Wednesday, March 11, 2009

Journalist Union End Game for Chronicle Could Be Purchase: News: SFAppeal

More at SFAppeal: “As the California Media Workers Guild at the San Francisco Chronicle prepare for a ratification vote on job and compensation concessions to Hearst Corp., the union leadership is exploring potential partnerships to eventually acquire the newspaper.

"In 16 months," said Carl Hall, local Guild representative at The Chronicle, "we should be talking about buy in and not buy-outs."

In an interview Tuesday, Hall was looking past the painful week of negotiations that produced the tentative agreement on concessions that Chronicle publisher Hearst had been demanding under threat of a sale or closure of the 144-year-old paper.

"We are working on it," Hall said. "We hope to form an investor group that would be prepared to step in."”

-- Can they come up with the money, that's the question? And can they generate enough revenue to operate it -- second question. They should team up with Craigslist.

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