The investment bank that owns GateHouse Media has been sold to the Japanese

Fortress Investment Group, the investment bank that owns the GateHouse Media chain of community newspapers, has been sold to a Japanese bank, SoftBank Group Corp., for $3.3 billion, the Worcester Business Journal reports.

GateHouse, based in suburban Rochester, New York, owns well over a hundred local weeklies in Eastern Massachusetts as well as dailies such as the Telegram & Gazette of Worcester, The MetroWest Daily News of Framingham. The Patriot Ledger of Quincy, The Standard-Times of New Bedford and the Cape Cod Times.

Strange days indeed.

Update: OMG, there is a Trump angle. (Thanks to Saul Tannenbaum, who posted a link to this in the Facebook comments.)

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