The Barnstable Patriot: Case Study
196 Words1 Pages
News Corp. obtained The Patriot when it purchased Dow Jones & Company (Ottaway 's guardian) for US$5 billion in late 2007. Rupert Murdoch, the head of News Corp., purportedly told speculators before the arrangement that he would be "offering the neighborhood daily papers decently fast" after the Dow Jones buy.
On September 4, 2013, News Corp declared that it would offer the Dow Jones Local Media Group to Newcastle Investment Corp.— a subsidiary of Fortress Investment Group,
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