Getting your player ready...
SAN FRANCISCO — The San Francisco Chronicle and its largest union have reached a tentative agreement on contract concessions that are part of the newspaper’s efforts to cut costs. The deal gives the company expanded ability to lay off employees without regard to seniority.
Hearst Corp., which owns the paper, warned that it would have to sell or close the Chronicle if it couldn’t reduce expenses quickly.
Elsewhere, McClatchy Co. is shearing another 1,600 jobs in a cost-cutting spree that has clipped nearly one-third of the publisher’s workforce in less than a year. McClatchy owns 30 daily newspapers, including the Kansas City Star, the Fort Worth Star-Telegram and the Sacramento Bee.
