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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Sydney company buys up local US newspapers

The Sydney-based investment fund, Macquarie Media Group, has acquired a group of 40 US newspapers in Texas and Oklahoma. It paid about £40m for the company, American Consolidated Media Inc , and Macquarie's managing director, Alex Harvey, explained that the acquisition was part of a strategy to acquire community newspapers in the US. Macquarie owns 85 Australian regional radio licences and has a 60% interest in a pay-TV provider in Taiwan. (Via Sydney Morning Herald)

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