SF Weekly, Reilly acknowledged, tends to write with a more progressive voice than mainstream publications, and he expressed enthusiasm about its work. Reilly, who has intervened in the local media scene twice to try to break up media monopolies that were forming in local news, said that the paper having a strong voice would be important to newspaper competition. In the most prominent case, he filed an antitrust lawsuit in an attempt to stop the sale of the San Francisco Chronicle to Hearst Corp.
That deal included selling the Examiner to much less wealthy owners, which Reilly alleged would undermine the Examiner and remove competition for the Chronicle. Reilly announced the acquisition, effective Jan. Terms were not disclosed. Reilly said he plans to invest resources into the Examiner, adding pages, more new coverage and hiring additional journalists. He said the first quarter will be spent strategizing changes to be rolled out starting in the second quarter.
Reilly was once the city's premier political consultant, helping launch the careers of U. Dianne Feinstein. In the last two decades, Reilly has built a real estate portfolio that includes the Merchants Exchange Building, the Julia Morgan Ballroom and Credo Restaurant, along with an events business.
Join the San Francisco Business Times for our annual 40 Under 40 awards event celebrating the class of honorees! Marketplace Obits. Publisher Jay Curran said the sale was good news for the company. Tags: Bay Area News , san francisco news. San Francisco Examiner Media Company.
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