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Reading: News Corp Buys APN’s Regional Papers For $36.6 Million
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B&T > Media > News Corp Buys APN’s Regional Papers For $36.6 Million
Media

News Corp Buys APN’s Regional Papers For $36.6 Million

Staff Writers
Published on: 21st June 2016 at 12:04 PM
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News Corp is set to become the new owner of APN News & Media’s regional papers after settling a deal to buy the swag for $36.6 million.

APN had previously announced plans to sell off its regional assets, a move which journalist union body MEAA condemned, due to the “challenging environment”.

The assets include 12 daily newspaper and 60 smaller publications in Australian Regional Media (ARM) portfolio that is said to reach 1.6 million people across print, online and mobile.

In a statement, News Corp executive chairman, Michael Miller, said: “We look forward to working with ARM team to secure the purchase of these strong newspaper brands in the growing regional centres in Queensland where we currently don’t have a presence.”

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Staff Writers represent B&T's team of award-winning reporters. Here, you'll find articles crafted with industry experience spanning over 50 years. Our team of specialists brings together a wealth of knowledge and a commitment to delivering insightful, topical, and breaking news. With a deep understanding of advertising and media, our Staff Writers are dedicated to providing industry-leading analysis and reporting, both shaping the conversation and setting the benchmark for excellence.

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