Businessman Seeks To Foil McClatchy Newspaper Deal

Law360, New York (July 14, 2006, 12:00 AM EDT) -- A millionaire real estate investor who turned the sale of the San Francisco Chronicle into a lengthy legal battle six years ago has decided to intervene in McClatchy Inc.’s $737 million deal to shed three of the newspapers it acquired in its takeover of Knight Ridder Inc.

Clinton Reilly filed an antitrust suit Friday in the U.S. District Court for the Northern District of California that could thwart or at least slow McClatchy’s attempt to shed the San Jose Mercury News, Monterey Herald and Contra Costa...
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