Original article by Max Mason, Sarah Thompson
The Australian Financial Review – Page: 24 : 12-May-20
Sources have indicated that News Corp Australia will restructure its regional and community newspapers arm if a deal to sell the business cannot be reached quickly. News Corp has held talks about selling the newspapers to Australian Community Media. It is believed that a key issue for News Corp is the value of the mastheads in terms of cross-marketing with REA Group; ACM’s joint owner Antony Catalano has a 26 per cent stake in rival property listings portal Real Estate View.
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMMUNITY MEDIA, REA GROUP LIMITED – ASX REA, REALESTATE.COM.AU, REALESTATEVIEW.COM.AU LIMITED, DOMAIN HOLDINGS AUSTRALIA LIMITED – ASX DHA