The Birmingham-based company had a turnover of £3.6m in the financial year to December 31 2003. It publishes three editions, which cover Birmingham, the Black Country and Coventry, with a combined weekly sale of 49,500 copies.
Separately, DMGT Radio Australia is selling a portfolio of 57 regional radio stations to Regional Media Pty, a member of the Macquarie Bank Group for £77m.
The deal does not include DMGT's recently launched stations Hot 91, Sunshine Coast or Star 1045 on the central coast of New South Wales. It also excludes metropolitan stations in Sydney, Melbourne, Brisbane, Adelaide and Perth.
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