Sunday, May 17, 2009

Prospective 'Citizen' Buyer Says Showdown Is Set for Monday Morn

Posted By on Sun, May 17, 2009 at 5:46 PM

We just received this from Stephen Hadland, the CEO of the Santa Monica Media Company, the company whose offer to buy the Tucson Citizen was turned down by Gannett:

The Arizona Attorney General Terry Goddard filed suit in Federal Court against Lee Enterprises and Gannett Corporation just before 5 PM Friday afternoon. The Attorney General is also seeking a Temporary Restraining Order preventing the shutdown of the Tucson Citizen.

The Judge assigned to the case is U.S. District Judge Raner C. Collins.

The Judge has set a hearing in the matter of the closing of the Tucson Citizen. The hearing will be held in Tucson Federal Court at 9:30 AM Monday morning. Lee and Gannett are flying in their Chief Counsels.

They have both filed motions to dismiss the Case.

I understand the US Department of Justice is also flying in a representative.

I personally believe the Attorney General will prevail.

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