The Silicon Valley Business Journal reports that as the Daily News reduces its print schedule from five days a week to three, the Chronicle has launched a free tabloid that is being delivered to 65,000 homes on the Peninsula on Saturdays.

The new product includes stories of interest to Peninsula residents that appeared in the Chronicle during the previous week, according to Marketing Director Michael Keith. The Chron has launched similar weeklies in the North Bay and East Bay.

As for the Daily News, Publisher Steve Paterson told the Business Journal that he won’t be reducing the paper’s staff with the switch to a three-day-a-week printing schedule. The Daily News will still be available five days a week online. He declined to say how much the Daily News will save on printing, but added, “It’s not about savings, it’s about transition.”