MEDIA

Dow Jones to Sell Stake in Riverside Paper: The New York-based company agreed to sell its 21.5% interest in Press-Enterprise Co., publisher of the Riverside daily newspaper, to A.H. Belo Corp. for an undisclosed sum. Dow Jones & Co. said the transaction is subject to government approvals. It said controlling interest in Press-Enterprise is held by the families of Howard H. “Tim” Hays and his brothers. The Press-Enterprise, with daily circulation of 169,231, would be the first Southern California newspaper property for A.H. Belo, publisher of the Dallas Morning News, the Owensboro (Ky.) Messenger-Inquirer, the Bryan-College Station (Texas) Eagle, the Arlington (Texas) Morning News, eight community newspapers and seven network-affiliated television stations. Dow Jones publishes the Wall Street Journal.