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Article: Deal's done: Mercury News' new owner takes over.
- Article from:
- San Jose Mercury News (San Jose, CA)
- Article date:
- August 2, 2006
CopyrightCOPYRIGHT 2006 San Jose Mercury News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Pete Carey
Aug. 2--The Mercury News and Contra Costa Times became part of a Bay Area media powerhouse led by Denver-based MediaNews today, ending a saga that began nine months ago when the papers' owner, Knight Ridder, was forced to put itself up for sale by disgruntled shareholders.
MediaNews, and its partners in the acquisition, Gannett and Stephens Media, wired funds totaling $736.8 million to McClatchy's banks, and attorneys completed paperwork finalizing the deal.
The Mercury News and Contra Costa Times join an already strong MediaNews presence in the Bay Area, where it publishes the Oakland Tribune, Hayward Daily Review, San Mateo ...
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... ... wireless phone service in the Bay Area Thursday with discounted ... Sprint's rivals in the Bay Area, Cellular One, upped ... to begin service in the Bay Area, Sprint formally announced ... Web site of the San Jose Mercury News, at http://www ...
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