News Corp To Sell Community Newspaper Group To Les And Jennifer Goodstein

(RTTNews) - News Corp. (NWSA, NWS) announced an agreement to sell its Community Newspaper Group or CNG to Les and Jennifer Goodstein. Financial terms of the agreement were not disclosed.

Commenting on CNG, the company said it 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.

The Goodsteins also own NYC CommunityMedia, publisher of The Villager, Downtown Express, Gay City News, East Villager News and Chelsea Now. Les Goodstein is a former News Corp executive who ran CNG between 2006 and 2013, the company noted.