The financial straights at the The Daily Californian, the student-run newspaper at UC Berkeley, just got tougher to navigate. Publisher Michael Wagner tells San Francisco Business Times the newspaper in June lost the major benefactor who’s been keeping it afloat as ad sales have spiraled downward (as they have at newspapers everywhere) and that it’s turned to alumni and companies in an effort to stay alive.
The newspaper has done quite a bit of belt-tightening already, scaling back to four days when classes are in session and two days over the summer. But it has continued to post $200,000 deficits in recent years.
