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|Subject||Proposed newspaper mergers come under Department of Justice Scrutiny.|
|Topic||Government and the Economy; Oligopoly; Market Failure, Regulation and Public Choice|
Gannett, New York Times Co., Justice Department, anti-trust, competition
The U.S. Justice Department is investigating proposed plans by some major newspaper publishers to buy up additional medium-sized newspaper syndicates. Cincinnati-based Gannett Co., publisher of USA Today, is bidding to buy Pulitzer, Inc., owner of the Arizona Daily Star and St. Louis Post-Dispatch, among others, for about $1.5 billion plus assumption of debt. Gannett also wishes to purchase Livonia, Michigan based HomeTown Communications, publisher of a number of Midwestern newspapers. Meanwhile, New York Times Co is expected to bid $16.5 million for a 49% stake in Metro Boston, a free daily paper that competes with the Boston Globe, also owned by the Times.
|Source||John R Wilke and James Bandler. "Newspapers Face Antitrust Scrutiny." The Wall Street Journal, 28 January 2005.|
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