The former Domain boss has discussed selling The Newcastle Herald, Illawarra Mercury and Canberra Times back to Nine.
Antony Catalano has been looking to offload part of the regional media empire he co-owns with billionaire Alex Waislitz, putting three of its most storied publications –Mr Catalano, the executive chairman of Australian Community Media , has discussed selling some of his newspapers back to Nine Entertainment, sources with knowledge of conversations confirmed.Mr Catalano bought the papers, alongside more than 160 other regional titles, for $125 million from Nine in 2019.
Mr Catalano denied he was actively looking to sell, but rather that he had been approached by interested parties. The business has gone through “significant digital transformation”, he said, and had more than 130,000 digital subscribers. “The interest from other media organisations is a strong endorsement of the work the team has done to modernise the business.”
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