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Squeezed Cox To Sell 'Austin American-Statesman'

Cox Enterprises is selling its Austin, Texas, newspaper and other small papers to pay down debt and reduce the company's portfolio of ad-supported properties.

Cox, a privately held company based in Atlanta, intends to sell the Austin American-Statesman, five community papers in Texas, three papers in North Carolina, and two in Colorado. Also on the block is the company's Valpak direct coupon mailing business.

Read the whole story at Associated Press »

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