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News Corp (ASX:NWS) is selling 33 US publications to a group led by Fortress Investment Group.
The sale includes eight daily and 15 weekly newspapers which are part of the Dow Jones Local Media Group.
Among the papers to be sold are the Times Herald-Record of Middletown, New York; Cape Cod Times in Hyannis, Massachusetts; The Record in Stockton, California; and The Mail Tribune in Medford, Oregon.
The newspapers will be merged into GateHouse Media, one of the largest publishers of locally based print and online media in the United States.
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