MEDIA

MEDIA

Gannett Sells Four Newspapers

Gannett of McLean announced that it had sold the Utica (N.Y.) Observer-Dispatch, the Norwich (Conn.) Bulletin, the Register Star in Rockford, Ill., and the Herald-Dispatch in Huntington, W.Va., to GateHouse Media for $410 million. The Observer-Dispatch was one of six newspapers owned by Frank Gannett when he formed the company in 1923.

MORTGAGES

Bill Would Force Sale of Fannie, Freddie Assets

Fannie Mae of McLean and Freddie Mac of the District would have to sell 70 percent of their combined $1.4 trillion in mortgage assets under legislation introduced by four Republican senators on the panel that oversees the companies. Under the bill, the government-chartered companies could hold only mortgages and mortgage bonds that promote homeownership among low-income Americans.

EXECUTIVES

NeuStar Director to Take Over at Comverse

Andre Dahan quit the NeuStar board to become Comverse Technology's chief executive. Dahan has been director of Sterling-based NeuStar since June. He previously was an AT&T Wireless executive. Dahan replaces Jacob "Kobi" Alexander, who resigned last year when accused of inflating the value of stock options. He was also with charged securities fraud, money laundering and bribery and is awaiting extradition from Namibia.

CACI Selects Finance Chief

CACI International named Thomas Mutryn chief financial officer and treasurer. Mutryn, 52, had been acting chief financial officer and treasurer since January. He replaced Stephen L. Waechter, who left the Arlington military logistics provider in January.

Chief Financial Officer Out at Mills

Mills Corp., the mall developer acquired by Simon Property Group and Farallon Capital Management this month, said in a regulatory filing that it fired Chief Financial Officer Richard J. Nadeau, effective May 8.

Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.