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Article: JUSTICE DEPARTMENT OKS NEWSPAPER DEAL IN SAN FRANCISCO.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- March 31, 2000
CopyrightCOPYRIGHT 2000 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of the Dialog Corporation by Gale Group. 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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The Justice Department gave the go-ahead yesterday for the Hearst Corp. to acquire the San Francisco Chronicle and sell the Hearst-owned San Francisco Examiner.
But in a separate ruling, a federal judge in San Francisco temporarily blocked the deal, pending a hearing on April 13.
The Justice Department decision removed a major obstacle to the transaction, announced in August when the family that owned the Chronicle agreed to sell to Hearst.
At the time, Hearst said it would try to sell the Examiner, published in the afternoon. If a buyer weren't found, Hearst said it would merge the newspaper with the Chronicle and publish a single newspaper, ...