 The Hearst Corporation, which owns and operates the "Houston Chronicle", bought the assets of the "Houston Post"—its long-time rival and main competition—when "Houston Post" ceased operations in 1995.The "Houston Post" was owned by the family of former Lieutenant Governor Bill Hobby of Houston.The only other major publication to serve the city is the "Houston Press"—a free alternative weekly with a weekly readership of more than 300,000.