In San Francisco a daily newspaper that enjoys a virtual monopoly situation, the Chronicle, lost sixty million dollars last year as its circulation declined from a peak of around 750,000 to around 440,000. Its onetime power to influence elections and social policies has been significantly weakened. If the trend continues, the newspaper will become irrelevant.
|The views expressed in this article are the sole responsibility of the author
and do not necessarily reflect those of this website or its editors.