We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Newspaper Sale Relieves Knight-Ridder Antitrust Worries

Law360 (April 27, 2006, 12:00 AM EDT) -- As a way to relieve antitrust issues stemming from its recent acquisition of Knight-Ridder, McClatchy Co. has agreed to sell the St. Paul Pioneer Press newspaper, along with four others, to MediaNews Group Inc. and Hearst Corp. for $1 billion.

The move comes on the heels of a Justice Department announcement that it would seek additional information regarding only the Minneapolis/St. Paul area, an indication that the rest of the merger raised no antitrust concerns.

“We are delighted that the Department of Justice review confirms our...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.