Tuesday, April 2, 2013

News Corp. exploring sale of newspaper group, including the Times

News Corp. is exploring the sale of its Dow Jones Local Media Group, the collection of community newspapers mainly on the East Coast that was formerly known as the Ottaway community newspapers, according to people familiar with the matter.
The company has hired Waller Capital, the New York-based investment bank, to shop the papers, in hopes of selling them before the company spins off its publishing assets into a separate company this summer, according to the people.

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