Thursday, January 17, 2008
Billionaire Denver oilman Phil Anschutz has turned down an opportunity to buy a string of East Coast free dailies that would double the size of his Examiner chain. Metro International, a chain of about 100 free dailies worldwide, has placed its papers in New York, Boston and Philadelphia up for sale. The Examiner currently has dailies in Baltimore, Washington and two in San Francisco (the Examiner and the City Star). Acquiring the Metro papers would allow the Examiner to expand from three markets to six. Anschutz spokesman Jim Monaghan told the Denver Business Journal that his company rejected Metro's offers twice.
Posted by San Francisco Peninsula Press Club at 8:46 PM