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Tags: AS | Australia | Nine

Australia's Nine Media Sells 170 Newspapers for $81 Million

Tuesday, 30 April 2019 03:38 AM

CANBERRA, Australia (AP) — A major Australian media company has announced it will sell 170 regional and rural newspapers for 115 million Australian dollars ($81 million).

Nine Entertainment said on Tuesday it had signed an agreement to sell the newspapers to shareholder Antony Catalano and Thorney Investment Group. The sale is to be completed by June 30.

Catalano last year took court action in a failed attempt to block the merger of television network Nine with Fairfax Media, Australia's largest newspaper publisher after News Corp.

Nine only wants to keep Fairfax's metropolitan mastheads: The Sydney Morning Herald, The Age and The Australian Financial Review.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
A major Australian media company has announced it will sell 170 regional and rural newspapers for 115 million Australian dollars ($81 million).Nine Entertainment said on Tuesday it had signed an agreement to sell the newspapers to shareholder Antony Catalano and Thorney...
AS,Australia,Nine
103
2019-38-30
Tuesday, 30 April 2019 03:38 AM
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