By: E&P Staff
No joke, even The Onion is having revenue problems. So much so that it is shutting down its print editions in San Francisco and Los Angeles, according to the San Francisco Chronicle.
The Chronicle reports the final print editions for those cities will publish this week.
“It is an unpleasant task to discontinue print in those two cities — and to lay off the good people who worked hard to make them profitable — but I believe it is the wise business decision to make,” Onion CEO/President Steve Hannah said in a memo to employees, the Chronicle reported.
The number of employees affected was not revealed.
The Onion began printing the free weekly San Francisco edition in 2005. According to its Web site, the Onion had a circulation of 60,000 in San Francisco and 50,000 in Los Angeles.
Hannah’s memo said there were no plans to shut down eight other local editions, which have a combined circulation of 420,000. The Chronicle’s report also said readership was healthy and rising in San Francisco and Los Angeles, but “advertising in both cities has been abysmal.”