News Corp. to keep Ottaway

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When News Corporation bought Dow Jones last year, Rupert Murdoch immediately put the Ottaway Newspapers group on the auction block. But the market for newspapers has soured since then, so Ottaway will remain a part of News Corporation.


The group of nine daily and 15 weekly newspapers in seven states had been expected to bring over a half billion dollars. But newspaper valuations have plunged since News Corp. began shopping the group last August.