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Hearst, MediaNews do another deal

MediaNews and Hearst Corp., the Bay Area’s two biggest newspaper publishers, have announced a joint purchase of 80 percent of the online classified-advertising software provider Kaango for about $20 million, according to a filing with the Securities and Exchange Commission (See page 16).

In the past few months, the two publishing companies have become increasingly intertwined while still officially remaining competitors in the Bay Area in the eyes of federal antitrust regulators:

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