Gilmer Free Press
DOJ Unveils Deal to End Suit vs. WV Publisher
The publisher of West Virginia’s largest-circulation newspaper has agreed to return control of the rival paper it bought in 2004 to its previous owner.
A proposed deal announced Wednesday would resolve a 2007 lawsuit filed by the U.S. Justice Department alleging the $55 million purchase violated antitrust protections.
The settlement would have the Daily Gazette Co. provide financial incentives to Denver-based MediaNews Group once it resumes independent control of the Charleston Daily Mail.
The deal would restructure the joint operating agreement that allowed the Daily Mail and rival paper The Charleston Gazette to share such costs as delivery and circulation.
The Daily Gazette Co. admits no liability under the settlement.