After recording losses for several years, GateHouse Media Inc. is expected shortly to follow other print publishers into bankruptcy, as the audience for media continues to abandon print for the Internet and mobile devices. The anticipated move was announced by debt owner Newcastle Investments Corp. (NYSE: NCT), a unit of Fortress Investment Group LLC (NYSE: FIG), on Sept. 4 when the company said it would purchase the Dow Jones Local Media Group from News Corp. (Nasdaq: NWS) for $87 million. 

The deal included 33 local publications, which Newcastle said would be managed by GateHouse.

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