Media

News Corp to sell Community Newspaper Group to former exec

News Corp said it was selling its 11-paper Community Newspaper Group, which includes the Brooklyn Paper and the Bronx Times Reporter, to a company headed by former News Corp executive Les Goodstein and his wife Jennifer.

Terms of the deal, which are expected to close within the next week, were not disclosed.

The group distributes 235,000 weekly papers in every borough except Staten Island and also includes Caribbean Life, Bay News and Bay Ridge Courier, Bayside Times and Times Ledger. CNG also publishes specialty magazines including Family magazines, the Wedding Guide and Sweet Sixteen Magazine.

The Goodsteins already own NYC Community Media, which publishes The Villager, Downtown Express, Gay City News, and Chelsea Now. Goodstein ran the CNG group for News Corp from 2006 to 2013.