ASSET PURCHASE AGREEMENT



                  ---------------------------------------------



                            dated as of July 10, 2000



                                      among



                            THOMSON NEWSPAPERS INC.,



                    THOMSON NEWSPAPERS LICENSING CORPORATION,



                             TN CUSTOMER HOLDING LLC



                                       and



                              MEDIANEWS GROUP, INC.



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                                TABLE OF CONTENTS




                                                                                            

ARTICLE I    DEFINITIONS....................................................................................1



       SECTION 1.01.   Certain Defined Terms................................................................1



ARTICLE II   PURCHASE AND SALE..............................................................................9



       SECTION 2.01.   Purchase and Sale of Assets..........................................................9

       SECTION 2.02.   Assumption and Exclusion of Liabilities.............................................11

       SECTION 2.03.   Purchase Price; Allocation of Purchase Price........................................13

       SECTION 2.04.   Closing.............................................................................13

       SECTION 2.05.   Closing Deliveries by the Sellers...................................................13

       SECTION 2.06.   Closing Deliveries by the Purchaser.................................................14

       SECTION 2.07.   Working Capital Adjustment..........................................................14



ARTICLE III   REPRESENTATIONS AND WARRANTIES OF THE SELLERS................................................16



       SECTION 3.01.   Organization and Authority of the Sellers...........................................16

       SECTION 3.02.   No Conflict.........................................................................16

       SECTION 3.03.   Consents and Approvals..............................................................16

       SECTION 3.04.   Financial Statements................................................................17

       SECTION 3.05.   Litigation..........................................................................17

       SECTION 3.06.   Permits and Licenses; Compliance with Laws..........................................17

       SECTION 3.07.   Conduct in the Ordinary Course; Absence of Changes or Events........................18

       SECTION 3.08.   Material Contracts..................................................................18

       SECTION 3.09.   Employee Matters....................................................................19

       SECTION 3.10.   Environmental Matters...............................................................20

       SECTION 3.11.   Intellectual Property...............................................................21

       SECTION 3.12.   Real Property.......................................................................21

       SECTION 3.13.   Transferred Assets..................................................................22

       SECTION 3.14.   Insurance...........................................................................22

       SECTION 3.15.   Labor Matters.......................................................................22

       SECTION 3.16.   Taxes...............................................................................22

       SECTION 3.17.   Brokers.............................................................................23

       SECTION 3.18.   Equipment and Tangible Property.....................................................23

       SECTION 3.19.   Circulation Matters.................................................................23

       SECTION 3.20.   Inventory...........................................................................23

       SECTION 3.21.   Nature of Transferred Assets........................................................24



ARTICLE IV    REPRESENTATIONS AND WARRANTIES OF THE PURCHASER..............................................24



       SECTION 4.01.   Organization and Authority of the Purchaser.........................................24

       SECTION 4.02.   No Conflict.........................................................................24





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       SECTION 4.03.   Consents and Approvals..............................................................24

       SECTION 4.04.   Absence of Litigation...............................................................25

       SECTION 4.05.   Financing...........................................................................25

       SECTION 4.06.   Brokers.............................................................................25

       SECTION 4.07.   FCC Matters.........................................................................25



ARTICLE V     ADDITIONAL AGREEMENTS........................................................................25



       SECTION 5.01.   Operation of the Newspapers Prior to the Closing....................................25

       SECTION 5.02.   Investigation; No Other Representations or Warranties...............................26

       SECTION 5.03.   Access to Information...............................................................26

       SECTION 5.04.   Confidentiality.....................................................................28

       SECTION 5.05.   Regulatory and Other Authorizations; Consents.......................................28

       SECTION 5.06.   Transition Services.................................................................29

       SECTION 5.07.   Bulk Transfer Laws..................................................................31

       SECTION 5.08.   Environmental Remediation Project...................................................31

       SECTION 5.09.   Non-Competition Covenant; No Interference...........................................32

       SECTION 5.10.   Corporate Service Agreements........................................................33



ARTICLE VI    EMPLOYEE MATTERS.............................................................................34



       SECTION 6.01.   Employees...........................................................................34

