Australian Community Media owners Antony Catalano and Alex Waislitz have sold the former Launceston printing site of The Examiner and The Advocate daily newspapers to Austin Fagan, the owner of national electrical business Progress Switchboards, for $3.5 million.
The Catalano and Waislitz co-owned entity 20 Cashews disclosed the sale of the 231 George Town Road, Rocherlea, site and its expected settlement date of February 15, in filings showing the company posted a $2.5 million net loss last year.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
Sam Buckingham-Jones is the media and marketing reporter at The Australian Financial Review. Connect with Sam on Twitter.
