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.