       SECTION 6.02    Health and Welfare Benefits.........................................................34

       SECTION 6.03.   Intentionally Omitted...............................................................35

       SECTION 6.04.   Pension Plan........................................................................35

       SECTION 6.05.   Defined Contribution Plan...........................................................35

       SECTION 6.06.   Intentionally Omitted...............................................................36

       SECTION 6.07.   WARN Act............................................................................36



ARTICLE VII   TAX MATTERS..................................................................................36



       SECTION 7.01.   Cooperation and Exchange of Information.............................................36

       SECTION 7.02.   Conveyance Taxes....................................................................36

       SECTION 7.03.   Treatment of Indemnity Payments.....................................................37



ARTICLE VIII  CONDITIONS TO THE CLOSING....................................................................37



       SECTION 8.01.   Conditions to Obligations of the Sellers............................................37

       SECTION 8.02.   Conditions to Obligations of the Purchaser..........................................38



ARTICLE IX    INDEMNIFICATION..............................................................................39



       SECTION 9.01.   Survival............................................................................39

       SECTION 9.02.   Indemnification by the Purchaser....................................................39

       SECTION 9.03.   Indemnification by the Sellers......................................................40

       SECTION 9.04.   Notification of Claims..............................................................40

       SECTION 9.05.   Limitations.........................................................................42





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       SECTION 9.06.   Exclusive Remedy.....................................................................43



ARTICLE X     TERMINATION, AMENDMENT AND WAIVER.............................................................43



       SECTION 10.01.  Termination..........................................................................43

       SECTION 10.02.  Effect of Termination................................................................44

       SECTION 10.03.  Exclusive Remedy.....................................................................44



ARTICLE XI    GENERAL PROVISIONS............................................................................45



       SECTION 11.01.   Expenses............................................................................45

       SECTION 11.02.   Notices.............................................................................45

       SECTION 11.03.   Public Announcements................................................................46

       SECTION 11.04.   Headings............................................................................46

       SECTION 11.05.   Severability........................................................................46

       SECTION 11.06.   Disclosure Schedule.................................................................46

       SECTION 11.07.   Entire Agreement; Time of the Essence...............................................46

       SECTION 11.08.   Assignment; Like Kind Exchange......................................................47

       SECTION 11.09.   No Third-Party Beneficiaries........................................................47

       SECTION 11.10.   Further Action......................................................................47

       SECTION 11.11.   Amendment, Waiver...................................................................47

       SECTION 11.12.   Governing Law; Jurisdiction.........................................................48

       SECTION 11.13.   Counterparts........................................................................48

       SECTION 11.14.   Construction........................................................................48

       SECTION 11.15.   No Conflict of Interest.............................................................48

       SECTION 11.16.   Guarantee...........................................................................49







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EXHIBITS



         1.01(a)      Newspapers and Other Periodical Publications

         1.01(c)      Form of Assumption Agreement

         1.01(d)      Form of Bill of Sale and Assignment

         1.01(e)      Knowledge of Persons

         1.01(f)      Certain Excluded Intellectual Property

         1.01(g)      Market Area

         2.03(b)      Allocation of Purchase Price and Assumed Liabilities

         2.07         Closing Working Capital Procedures

         5.06         Transition Services

         5.08         Environmental Remediation Projects

         8.01(g)      Form of Purchaser's counsel opinion

         8.02(g)      Form of Sellers' counsel opinion









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DISCLOSURE SCHEDULE



Section 1.01(1)        Real Property

Section 1.01(2)        Environmental Reports

Section 2.01(b)        Excluded Assets

Section 2.02(b)        Excluded Liabilities

Section 3.02           No Conflict

Section 3.03           Consents and Approvals

Section 3.04(a)        Financial Statements

Section 3.04(b)        Undisclosed Liabilities

Section 3.05           Litigation

Section 3.06(a)        Permits and Licenses; Compliance with Laws

Section 3.06(b)        Violation of Law

Section 3.07           Conduct in the Ordinary Course; Absence of Changes or

                       Events

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