Seven West Media (SWM) has taken control of Community Newspaper Group (CNG).
CNG, which publishes 12 free weekly metropolitan print titles and 17 digital titles, was previously half owned by News Corp Australia and Seven West Media.
Seven has now purchased News’ 50.1% share in the company, giving it full ownership.
“We are proud to have complete ownership of this business which complements our existing audiences and media portfolio in WA,” Maryna Fewster, Seven West Media WA CEO, says.
Seven says it will relocate CNG to its WA headquarters in Osborne Park in late June but declined to comment on how many jobs will be impacted by the move.
SWM currently owns The West Australian and The Sunday Times, as well as regional papers, which are distributed throughout the state. It also has a share in the TV sector, with Seven News.
The decision by News Corp Australia to pull out of CNG comes as it expresses interest in opening further digital-only news publications after announcing the launch of The Canberra Star.
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