Will the San Francisco Chronicle be the first newspaper to kill print in favor of its online sfgate.com?

Will the San Francisco Chronicle be the first newspaper to kill print in favor of its online sfgate.com?
Photo: in2jazz | Flickr

From article:

Why the San Francisco Chronicle is a candidate to exit print

Play with me on this one: Which major American newspaper should be the first to throw up its hands and stop publishing a print product?

It’s a question worth asking. This could be the worst year for newspapers since the Great Depression. The double-digit revenue declines long forecast by doomsters have arrived. While nearly all the major papers still post profits, albeit smaller than before, a few prominent ones are losing boatloads. At Hearst Newspapers’ San Francisco Chronicle, according to a deposition given by James M. Asher, the company’s chief legal and business development officer, losses of $330 million piled up between mid-2000 and September, 2006, better—or should I say worse?—than $1 million a week. During negotiations with the Pittsburgh Post-Gazette’s unions, the owning Block family disclosed that the paper lost $20 million in 2006. Late last year, The Boston Globe was headed for unprofitability as well, according to The Wall Street Journal.

Read more at BusinessWeek