News Corp Sells Dow Jones' Local Media Group

Published September 03, 2013

| Reuters

News Corp (NWSA) said it sold its Dow Jones Local Media Group, which includes eight daily and 15 weekly newspapers, to a unit of Fortress Investment Group LLC.

Financial terms of the deal were not disclosed.

GateHouse Media, the local newspaper chain owned by Fortress, will manage the Dow Jones Local Media Group, which includes The Herald and The Mail Tribune, News Corp said.

(Reporting by Sruthi Ramakrishnan in Bangalore)

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