Murdoch Nabs Nabe Paper

The Brooklyn Heights Courier and the 15 other Brooklyn and Queens neighborhood newspapers owned by Courier-Life will soon be property of Rupert Murdoch and News Corp —

0720murd1.jpgNew York Times: The News Corporation, owner of The New York Post, has broadened its metropolitan-area presence with the acquisition of two newspaper groups that have 28 weekly papers primarily serving Queens and Brooklyn.

With the move, News Corporation is increasing its reach to the boroughs outside Manhattan and the minority populations that have been strongholds of its main competitor, The Daily News.

While the price of the acquisition was not disclosed, someone close to the deal but not authorized to speak about the matter said News Corporation paid $16 million for the two operations: the TimesLedger and Courier-Life newspaper groups.


Share this Story:
Comments are closed.