CONTENTS

PAGE

Table of Authorities....................................iii

I.    INTRODUCTION........................................1

II.   PLAINTIFF'S TRIAL EVIDENCE..........................1

A.  THE PARTIES...................................1

B.  THE RELEVANT MARKET...........................2

C.  THE JOINT OPERATING AGREEMENT.................2,3

D.  COMPETITION UNDER THE JOA.....................4

E.  CPC'S DECISION TO SELL........................5

F.  HEARST'S MONOPOLY PROBLEM.....................6, 7

G.  THE SALE TO THE FANGS.........................8

H.  THE FANG/HEARST SHAM..........................9, 10

I.  WORSE THAN A SHAM.............................11-13

III.  CONTROLLING ISSUES OF LAW...........................14

A.  PLAINTIFF HAS STANDING TO BRING THIS ACTION.......14

B.  HEARST'S ACQUISITION OF THE CHRONICLE VIOLATES
SECTION 7 OF THE CLAYTON ACT AND SECTIONS 1
AND 2 OF THE SHERMAN ACT..............................15

      1.  Daily Newspapers in San Francisco Are a 
Relevant Market.......................................16

      2.  The "Sale" to the Fangs is a Sham...........16

      3.  The Examiner is Not a Failing Enterprise that Hearst
Should be Allowed to Close............................17

      4.  Public Policy is Served, Not Offended, by an Injunction
in This Case..........................................18	

C.  PLAINTIFF'S ANSWERS TO THE COURT'S SIX QUESTIONS..19

IV.   CONCLUSION..........................................20