Nine Entertainment sold its Australian Community Media and Printing business to Thorney Investment Group and Antony Catalano for A$115m.

Nine Entertainment, an Australian publicly listed media company, sold its Australian Community Media and Printing business to a company controlled by interests associated with Antony Catalano and Thorney Investment Group for A$115m ($81m). Hugh Marks, Chief Executive Officer of Nine, said: “The sale of ACM is aligned with our strategy to exit non-core businesses and to focus on Nine’s portfolio of high-growth, digital assets. We will retain a commercial relationship with ACM and look forward to continuing to work with the business in areas where there are mutual benefits to both Nine and ACM.”