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SEP 03, 2013 - Boston Herald

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News Corp sells Dow Jones Local Media Group

News Corp has sold its Dow Jones Local Media Group, which includes the Cape Cod Times in Hyannis, The Standard-Times in New Bedford and the Portsmouth (N.H.) Herald, to an affiliate of Fortress Investment Group LLC, the company said today.The Dow Jones Local Media Group has 33 publications, including 8 daily newspapers and 15 weekly newspapers.Financial terms of the deal were not disclosed.Robert Thomson, CEO of News Corp, said the publications did not fit with the company’s future.

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