Antony Catalano buys Nine's regional newspapers for $115m

Nine announced the deal for its Australian Community Media publishing business and printing to the Australian Stock Exchange on Tuesday morning, with the sale to be completed by June 30. Nine is the owner of this masthead.

The sale was for $115 million in cash, with $10 million of this sum to be paid in 12 months time. An additional $10 million in advertising for Nine across the news titles is included in the deal, over three years.The Newcastle Herald, The Examiner, The Border Mail, The Courier

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Antony Catalano buys Nine's regional newspapers for $115mFormer Domain chief executive Antony Catalano and billionaire Alex Waislitz’s Thorney Investment Group have bought 170 regional and country newspapers from Nine Entertainment Co for $115 million in cash.
Source: smh - 🏆 6. / 80 Read more »

Antony Catalano buys Nine's regional newspapers for $115mFormer Domain chief executive Antony Catalano and billionaire Alex Waislitz’s Thorney Investment Group have bought 170 regional and country newspapers from Nine Entertainment Co for $115 million in cash.
Source: smh - 🏆 6. / 80 Read more »