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News Corp. Sells Local Papers For $87M

  • Bloomberg, Wednesday, September 4, 2013 3:21 PM
News Corp. sold 33 local publications -- including eight daily papers (among them Oregon's AshlandDaily Tidings) and 15 weeklies to real estate investment trust Newscastle Investment Fund for $87 million. That leaves just a few pubs in its Dow Jones inventory: the Wall Street Journal, MarketWatch, Barron’s, SmartMoney.com, "and the conferences business and news site AllThingsD, whose contract with the company ends this year," writes Edmund Lee.

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