MediaNews May Buy McClatchy Papers
An AP newswire article, via SFGate.com, reports that:
MediaNews Group Inc. has offered to buy three Knight Ridder Inc. newspapers in California and one in Minnesota for as much as $1 billion, according to a published report Thursday.More here.
Completing a deal with McClatchy Co., which is in the process of buying all of Knight Ridder, would give MediaNews a controlling interest in California's San Jose Mercury News, the Contra Costa Times and The Monterey County Herald, as well as the St. Paul Pioneer Press in Minnesota, according to the Los Angeles Times, which cited people familiar with the talks.
A spokeswoman for McClatchy declined to comment, and a call to MediaNews for comment wasn't immediately returned.
posted by Fergie @ 4/20/2006 08:17:00 AM
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