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Hearst may sell, shut SF Chronicle

Posted on February 25, 2009 4:49 PM
Hearst Corp. said Tuesday it may sell or shutter the San Francisco Chronicle if a cost-cutting campaign centered on reducing staff does not result in savings within a few weeks.

The news comes days after two newspaper groups filed for bankruptcy and nearly two months after Hearst put the Seattle Post-Intelligencer on the block with a 60-day mandate to find a buyer or pursue other options, including going digital-only, cutting staff or shutting down the paper altogether.

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