At 3:16 p.m. today (April 26), the San Jose Mercury News reporter Pete Carey announced the sale of his own newspaper: “McClatchy announced today that the Mercury News and three other Knight Ridder papers will be acquired by Denver-based MediaNews in a complicated deal valued at $1 billion, with backing from Hearst, the owner of the San Francisco Chronicle. … The deal creates a powerful new media giant in Northern California by combining ownership of MediaNews’ eight local daily newspapers with Knight Ridder’s Mercury News, Contra Costa Times and Monterey County Herald. MediaNews also is acquiring Knight Ridder’s smaller Bay Area publications, such as the Palo Alto Daily News group and the Silicon Valley Community Newspapers. As part of the deal, MediaNews is also buying the St. Paul Pioneer Press.”

SF Press Club News

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>