When five longtime on-air journalists were laid off this week at CBS 5-TV (KPIX) in San Francisco, many viewers and analysts were left scratching their heads. Local TV news stations post a 20 percent profit, and ratings for the CBS-owned and -operated station are solid. Plus, election years like this one - with high voter interest - are a godsend to local TV stations for the mounds of campaign advertising they bring.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/01/BUUQVU7F9.DTL
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