ap Inc., owner of The Denver Post and many other newspapers, announced Friday the purchase of the Daily Breeze and three weekly newspapers published in Torrance, Calif., from The Copley Press Inc.
Under terms of a previously announced agreement between Hearst and MediaNews, Hearst agreed to acquire the newspapers from Copley and sell them to MediaNews in connection with its equity investment in the non-San Francisco Bay Area assets of MediaNews, subject to regulatory approval.
The terms of the originally announced Hearst investment did not change, and the terms of the new acquisition were not announced.
“We are delighted to acquire these fine newspapers and expand our reach in the exciting media market of Los Angeles,” said William Dean Singleton, chief executive and vice chairman of MediaNews. “The Daily Breeze and its sister weekly newspapers are a wonderful addition to the Los Angeles Newspaper Group.”
