Mail group sells local newspapers

The owner of the Daily Mail has agreed the sale of its local newspaper arm in a deal that will create a new force in regional publishing with more than 100 titles.

Daily Mail and General Trust (DMGT) is selling its Northcliffe Media arm for £52.5 million to a new joint venture, called Local World, which will also combine the regional newspaper assets of Iliffe News & Media, which owns the Cambridge News.
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