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SEP 04, 2013 - New Statesman

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News Corp offloads 33 publications in Dow Jones Local Media Group

The sold assets will be managed by GateHouse Media.News Corporation has sold the 33 publications in its Dow Jones Local Media Group to an affiliate of Fortress Investment Group for an undisclosed amount, marking the first disposal of the struggling media firm since its split in June 2013. Apart from daily and weekly newspapers, the Dow Jones Local Media Group operates eight daily newspapers and 15 weeklies. The sale will include daily newspaper titles such as the Times Herald-Record in Middletown, the Cape Cod Times in Hyannis, Massachusetts, the Pocono Record in Stroudsburg, Pennsylvania, ... Read More

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