The WAZ Media Group has sold its shares in three Macedonian daily newspapers - Dnevnik, Utrinski Vesnik and Vest - to Macedonia's Orka Holding, Media Print Macedonia has said Monday.

Both parties reserve the right of discretion involving the selling price. The deal was envisaged by the WAZ strategy for alienating shares in companies in Southeast Europe.

The WAZ Media Group was introduced to the media market in Macedonia in 2003 after acquiring majority stakes in the newspapers Dnevnik, Utrinski Vesnik and Vest.