Friday, July 14, 2006

Businessman Sues to Block Newspaper Sale

SAN FRANCISCO -- A prominent businessman who turned the sale of the San Francisco Chronicle into a drawn-out legal drama six years ago is now suing to prevent McClatchy Inc. from completing a $737 million deal to sell three of the newspapers it picked up in its recent acquisition of Knight Ridder Inc.
Clinton Reilly, a millionaire real estate investor, plans to file an antitrust lawsuit Friday that could derail or at least delay McClatchy's plan to unload the San Jose Mercury News, Contra Costa Times and Monterey Herald, according to his lawyer, Joseph A. Alioto.

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