News Corp Circling Regional Newspapers in Australia

Australian: News Corp., publisher of the Australian, is believed to be circling the regional community newspapers owned by APN News and Media, which called on Credit Suisse to ­divest the portfolio. News Corp. already owns a network of 111 local mastheads, some of which are believed to be highly lucrative, and sources said the company was taking “a good look” at the APN offering.