News Corp Plans Sale of Community Newspaper Group to the Goodsteins

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By: Street Insider

News Corp announced an agreement to sell its Community Newspaper Group (CNG) to Les and Jennifer Goodstein.CNG, headquartered in Brooklyn, is a network of 11 community newspapers and web sites, including Caribbean Life, The Brooklyn Paper, The Bronx Times Reporter, Bay News and Bay Ridge Courier, Bayside Times and TimesLedger.

CNG also publishes specialty magazines, including Family magazines, the Wedding Guide and Sweet Sixteen Magazine. CNG distributes over 235,000 newspapers each week in Brooklyn, Queens, The Bronx and Manhattan.

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