Wednesday, November 29, 2006

Newspaper deal nixed by court

Judge issues restraining order in Bay Area newspaper sale
A federal judge on Tuesday temporarily blocked the consolidation of advertising and distribution operations of Bay Area newspapers owned by Denver-based MediaNews Group Inc.

The Northern California newspapers in the McClatchy Co. and MediaNews deal include the Monterey County Herald, San Jose Mercury News and Contra Costa Times.

MediaNews, which owns the Denver Post and dozens of other newspapers, also got the St. Paul Pioneer Press in Minnesota under a complex deal that involves financing from Hearst Corp., owner of the San Francisco Chronicle.

Source: AP via Editor & Publisher

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