Seven West Media acquires remaining shares in Community Newspaper Group

Seven West Media has announced it will buy the 50.1 per cent of Community News owned by News Corp.
Seven West Media has announced it will buy the 50.1 per cent of Community News owned by News Corp.

SEVEN West Media has announced it will buy the 50.1 per cent of Community News Group owned by News Corp.

SWM ownership of Community News, which was previously run as a joint venture between Seven West and News Corp, officially commenced today.

A review of all operations at Community News is underway to ensure the company is well positioned for future growth.

A statement sent to staff said the outcome of the review would be communicated on Wednesday by SWM Chief Operating Officer Adam Everett and Community News Chief Executive Officer Paul Eteen-Bliss.

As part of the acquisition, Community News will relocate its operations from Stirling Street in Northbridge and Welshpool to Seven West Media’s headquarters at Hasler Road in Osborne Park.

“Seven West Media is now delighted to announce that we will be acquiring the remaining shares that it does not already own in Community News, a business with deep connections and engagement within the local communities of Perth and Mandurah,” SWM chief executive officer Maryna Fewster said in an email to Community News staff today.

“Community News is a business that we are very familiar with and we know that it will complement our existing audiences and media assets in Western Australia.”