The Copley Press Inc. plans to sell the Daily Breeze to Hearst Corp., which would in turn allow MediaNews to operate the newspaper, according to a court filing, the Daily Breeze reports.
Hearst, which owns the San Francisco Chronicle and other media holdings, will pay $25 million for the Breeze, according to a report in the San Jose Mercury News, which is owned by MediaNews.
Harold Fuson, Copley senior vice president, confirmed that Hearst is the expected buyer of the Breeze, and MediaNews would operate the paper after the sale.
Fuson declined to comment on the reported sale price, citing Copley’s status as a private company. He noted that the sale of the Breeze will not include the paper’s real estate, which will be sold separately.
