Macquarie buys Texas newspaper chain (Trans-Texas Corridor)

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Macquarie is an Australian conglomerate that has interests in U.S. toll roads, including one in Indiana that it co-owns with the Spanish conglomerate Cintra. The latter company will operate the Trans-Texas Corridor, and one of Macquarie's subsidiaries has just bought a chain of 40 small Texas newspapers, some of which were critical of the TTC. Dallas Morning News President Jeremy L. Halbreich started the chain, and he'll stay on in a management capacity.

Now, certainly, this could just be a decision based on the profitability of that chain. Or, it could be an attempt to shape the local news in a way that will benefit their partner Cintra.

Comments

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