Media
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A.H. Belo Corp. has completed the $46 million sale of The Providence Journal to Gatehouse Media, a subsidiary of New York-based New Media Investment Group Inc. more
(Updated, 9:45 p.m.) The Providence Journal has begun laying off employees in advance of its acquisition by the parent of Gatehouse Media Inc., according to comments from newsroom staff on social media. Rhode Island Public Radio reports that 22 editorial union personnel were losing their jobs. more
CBS Corp., owner of the most-watched U.S. television network, agreed to renew affiliation agreements for 12 stations owned by Lin Media LLC, helping the local-TV chain cement the terms of its takeover by Media General Inc. more
Media General announced Wednesday that it has entered into definitive agreements to sell several of its assets – including WJAR-TV NBC 10 – to meet the regulatory requirements of its merger with Providence-based LIN Media, the parent of WPRI-TV 12. more
Don Pardo, the often heard, rarely seen announcer of the NBC television network for six decades, whose baritone voice was part of long-running shows such as “The Price is Right,” “Jeopardy!” and “Saturday Night Live,” has died. He was 96. more
Workers in the Providence-Fall River-Warwick metro area had an average hourly wage of $23 in May 2013, roughly 3 percent above the nationwide average of $22.33, according to the latest data from the U.S. Bureau of Labor Statistics. more
Six Rhode Island municipalities and 10 state and quasi-public agencies are in violation of the state’s Access to Public Records Act, according to an audit performed by the Access/RI nonprofit coalition and MuckRock collaborative news site and public records request platform. more
(Updated, Aug. 4, 3:45 p.m.) GateHouse Media will not honor the collective bargaining agreements negotiated between the Providence Journal and A.H. Belo Corp. and may lay off as many as 40 Journal employees upon its purchase of the paper who will be covered by Belo’s severance policy, according to an asset purchase agreement filing with the U.S. Securities and Exchange Commission. more
The Providence Journal’s second-quarter profit more than doubled to $2.1 million, as revenue grew 1.1 percent to $22.3 million compared with the same period last year, according to an A.H. Belo Corp. filing with the U.S. Securities and Exchange Commission made public Wednesday. more
One week after announcing an agreement to sell the Providence Journal to New Media Investment Group Inc., A.H. Belo Corp. reported second-quarter net income of $22 million, more than 18 times the profit of the same year-earlier period, thanks in large part to an $18.5 million investment gain. more
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