News came over a week ago that the San Francisco Chronicle is preparing to cut nearly 125 jobs across the board. The cuts come just over a year after the last round of cuts in May of 2007 where 25% of the newsroom staff was let go.
If that wasn't enough, the San Francisco Board of Supervisors voted to increase their annual newspaper rack fees from $30 per rack to $60. Just another financial blow to the already struggling Chronicle as well as other newspapers that use the racks. The new fee will go into effect August 30. You can read more about this story here.
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