Media News
According to the San Francisco Chronicle:
Six Bay Area members of Congress wrote to the Justice Department on Friday, asking it to carefully consider the antitrust implications of McClatchy Co.’s proposed acquisition of Knight Ridder. MediaNews, which already has a string of Bay Area dailies and nondailies, would have 43 papers extending across the Bay Area with the addition of the Knight Ridder dailies and associated weeklies, the letter said. “We are concerned that this transfer could diminish the quality and depth of news coverage in a Bay Area of more than 9 million people,” the representatives wrote. They also asked for a probe of whether it would hurt advertisers, saying that a single owner could demand higher advertising rates.
Given the changes in media the last twenty years, I predict that MediaNews will argue, among other things, that the relevant product market is more than newspapers and should include the internet, TV, etc.
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