Fortress Capital near Liberty Group Publishing deal
Published: May 11, 2005 at 4:21 a.m. ET
Steve Goldstein
LONDON (MarketWatch) -- Fortress Capital is near a deal to buy newspaper publisher Liberty Group Publishing from Leonard Green & Partners for $530 million, The Wall Street Journal said, citing anonymous people familiar with the matter. The operator of about 300 community newspapers and advertising-heavy "shoppers" in 15 states had 2004 sales of $201 million, the report said. Media bankers not involved in the sale process said the price was a very full one, the report added.
Steven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.