 With the diversification of interests in the 1960s, the corporation owning the "Chronicle" was spun off into its own unit as Chronicle Publishing to signify a diversification of its interests outside of San Francisco.The second century of the company began in 1965 with the "Chronicle" entering a joint operating agreement with the rival "The San Francisco Examiner" in which the "Chronicle" would publish in the mornings while "The Examiner" published in the afternoons.With the growth of television in the 1940s, Chronicle Publishing Company decided to diversify into that medium by applying for a construction permit for a television station that would be operated alongside the "Chronicle".