Chronicle and union reach tentative deal

The Associated Press reports that The San Francisco Chronicle and its largest union reached a tentative agreement that could prevent the paper's sale or closure.
Potential cuts could mean eliminating about 150 jobs. In addition, employees could face less vacation time and longer work weeks for the same pay in an effort to continue to cut costs.
From the story:

Frank J. Vega, chairman and publisher of The Chronicle, said in a statement quoted on the newspaper's Web site the Chronicle will now focus on reaching an agreement with the International Brotherhood of Teamsters, Local 853, to "accomplish the additional cost savings required to ensure the newspaper's survival." The Hearst Corp., which owns The Chronicle, warned last month that it would be forced to sell or close the newspaper if it could not reduce expenses quickly.

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