MediaNews Group Buys Houston Post for $150 Million
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HOUSTON — MediaNews Group, owner of the Dallas Times Herald, announced today that one of its affiliates has acquired the Houston Post from Toronto Sun Publishing Co. for $150 million in cash.
The Post is the smaller of the two Houston newspapers, which have been engaged in a war similar to the battle between the Dallas Times Herald and the larger Dallas Morning News.
In March, MediaNews President William Dean Singleton bid $415 million for the Houston Chronicle, which was sold by Houston Endowment Inc. instead to the Hearst Corp.
Toronto Sun Publishing Co. bought the Post in October, 1983, for $100 million.
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