None of the employees affected by today's sale are represented by IAPE TNG/CWA Local 1096.
Financial Terms of the sale were not disclosed. The division of the Company — including former Ottaway papers — had been for sale since April of this year.
The following is the full text of the press release from Dow Jones & Company:
NEWS CORP ANNOUNCES SALE OF Dow Jones LOCAL MEDIA GROUP
NEW YORK — September 3, 2013 — News Corp (NASDAQ: NWS, NWSA; Temp. ASX tickers: NNC, NNCLV) announced today that it has sold the Dow Jones Local Media Group, which operates 33 publications, including 8 daily and 15 weekly newspapers, to an affiliate of Fortress Investment Group LLC.
The Dow Jones Local Media Group daily newspaper franchises include the Times Herald-Record (Middletown, N.Y.); Cape Cod Times (Hyannis, Mass.);The Record (Stockton, Calif.); The Standard-Times (New Bedford, Mass.); | More
Under the terms of the main IAPE contract with Dow Jones, all employees, regardless of overtime eligibility, are entitled to holiday pay whenever they are required to working on any of the holidays recognized by the IAPE/DJ collective bargaining agreement. The eight US holidays recognized by the contract are New Year's Day, Martin Luther King Jr. Day, President's Day, Memorial Day, Independence Day, Labor Day, Thanksgiving and Christmas. In Canada the CBA recognizes New Year's Day, Good Friday, Victoria Day, Canada Day, Labour Day, Thanksgiving, Christmas, Boxing Day, St. Jean Baptiste Day (in Quebec) and Civic Day (in Ontario). - More