Original article by John Stensholt, Lilly Vitorovich
The Australian – Page: 19 & 24 : 1-May-19

Nine Entertainment Company has sold its portfolio of regional newspapers to former Domain Holdings CEO Antony Catalano. He will pay $125m for the assets in partnership with Alex Waislitz’s Thorney Investment Group. Catalano forecasts that the Australian Community Media business will post EBITDA of around $42m in 2018-19 and about $50m in 2019-20. The Media Entertainment & Arts Alliance has urged ACM’s new owners to commit to maintaining quality journalism in regional communities. Nine also intends to sell Fairfax Media’s events business and its New Zealand assets.

CORPORATES
NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, AUSTRALIAN COMMUNITY MEDIA, THORNEY INVESTMENT GROUP AUSTRALIA PTY LTD, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA, MEDIA, ENTERTAINMENT AND ARTS ALLIANCE, FAIRFAX MEDIA LIMITED, STUFF LIMITED, MORNINGSTAR PTY LTD