Thursday, July 26, 2007

Dow Jones sale to Murdoch may provide more newspapers for GateHouse Media or CNHI

The fate of Ottaway Newspapers, the newspaper arm of Dow Jones & Co., is uncertain as parent company Dow Jones prepares to cell to Australian billionaire Rupert Murdoch.
According to an article in today's Boston Globe, the newspapers do not fit in with Murdoch's plans, which mainly concern Dow Jones' flagship publication, the Wall Street Journal, and there is a good chance the 27 newspapers will be sold.
Likely buyers, according to the article, are Community Newspaper Holdings, Inc. (CNHI), owner of the Joplin Globe, which used to be in the Ottaway chain, and GateHouse Media, owners of The Carthage Press, Neosho Daily News, Neosho Post, Big Nickel, and Greenfield Vedette in southwest Missouri.

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