2007-06-12 10:41:57 -

MELBOURNE, Australia (AP) - Australia's Macquarie Media Group said Tuesday it acquired two U.S. community newspaper publishers with a combined enterprise value of 80.1 million Australian dollars (US$67.6 million; ¤50.6 million).
Macquarie said its wholly owned subsidiary American Consolidated Media has entered into an agreement to buy 100 percent of Superior Publishing Corp., a publisher

of 19 local newspapers located mainly in the U.S. states of Minnesota and Wisconsin.
American Consolidated Media, or ACM, has also completed the purchase of all the publishing assets of the Oklahoma-based Grove Sun Newspaper Co., which produces four local newspapers.

«The acquisitions are part of a broader strategy to work with ACM's management team to acquire and grow a portfolio of community newspaper businesses in the United States,» MMG Managing Director Alex Harvey said in a statement to the Australian Stock Exchange.