Hearst to buy 2 Tribune papers
From Times Staff and Wire Reports
Tribune Co. agreed to sell two Connecticut newspapers to Hearst Corp. for $62.4 million, less than Gannett Co. had planned to pay for them before canceling the deal in May.
The Stamford Advocate and Greenwich Time will be managed by Denver-based MediaNews Group Inc. in a joint venture with Hearst, said Chicago-based Tribune, also parent of the Los Angeles Times.
Connecticut Atty. Gen. Richard Blumenthal said his office planned to investigate the sale to see if it violates antitrust laws.
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