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News Corp selling Community Newspaper business

June 23, 2014
Associated Press

NEW YORK (AP) — News Corp. is selling its Community Newspaper Group, which is based in New York City and publishes 11 community newspapers and websites, as well as several magazines.

Former News Corp. executive Les Goodstein and his wife Jennifer are buying the business. Les Goodstein ran Community Newspaper Group from 2006 to 2013.

The two sides did not disclose terms.

The Goodsteins also own NYC CommunityMedia, which publishes several newspapers, including The Villager, Downtown Express, and Gay City News

CNG, headquartered in Brooklyn, distributes 235,000 newspapers each week. Its publications include Caribbean Life, The Brooklyn Paper, The Bronx Times Reporter, Bay News and Bay Ridge Courier, and Bayside Times and TimesLedger. It also puts out magazines including Family, Wedding Guide, and Sweet Sixteen.

 
 

 

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