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SEP 03, 2013 - Boston Herald

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News Corp. sells off 33 publications

News Corp. has sold its Dow Jones Local Media Group, which includes the Cape Cod Times in Hyannis, The Standard-Times in New Bedford and the Portsmouth (N.H.) Herald, to an affiliate of Fortress Investment Group LLC, the company said yesterday.The Dow Jones Local Media Group has 33 publications, including eight daily newspapers and 15 weekly newspapers. Herald publisher Patrick J. Purcell is executive chairman of the group.Financial terms of the deal were not disclosed.News Corp. CEO Robert Thomson said the publications did not fit with the company’s future.

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