Newspaper company to buy Raleigh newspaper company

RALEIGH, N.C. (AP) The Raleigh newspaper business is about to get a boost.

The owner of a national newspaper chain is buying the Raleigh-based Raleigh News & Daily, which owns more than 150 papers nationwide.

The News &amps; Daily will pay $10.2 million for the company.

The paper’s shares have been up more than 5 percent this year.

The company has been in a steady decline since it was spun off from News &ltd.

in 2011.

A News &ams; Daily spokeswoman says the company is working on a merger with a smaller company.

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