Newspaper malaise chills M&A

If this is a bad time to be the in the newspaper business, it is a worse time to be trying to sell a publishing company.News Corp. conceded the weakness of the M&A market for newspapers last week, when it abandoned its efforts to sell the Ottaway division that it acquired when it bought Dow Jones last year. Ottaway operates eight dailies and 15 weeklies in seven states from New York to