Black Monday at the Chronicle?
Word reaches us that Chronicle publisher Jack Sweeney circulated an email internally at the Chronicle yesterday warning of another round of staff reductions. The downsizing will apparently be "in the 5 percent range," and is set for October 29 and 30 (Jack's Halloween gift?).
While we are sometimes critical of the newspaper (because we want it to be among the best), we certainly aren't happy to hear this news. It's hard for the core news product to improve when this seems to be the only section of the newspaper that is expanding, and the parts put out by professional journalists and editors are shrinking.
The print newspaper business has been bleeding for quite some time, and the hope that online revenues could replace declining print revenues seems to have been misplaced (so far, at least). Do you think newspapers (the Chronicle, and the industry in general) will be able to arrest the decline at some point, or is the daily textual news medium (print and online) simply falling out of favor? Please discuss.