Examiner Said To Have Few Offers
SAN FRANCISCO (AP) _ Five months after Hearst Corp. announced plans to buy the San Francisco Chronicle, the company said in court papers that it has found ``little or no interest″ in the sale of its own paper, the San Francisco Examiner.
Hearst denied allegations in an antitrust suit that its attempt to sell the afternoon newspaper was a sham intended to fail.
The statements were contained in papers filed by the publisher’s lawyer seeking dismissal of the suit by Clint Reilly, an unsuccessful candidate for mayor in November.
The suit, filed Tuesday in U.S. District Court, accused Hearst of trying to monopolize the daily newspaper market in San Francisco by acquiring the Examiner’s competitor. It sought a court order barring the sale.
Hearst announced in August that it would buy the morning Chronicle for a reported $660 million and would seek a buyer for its afternoon Examiner. The two papers will be merged if no buyer can be found, the company said.