The Copley Press Inc. plans to sell the Daily Breeze in Torrance, CA, to Hearst Corp., which would in turn allow MediaNews to operate the newspaper, according to a court filing.
Hearst, which owns the San Francisco Chronicle and other media holdings, will pay $25 million for the Breeze, according to a report in the San Jose Mercury News, which is owned by MediaNews. Harold Fuson, Copley senior vice president, confirmed that Hearst is the expected buyer of the Breeze, and MediaNews would operate the paper after the sale. The paper’s real estate will be sold separately.
[Source: The Breeze and San Jose Mercury News]
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