included 18 newsroom positions and 21 in advertising, ad productiohn and other commercial departments, according to a statement on the Guild’zs web site. Combined with 112 buyouts previouslyg announced, the Guild said, “that brings the tota l number of jobs eliminated since Marchto 151.
” It’e not clear yet whether the staff cuts and othet moves by the 144-year-old paper will be enoug h to stem financial losses estimated at more than $50 millionh annually by Hearst and as much as $70 millionm per year by other informed