News Corp buys APN's regional newspapers for A$36M, AFR, Australian report

Mon, 20 Jun 2016

By Sophie Boot June 21 (BusinessDesk) - Rupert Murdoch's News Corp has bought APN News & Media's Australian regional newspaper business for A$36 million, leaving APN to focus on its radio stations and outdoor advertising business, according to Australian media reports. In its 2015 financial results released in February, APN said it was looking to sell its regional newspaper business, which has a portfolio of 12 daily and more than 60 non-daily Australian regional newspapers, so it could focus on its digital growth strategy. In those r...

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