McClatchy Deal's Antitrust Okay Comes With Warning To MediaNews, Hearst
McClatchy Deal's Antitrust Okay Comes With Warning To MediaNews, Hearst: "The U.S. Justice Department's Antitrust Division gave the buyers and the sellers of the San Jose Mercury News and two other Bay Area dailies just about everything they could wish for.
In addition to concluding The McClatchy Co.'s sale of the Mercury News and Contra Costa Times to MediaNews 'is not likely to reduce competition substantially,' the agency's statement also asserted that Bay Area residents 'will benefit' from the savings MediaNews will realize if and when it consolidates production and delivery of the papers." [Editor & Publisher]
In addition to concluding The McClatchy Co.'s sale of the Mercury News and Contra Costa Times to MediaNews 'is not likely to reduce competition substantially,' the agency's statement also asserted that Bay Area residents 'will benefit' from the savings MediaNews will realize if and when it consolidates production and delivery of the papers." [Editor & Publisher]
posted by K.T. at 10:39 AM
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