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Hearst buys ConnPost, others from Media News Group

Discussion in 'Journalism topics only' started by budcrew08, Aug 8, 2008.

  1. budcrew08

    budcrew08 Active Member

    From a press release:
    NEW YORK and DENVER, Aug. 8, 2008—Hearst Corporation announced today
    that it has acquired the Connecticut Post (Bridgeport, Conn.) and
    www.ConnPost.com, including seven non-daily newspapers, from
    MediaNews Group, Inc. The announcement was made jointly by George B.
    Irish, president of Hearst Newspapers, and Joseph (Jody) Lodovic IV,
    president of MediaNews Group. Terms were not disclosed.

    Hearst seems to be the only buyers in a sellers market. Thoughts? What kind of place is Hearst?
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