Hollinger International has agreed its second major disposal of the year by selling its Jerusalem Post and Jerusalem Report titles to Israeli publisher, Mirkaei, in a deal worth $13.2 million.
The firm, which was forced to reassess its business after former chief executive, Lord Black, became embroiled in financial misconduct investigations, is set to move the titles by mid-December this year.
Earlier this year saw the end of a lengthy bidding battle for the Telegraph Group, which was eventually won by the billionaire Barclay brothers, David and Frederick for £665 million (see Barclay Brothers Take Control Of Telegraph Titles).
The move brings Hollinger closer to disposing all of its newspapers assets, with only the Chicago Sun-Times, several local American newspapers and a number of Canadian titles left in its portfolio.
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