The latest: Dean Singleton, the CEO and founder of MediaNews Group, just finished speaking to our newsroom. He says whatever the local management is doing now, it can keep on doing under his ownership. This is pretty much what I figured would happen all along: He envisions no layoffs or staff cuts unless the paper’s management determines that’s what needs to happen. Union contracts will be honored and pay and benefits will not change as a result of this transaction.

We’ll see how it shakes out. In any case, the sun’ll come up tomorrow.

News is coming over the wires that the Mercury News and three other papers have been sold to Dean Singleton’s MediaNews Group. More news as it becomes available will be posted at Romenesko’s media news blog.