Houston is served by the Houston Chronicle, its only major daily newspaper with wide distribution. 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.