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Federal judge won’t block sale of Chronicle to the Hearst Corp.

SHARE Federal judge won’t block sale of Chronicle to the Hearst Corp.

SAN FRANCISCO (AP) — A federal judge ruled Thursday he would not block the sale of the San Francisco Chronicle to the Hearst Corp., clearing the way for the media company to sell the rival San Francisco Examiner to a local newspaper mogul.

U.S. District Court Judge Vaughn Walker ruled that Hearst's $660 million purchase of the Chronicle would not break antitrust laws, saying it "would not create a monopoly, substantially lessen competition or unreasonably restrain trade."

The ruling also clears the way for Hearst to give the Examiner to a local publisher, thus ending a joint-operating agreement the two newspapers shared dating to 1965. Hearst had agreed to do so in order to stave off antitrust allegations and satisfy community demands.