Copley also said earlier this year it was exploring the possible sale of its seven newspapers in Ohio and Illinois but intends to retain the Union-Tribune. The Daily Breeze is one of 20 newspapers published by Copley, which is based in San Diego.Ĭopley is the sixth-largest private family owned newspaper group in the United States and is the 19th largest newspaper group in the country. In the filing in San Francisco, the media companies disclosed plans for Hearst to purchase the Daily Breeze from Copley and then sell it to MediaNews along with two other publications, the Monterey County (Calif.) Herald and the St. The complex deal involving New York-based Hearst and MediaNews Group was documented in court filings earlier this month as part of a federal antitrust case targeting their plans to consolidate some business operations of their Bay Area newspapers.Ī San Francisco investor is trying to block the consolidation, claiming such cooperation violates antitrust laws. Singleton has used a similar approach around the San Francisco Bay area, where he runs the Oakland Tribune and other suburban newspapers that vie for readership against the San Francisco Chronicle.Ĭopley, parent company of the San Diego Union-Tribune, said in June it wanted to sell its Los Angeles Newspapers, citing competitive pressures in the market. The company’s newspapers cover many Southern California suburbs, and its largest holding, the Daily News of Los Angeles, competes against the Los Angeles Times. The purchase of the Daily Breeze will give MediaNews a stronger foothold in the Los Angeles area. MediaNews plans to keep the paper in its current location under a short-term lease with Copley. The building that houses the Breeze is being put up for sale separately. “It sounds good as I’m listening to it but I guess it will all come out in time, what it really means,” said John Bogert, a news columnist. “I am a lot less stressed today than I was yesterday,” said Larry Altman, 43, a crime reporter who has worked at the Breeze for 16 years. Gaier told a staff meeting there were no current plans for cuts, but that the new management would be meeting with department heads in coming weeks to discuss staffing. Liz Gaier, business development chief at MediaNews for the past five years and a former Breeze sales representative, was named as his successor. Publisher Art Wible announced his retirement in conjunction with the sale. The Breeze, which has a paid circulation market share of about 3.5 percent in the Los Angeles area, has an average daily circulation of 70,076 and 284 employees. “The Daily Breeze and its sister weekly newspapers are a wonderful addition to the Los Angeles Newspaper Group.” “We are delighted to acquire these fine newspapers and expand our reach in the exciting media market of Los Angeles,” said William Dean Singleton, chief executive of MediaNews.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |