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Article: Hollinger International Announces Completion of Sale of The Jerusalem Post and The Jerusalem Report to Mirkaei Tikshoret Ltd.
- Article from:
- PR Newswire
- Article date:
- December 15, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Hollinger International Inc. ("the Company") today announced the completion of the sale by its indirect subsidiary, American Publishing Holdings, Inc., of The Palestine Post Limited, the publisher of The Jerusalem Post and The Jerusalem Report, to Mirkaei Tikshoret Ltd., a leading publisher of newspapers in Israel. The purchase price was US$13.2 million in cash. This sale agreement resulted from the Company's previously announced, ongoing Strategic Process.
Gordon Paris, Interim Chairman and CEO of Hollinger International, stated, "We are delighted to announce the completion of the sale of The Jerusalem Post and The Jerusalem Report, which marks another ...