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Hearst posted the news that it will seek quick "significant" cuts to both union and non-union staff at the Chronicle. If enough savings aren't realized, the company says it will seek a buyer for the paper. If no buyer emerges, the paper will close. It lost more than $50 million in 2008 and is on a pace to lose more than that this year, the story says. "It's just a fact of life that we need to live within our means as a newspaper - and we have not for years," says Frank J. Vega, chairman and publisher.
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| Bev Hills billionaire Ron Burkle has $56 million in loans against his two houses. The McCourts have borrowed $28 million on their properties.
| Advice for Greenies in a Complicated World
| Steve Jones, the self-proclaimed Sire of Wilshire (a nod to the physical address of his former home at Indie 103.1 FM), is back on the air!
| She gaped at me like I was living history -- Miss Jane Pittman come to put her withered lips to the "Young Only" fountain straw of ageism.
As newspapers and television pull back from investigative reporting, foundations and other organizations are beginning to fill the void. One of the most interesting is Accountable California, a project of Local 721 of the Service Employees International Union.
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