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- AT&T Sends Controversial ‘American Idol’ Text Message
- Synthetic Blood Drink Sells out in Vending Machines
- TV Universe Loses 1.5M Due to Digital Transition: DTV Transition News, Updated 10-15-09
- Upfront Update, 10-15-09: Cable Volume Sinks 12% to $6.73 Billion
- Local Advertising Slumping - but Will Soar on Handhelds
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Search Gone Wild!
Find Out Why in Oneupweb's Eye Tracking Study on Google's Real-Time Results.- ‘The Daily Wrap:’ Home Depot, Amazon, Starbucks
- Walgreens Purchases Assets of Memphis Drugstores
- GameStop Plans 400 New Stores
- Job Stability Leads to Spending – Update
- Consumer Demand Key to Sustaining Economy - Update
- ‘The Daily Wrap:’ PayPal, Domino’s, Wal-Mart
- Blockbuster Admits Bankruptcy Risk
- Denny’s Takes Over 140 Pilot Travel Center Restaurants
- Men’s Wearhouse Latest to Let Leases Expire
- Papa Gino’s Bites into Burger Market
- Top 10 Politics Websites - February 2010
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- Monthly US Web Usage Declines in February
- Annual US Ad Spending Falls 12.3%
- Marketers Leverage Customer Initiated Interactions
- Americans Confident in Military, not Congress
- Top 10 Print Media Websites - February 2010
- Top 10 Family Websites - February 2010
- Bing Makes Search Inroad
- Mobile Web 2.0 Market to Reach $19B
MediaNews Acquires Four McClatchy Papers for $1 Billion
MediaNews Group Inc., along with publishing company Hearst Corp., will pay $1 billion in cash to acquire four newspapers - the Contra Costa Times, the San Jose Mercury News, the Monterey County Herald and the St. Paul Pioneer Press - from The McClatchy Co., writes Yahoo.
MediaNews has had its eye on the four papers currently owned by Knight Ridder Inc. - which has been bought out by McClatchy - to strengthen its presence in northern California, where it currently owns several San Francisco Bay Area papers.
“These were the newspapers that excited us the most about Knight Ridder,” said William Dean Singleton, head of Denver-based MediaNews.
When the deal closes, MediaNews will become the nation’s fourth-largest newspaper company, based on circulation, with 53 daily newspapers contributing to an overall 2.7 million daily circulation.
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