Is Rupert Murdoch about to gobble up ten Queensland and two NSW regional daily newspapers?

It probably comes as no surprise to readers of APN News & Media’s The Daily Examiner and Coastal Views that newspapers in the Northern Rivers are battling and, Rupert Murdoch may be poised to swallow whole  APN’s print stable Australian Regional Media.

This print stable includes 12 daily newspapers and 70 community & specialist titles.

If News Corp does purchase ARM that would leave only three Northern Rivers newspapers, including the Clarence Valley Independent not in Murdoch’s control.

Echo NetDaily, 26 February 2016:

The owner of The Northern Star and other local newspapers including Byron Shire News, Tweed Daily News, Lismore Echo and Ballina Advocate has put them on the market, saying they are dragging the company down.

They join more than 100 regional newspapers and websites in Queensland and northern NSW that are are up for sale as their owner says it no longer wants to pour money into them.

APN News & Media says it is in talks about the divestment of its Australian Regional Media (ARM) business, which reaches an audience of more than 1.5 million between Mackay and Coffs Harbour.

ARM’s earnings dropped 27 per cent in calendar 2015, despite millions in cost cuts and growth in digital subscriptions beginning to replace the declining newspaper audience.

‘Further investment in this business is now inconsistent with APN’s long term ambitions and we have commenced the process to divest the business,’ APN chief executive Ciaran Davis said.

According to industry publication TheNewspaperWorks APN was asked after its results presentation, whether News Corp Australia was the only potential purchaser of the mastheads and how APN would ensure it was not disadvantaged in the sales process by News’ investment in the company. (News holds a 15 per cent strategic stake in APN.)

‘In response APN said it was talking to a number of parties, and it was too early for a price guide,’ TheNewspaperWorks reported.

Byron Shire Echo and Echonetdaily general manager Simon Haslam said, ‘This just reinforces the point that Rupert Murdoch is calling the shots at APN.’

Mr Haslam added, ‘On behalf of The Echo, I’m happy to offer to run free classifieds for APN to help them in their search for an alternative purchaser, so Byron shire is not further exposed to News Ltd, as Murdoch’s ownership increases to 100 per cent of the Byron News and Northern Star.’…..