Fortress Investment Group will buy Dow Jones’ Local Media Group, the company announced Tuesday afternoon. The group’s 8 daily and 15 weekly newspapers “were not strategically consistent with the emerging portfolio” of News Corp., chief executive Robert Thomson said in a statement. GateHouse Media will manage the papers, the company said.
Dow Jones put the group on sale in April of this year.
The Local Media Group owns newspapers in Massachusetts, New Hampshire, New York, Pennsylvania, California and Oregon. Some of its titles are the Cape Cod Times, The Pocono Record of Stroudsburg, Pa., and The (Medford, Ore.) Mail Tribune.