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Suit Contends Sale Could Give Hearst Unfair Stake

Law360 (September 8, 2006, 12:00 AM EDT) -- As the antitrust litigation over the McClatchy Co. newspaper sale unfolds, new court documents filed Friday claimed the controversial $1 billion deal could unfairly leave Hearst Corp., the owner of the San Francisco Chronicle, with a stake in its rival Bay Area papers.

On Friday, court papers filed in the U.S. District Court for the Northern District of California stated that a contingency plan connected to MediaNews’ purchase of four newspapers could enable Hearst to invest in all of the conglomerate’s holdings.

The documents were part...
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