Antony Catalano has been looking to offload part of the regional media empire he co-owns with billionaire Alex Waislitz, putting three of its most storied publications – The Newcastle Herald, Illawarra Mercury and The Canberra Times – up for sale.
Mr Catalano, the executive chairman of Australian Community Media (ACM), has discussed selling some of his newspapers back to Nine Entertainment, sources with knowledge of conversations confirmed.
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Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.