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News Corp. Buys More New York City Papers

News Corp., which already owns the New York Post, has broadened its presence in the city by acquiring two newspaper groups with 28 weekly papers serving Queens and Brooklyn. With the move, the company now increases its reach to boroughs outside Manhattan and the minority populations that have been strongholds of its main competitor, the Daily News. While the price of the acquisition was not revealed, a source says News Corp. paid $16 million for the TimesLedger and Courier-Life newspaper groups. TimesLedger publishes 16 weekly newspapers in Queens with a total circulation of 50,000. Courier-Life publishes 11 Brooklyn newspapers with a total circulation of 90,000. Courier-Life also publishes Caribbean Life, which has a circulation of 105,000 across the five boroughs and Westchester and Nassau counties. The sale will not affect the editorial staff of the acquisitions or change their content.



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