February 25, 2009
The Hearst Corporation has indicated that it will take immediate steps to reduce expenses over the next few weeks. If those efforts prove to be ineffective, the parent of the San Francisco Chronicle has indicated that it will then take steps to sell or shut down Northern California’s most widely circulated newspaper.
What is very interesting is the new $200M printing facility being constructed by Montreal-based Transcontinental at 47540 Kato Road in Fremont. The Chronicle signed a 15-year printing agreement with Transcontinental, and as part of that deal Transcontinental began construction of the printing facility about a year or so ago with intentions to open the plant up in the Summer. If the Chronicle does in fact go under that would seemingly be a huge blow to Transcontinental.
- Solyndra Gets a Boost With $535M Govt Loan
- Toyota Announces Decision to Shut Down Fremont NUMMI Plant
- Cheaper Rents Bolster Fremont Activity
- Oakland A’s Drop Fremont
- 365,000 SF Former Mervyn’s Distribution Facility in Fremont For Sale or Lease