New news.New News: Hearst Corp. said it will purchase the Torrance-based Daily Breeze The Daily Breeze is a 70,000-circulation daily newspaper published in Torrance, California. It serves the South Bay cities of Los Angeles County, and produces a weekly supplement in San Pedro. as part of a deal to resell the newspaper to MediaNews Group Not to be confused with Media General, an unrelated newspaper and TV group. MediaNews Group, based in Denver, Colorado, is one of the largest newspaper companies in the United States. Ine., according to a court document filed by the two media companies. The document was filed as part of a pending federal antitrust case involving Denver-based MediaNews and New York-based Hearst over their plans to consolidate some of the business operations of their Bay area newspapers. A San Francisco investor is trying to block the deal, claiming such cooperation violates antitrust laws antitrust laws n. acts adopted by Congress to outlaw or restrict business practices considered to be monopolistic or which restrain interstate commerce. The Sherman Antitrust Act of 1890 declared illegal "every contract, combination.... . The two companies also said they had finished negotiations in their deal to swap the Breeze, which Hearst will buy from San Diego-based Copley Press Inc. and then sell to MediaNews along with two other publications, the Monterey County Herald and the St. Paul Pioneer Press
The St. Paul Pioneer Press is a newspaper based in St. Paul, Minnesota, primarily serving the Twin Cities metropolitan area. . |
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