Dow Jones launches newspaper sales process

Dow Jones has announced that it will explore options for selling Ottaway Newspapers, which includes the Mail Tribune, Ashland Daily Tidings and The Nickel.

Dow Jones, which also publishes The Wall Street Journal and a variety of print and online business publications, is in the midst of a sale to Rupert Murdoch's NewsCorp.

Murdoch, who is expected to close the Dow Jones sale in mid-December, previously said he planned to sell the Ottaway newspapers.

Ottaway operates eight daily and 15 weekly community newspapers and associated Web sites in seven U.S. states. In addition to those in Jackson County, the group's newspaper assets include the Times Herald-Record, in Middletown, N.Y.; the Cape Cod Times in Hyannis, Mass.; the Inquirer and Mirror in Nantucket, Mass., the Standard-Times in New Bedford, Mass.; the Pocono Record in Stroudsburg, Pa.; The Record in Stockton, Calif.; and The Portsmouth Herald in Portsmouth, N.H.

According to a press release from Dow Jones, "the options under consideration include the possible sale of some or all of those papers and associated media properties."

— Staff reports

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