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News Corp Sells Community Newspaper Group

cng logoNews Corp has sold Community Newspaper Group (CNG) — which publishes several New York papers and magazines, such as The Brooklyn Paper and The Bronx Times Reporter — to Les Goodstein and his wife, Jennifer Goodstein. The deal includes the print brands and their websites.

Les Goodstein is a former News Corp executive who also previously ran CNG. The Goodsteins own NYC CommunityMedia, publisher of The Villager, Downtown Express, Gay City News, East Villager News and Chelsea Now.

“Besides my love of newspapers, it was an honor to complete this transaction with News Corp I look forward to the continued success of the Community Newspaper Group” Goodstein said, in a statement. “Both my wife and I are members of the community and are pleased to continue serving the readers of Manhattan, Brooklyn, Queens and the Bronx. We plan to expand local coverage with local news important to the neighborhoods we serve.”

CNG’s publications include the aforementioned papers as well as Caribbean LifeBay News and Bay Ridge Courier, Bayside Times and TimesLedger. CNG’s magazines include FamilyWedding Guide and Sweet Sixteen.

Financial terms of the deal weren’t disclosed.

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