Article: Deal's done: Mercury News' new owner takes over.

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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