Announced
Financials
Tags
newspaper publishing
Acquisition
Australia
Private
Publishing
Pending
media company
Private Equity
Synopsis
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.”
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