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New Media buys Akron Beacon Journal

New Media Investment Group Inc. on May 11 closed the acquisition of substantially all of the publishing and related assets of the Akron Beacon Journal from Black Press Ltd. for $16 million.

Separately, New Media closed the sale of substantially all of the publishing and related assets of GateHouse Media Alaska Holdings Inc. to Black Press, according to a May 14 news release.

The Akron Beacon Journal, which has a daily circulation of more than 68,000, also offers a digital source of news for the local market, Ohio.com.