McManus believes that Reilly ultimately "got a quarter of the loaf." Reilly, he said, may have protected the independence of the Chronicle, but MediaNews isn't being forced to unload any of its Bay Area properties to balance the field.

"Without [Reilly] having liberated the Mercury News and the Contra Costa Times and the smaller papers from the grip of MediaNews," McManus said, "the Chronicle's fate may be sealed." *

Editors note: The daily papers in the Bay Area treated the news of the settlement as a one-day story, and not a terribly big one. The San Francisco Chronicle ran it below the fold in the business section with a one-column head. But over the next few days, there were a lot of development and arguments over the deal; the trade journal Editor and Publisher was all over it. But none of that made it into the supposedly competitive local daily press.

A lot of the back and forth appeared on chainlinks.org, a Web site run by the Newspaper Guild. A selection:

Hearst-MediaNews deal scuttled: Former Chronicle City Editor Alan Mutter on the Reilly settlement

Editor and Publisher on the disagreement over the settlement

Jerry Ceppos, former executive editor of the San Jose Mercury News, whines about the deal

Romanseko links to some of the first-day stories