Guild members at the San Francisco Chronicle reached an agreement with management last week for a voluntary termination program that will be offered employees of the newspaper’s Finance Department. The terms were negotiated during several meetings after the company decided it could save costs by consolidating financial operations to central Hearst Corp. facilities. (more…)

By Josh Richman: By now you’ve read John Armstrong’s latest memo, and most likely, received your buyout packet.Times are tough, we know, but we’re dismayed that the only way this company seems to deal with adverse conditions is to “cut, cut, cut” rather than “improve, improve, improve.” Sure, they’re offering a buyout rather than going straight to layoffs, but for many of us this means having to decide by the end of next week whether to abandon our journalism careers for less than half a year’s pay. (more…)