March 4, 2008 |
The Press-Telegram and Daily Breeze, two newspapers owned by MediaNews Group Inc., will cut staff and merge their Internet, copy editing and pagination operations in response to sagging ad revenue, an editor said Monday. The move involves the loss of nine jobs at the Daily Breeze, located in Torrance, and about 10 jobs at the Press-Telegram in Long Beach, Daily Breeze Editor Phillip Sanfield said.
March 9, 2006 |
At least two and possibly three prospective buyers are expected to submit bids today for Knight Ridder Inc., the second-largest U.S. newspaper chain. A deal could be announced within days, said bankers familiar with the process, although if the bids are close, the auction could drag out for weeks. Two of the three potential bids are from newspaper companies. McClatchy Co. is expected to make an offer, as is an alliance that includes No. 1 chain Gannett Co.
March 14, 2006 |
MediaNews Group Inc., the Denver company that owns the Daily News and seven other Southland newspapers, is emerging as a leading contender to snap up some of the papers being put on the auction block as a result of Monday's sale of Knight Ridder Inc. McClatchy Co. said it would buy the larger Knight Ridder for $4.5 billion in cash and stock, making the owner of the Sacramento Bee, the Fresno Bee and 10 other daily papers the second-largest newspaper chain in the nation based on circulation.
September 8, 1988
William Dean Singleton, chief executive of MediaNews Group, the company that owns the Houston Post, has become the newspaper's publisher. Donald F. Hunt, the former publisher, has been named president of MediaNews International, a new company owned by Singleton and MediaNews Chairman Richard Scudder, which was formed for international acquisitions. Singleton and Scudder own MediaNews Group, parent company of the Post, the Denver Post and 47 other newspapers in nine states.
February 2, 2007
The Hearst Corp. has recorded $330 million in losses in its investment in the San Francisco Chronicle and attempted to sell the newspaper to MediaNews Group Inc., according to court documents made public in a media antitrust case. Terms of the 2005 proposal were not revealed. MediaNews did not offer enough, so no deal was made.
January 15, 2008 |
George Riggs, chief executive of MediaNews Group Inc.'s California Newspaper Partnership, said he would resign at the end of January. Riggs, boss for 18 months, has been overseeing 33 daily and 57 weekly newspapers.