Another Gray Lady On The Iceburg

Hearst Corp. drops the bomb that not unlike the Seattle P-I, the San Francisco Chronicle is headed to shutdown or sale.

"Our current situation dictates that we accomplish these cost savings quickly," Chronicle Publisher Frank Vega wrote in a memo to the staff. "Business as usual is no longer an option."

Not the best of news. Comes on the heels locally of the admission that cuts are on for the Arkansas Democrat-Gazette.