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OAKLAND TRIBUNE SELLS ASSETS TO ALAMEDA NEWSPAPER GROUP

 OAKLAND TRIBUNE SELLS ASSETS TO ALAMEDA NEWSPAPER GROUP
 OAKLAND, Calif., Oct. 15 /PRNewswire/ -- Robert C. Maynard,


president and publisher of the Oakland Tribune and its owner for almost a decade, announced today the sale of certain of the newspaper's assets to the Alameda Newspaper Group (ANG), which publishes four other daily newspapers in Alameda County and which will publish the Oakland Tribune.
 "On August 15, 1991," Maynard said, "we announced that the Oakland Tribune was here to stay. This transaction keeps faith with that pledge. This change of ownership assures the continuation of a 118-year-old newspaper."
 The last day of publication of the Tribune under Maynard family ownership will be Nov. 30. The new paper's publication under the aegis of the Alameda Newspaper Group will begin on Dec. 1.
 "The public will not experience even one day of interruption in publication," said William Dean Singleton, vice-chairman of the parent company of the Hayward-based Alameda Newspaper Group.
 "When we formed our partnership with The Freedom Forum in August of 1991," Maynard said, "our purpose was to make certain Oakland, California, did not become the largest city in the United States without its own newspaper. Without that restructuring of the newspaper's long- term debt and other obligations, its continuation or this transaction would have been doubtful. Today's announcement assures the people of Oakland that an Oakland Tribune will continue."
 The completion of the transaction is contingent on the successful conclusion of negotiations between the Tribune's current owners and its unions.
 The Tribune's labor relations team and employee representatives began today to discuss issues related to employee separation, out- placement and employment opportunities with other newspapers. "We will immediately begin interviewing and hiring for our expanded staff," said J. Allan Meath, president and publisher of Alameda Newspaper Group. "We will interview any Oakland Tribune employee who applies. It is likely that we will hire many Tribune employees."
 The asset sale includes the trademark and use of the Oakland Tribune name, the newspaper's circulation of more than 100,000 and its advertiser accounts.
 The sale does not include real estate such as the Tribune Tower, or the company's hardware and printing presses. These and all other assets will be evaluated for disposition.
 The transaction is subject to the review of the U.S. Department of Justice, a process that has begun.
 "In an age when daily newspapers are disappearing from the American landscape," Maynard said, "we are proud that this title will remain. In the time since Nancy and I began negotiating for the purchase of the Oakland Tribune, September 29, 1982, we have seen no fewer than 60 newspapers including several major dailies fold or merge."
 Nancy Hicks Maynard, deputy publisher and wife of Bob Maynard, said, "We have had the privilege of serving this community for a decade as owners of this illustrious institution . Although the ownership will change, commitment of this community will not. This transaction allows Oakland to retain its daily newspaper."
 Mrs. Maynard reflected on the company's economic impact on the city of Oakland. "Over the past ten years, our company has contributed approximately $300 million in just payroll revenue alone," she said. "Each dollar of personal income has generated many more dollars of revenue for Oakland's businesses, business and income taxes for city and


TM-GT -- SF010 -- 0544 10/15/92 15:07 EDT
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Date:Oct 15, 1992
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