News Corp sells Dow Jones' Local Media Group

Sept 3 Tue Sep 3, 2013 4:59pm EDT

Sept 3 (Reuters) - News Corp said it sold its Dow Jones Local Media Group, which includes eight daily and 15 weekly newspapers, to a unit of Fortress Investment Group LLC.

Financial terms of the deal were not disclosed.

GateHouse Media, the local newspaper chain owned by Fortress, will manage the Dow Jones Local Media Group, which includes The Herald and The Mail Tribune, News Corp said.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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