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News Corp sells local publications

AFP-JIJI

News Corp, the publishing group created via the split of Rupert Murdoch’s media empire, said Tuesday it was selling 33 local publications to a group led by Fortress Investment Group.

The sale includes eight daily and 15 weekly newspapers that are part of the Dow Jones Local Media Group.

The breakup in June created two companies, one called 21st Century Fox that included the company’s film and television assets, with the publishing arm known as New News Corp.

Among the papers sold are the Times Herald-Record of Middletown, New York; Cape Cod Times in Hyannis, Massachusetts; The Record in Stockton, California; and The Mail Tribune in Medford, Oregon.

The newspapers will be merged into GateHouse Media, one of the largest publishers of locally based print and online media in the United States, a News Corp statement said.