In an addition to my ongoing series on the increasing difficulties print news companies are encountering, I bring you a story from the West Coast.
The San Francisco Chronicle is said to cut 1/4 of their newsroom employees by the end of summer. Management decided to go through with this move as well as being open to voluntary buyouts, at a time when the SFChronicle may be experiencing high losses due to the changing world of media. They attribute the layoffs to ‘cut costs and adapt to a changing media marketplace’. It is an effort to outweigh the costs of running a newspaper during a time when most consumers are getting their news from free online sources. Also falling advertising revenue can be included in their reasons for cutting back on staff.
I have said before that newspapers are enduring a changing landscape of which they used to be champions of. Personally I read most of my news from a variety of online sources including bloggers, 
MSM news sites, and news aggregators. I still firmly believe that newspapers do have an incredible readership and they are able to survive as we have seen in the recent years. It may be that they must learn to live off of less than 20% profit margins which is completely possible. Although I do not believe that cutting news staff is the smartest move for struggling papers. A lot of my news comes first from print and television reporters who are the ones out pursuing stories; I found this out by merely sourcing out a story that I read online. Trace it back to the original reporter. Losing these original reporters could very well let more stories go unheard and un-spread.







