Tuesday, August 7, 2007

$1 million a week?

A posting from TechCrunch on layoffs at the San Francisco Chronicle. Nothing new there. What caught my eye is the amount of money the paper is losing a week. They point out:

The paper that is losing $1 million per week could fire every journalist it has on staff and still not break even. But that hasn’t stopped them from trying. 80 reporters, photographers and copy editors plus 20 in management will be gone by end of summer.

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