NEW YORK CITY (dpa-AFX) - News Corp (NWS, NWSA, NWS.AX) announced that News Corp Australia will build its investment in APN News & Media Limited to a 14.99% stake subject to regulatory approval.
APN has a high quality portfolio of Australian and New Zealand radio and outdoor media assets and small regional print interests. It is led by a quality management team that has successfully driven improvements in the performance of the business.
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