Dow Jones may sell community newspapers
By Erina Lin, Wednesday 28 November 2007 at 23:43 :: Media Ownership :: #924 :: rss
Dow Jones & Co., publisher of The Wall Street Journal, said Tuesday it is considering selling the rest of its community newspaper group.
Dow Jones, which is expected to be acquired by News Corp. by the end of the year, had already sold six community newspapers last year and used the proceeds to purchase the other half of the Factiva news database business from Reuters Group Plc.
Murdoch said earlier that News Corp. was likely to sell the remaining community newspapers after the Dow Jones deal is complete, FinanzNachrichten reported.
Dow Jones's Ottaway newspaper group owns eight daily newspapers and 15 weeklies in seven states, including the Times Herald-Record, in Middletown, N.Y.; the Cape Cod Times in Hyannis, Mass.; and the Inquirer and Mirror on Nantucket, Mass.
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