News Corp closes titles in Queensland, sells remaining stake in Community Newspaper Group to Seven West Media
News Corp has scaled back its involvement in the community and regional print newspaper market, selling the remaining 50.1% stake in Community Newspaper Group to Seven West Media.
The sale comes as the publisher also closes two Quest titles in Queensland, and after last week’s announcement that it would be shuttering the print operations on a Victorian Leader title.
As far as the local Quest newspaper City North News – as a resident of that area, haven’t had a copy delivered in over a year! So feel sorry for the Trades etc section who used to advertise that didn’t get their ads seen by the local readers who never got a copy of the weekly publication. So I guess it won’t matter that it and others will be finishing up.
What this means apparently is that News is out of Western Australia. What’s next? South Australia?
I smiled when I saw that News were selling and someone was buying. Then I saw that it was Kerry Stokes = continued fear mongering and agenda peddling… Sigh.