Wednesday, December 31, 2008

Leaving your heart in San Francisco

Tony Bennett sang about losing one's heart in San Francisco, and the publishers of a free daily in that famed city by the bay may soon feel that way. The (San Francisco) Daily Post announced this week that it is pulling out of San Francisco. The paper moved its offices to Palo Alto, a toney university town about 30 miles south of San Francisco, about six months ago. But they still continued to distribute in San Francisco while they essentially built a new paper in Palo Alto. The publishers know something about the market in Palo Alto. They're Dave Price and Jim Pavelich, who started the Palo Alto Daily News in 1995 and sold it in 2005 to Knight Ridder for $25 million.