San Francisco Chronicle
The San Francisco Chronicle is a newspaper serving primarily the San Francisco Bay Area of the U.S. state of California. It was founded in 1865 as "The Daily Dramatic Chronicle" by teenage brothers Charles de Young and Michael H. de Young. The paper is currently owned by the Hearst Corporation, which bought it from the de Young family in 2000. It is the only major daily paper covering the city and county of San Francisco.
San Francisco Chronicle
In February 2009, Hearst chief executive Frank A. Bennack Jr., and Hearst President Steven R. Swartz, announced that the "Chronicle" had lost money every year since 2001 and more than $50 million in 2008. Without major concessions from employees and other cuts, Hearst would put the papers up for sale and if no buyer was found, shut the paper. San Francisco would have become the first major American city without a daily newspaper. The cuts were made.