Financial Briefs

Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said.

The paper, which is part of Chronicle Publishing Co., cited unidentified sources. Western Communications, based in San Francisco, is the nation’s 33 rd-largest cable operator.

* * *

Nearly 14,000 Pacific Bell management employees will have their salaries frozen while the company tries to become leaner and more competitive. PacBell spokesman Dana Pascoe said there could be a fresh round of job cuts in addition to a staff reduction of 1,500 that has been in the works for several years. The move comes amid PacBell’s involvement in ambitious new projects, including a $ 16 billion plan to build a fiber-optic network spanning the state.

More Biz

  • Hollywood's Magic Castles Head to China

    Hollywood's Magic Castles Head to China

    Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said. The paper, which is part of Chronicle Publishing Co., cited unidentified sources. […]

  • GWYNETH PALTROW AND BRAD PITTBRAD PITT

    Gwyneth Paltrow Says Brad Pitt Threatened to 'Kill' Harvey Weinstein Over Alleged Harassment

    Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said. The paper, which is part of Chronicle Publishing Co., cited unidentified sources. […]

  • Is Spotify Walking Back Its Anti-Hate

    Is Spotify Walking Back Its Anti-Hate Policy?

    Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said. The paper, which is part of Chronicle Publishing Co., cited unidentified sources. […]

  • Ryan Kavanaugh Relativity

    Ryan Kavanaugh Backs Longshot Sheriff Campaign

    Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said. The paper, which is part of Chronicle Publishing Co., cited unidentified sources. […]

  • Harvey Weinstein

    Harvey Weinstein to Be Arrested on Friday in New York

    Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said. The paper, which is part of Chronicle Publishing Co., cited unidentified sources. […]

  • BEVERLY HILLS, CA - MAY 23:

    'Solo: A Star Wars Story,' 'Coco' Composers Honored at ASCAP Screen Music Awards

    Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said. The paper, which is part of Chronicle Publishing Co., cited unidentified sources. […]

  • John Wells photographed at John Wells

    John Wells' Company Finds New Digs as Industry Sees Rapid Changes

    Chronicle Publishing Co. has decided to put its cable television division up for sale, two San Francisco newspapers reported. The board of the privately held company plans to sell the division, Western Communications, for about $ 750 million, the San Francisco Chronicle said. The paper, which is part of Chronicle Publishing Co., cited unidentified sources. […]

More From Our Brands

Access exclusive content