Reflecting several changes in the evolving media landscape, including a shift from print and the quest to procure local advertisers, News Corp. has sold 33 print and online publications to an affiliate of Fortress Investment Group LLC (NYSE: FIG). 

Fortress, through an affiliate, is buying the Dow Jones Local Media Group, which operates 33 publications, for $87 million.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.