New York—Dow Jones & Co., publisher of The Wall Street Journal, is exploring strategic alternatives for its Ottaway group of community newspapers, including a possible sale. The decision was made just ahead of the close of News Corp.’s $5.6 billion acquisition of Dow Jones, which is expected next month. Ottaway operates eight daily and 15 weekly community newspapers in seven states. The newspapers include: Ashland Daily Tidings in Ashland, Ore.; Cape Cod Times in Hyannis, Mass.; Inquirer and Mirror in Nantucket, Mass.; Medford Mail Tribune in Medford, Ore.; Pocono Record in Stroudsburg, Pa.; Portsmouth Herald in Portsmouth, N.H.; The Record in Stockton, Calif.; Standard-Times in New Bedford, Mass.; and Times Herald-Record in Middletown, N.Y.