Media
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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
Discovery Communications Inc. is seeking to purchase control of The Hub from partner Hasbro Inc. and rename the children’s TV network Discovery Family to attract a wider audience, two people familiar with the plan said. more
GTECH S.p.A. and Sony Pictures Consumer Products have announced a multi-year licensing agreement granting GTECH property licensing rights to television game shows Wheel of Fortune and Jeopardy!. more
Embolden, a digital-communications group, has been acquired by New Jersey-based Crown Philanthropic Solutions, which specializes in philanthropic technology. more
Economic conditions remain mixed in New England, with manufacturers citing weaker results, but those in the tourism industry reporting gains, according to the Federal Reserve’s Beige Book released Wednesday. more
Alex and Ani LLC is being sued over the aborted sale of its since dissolved Seven Swords Media subsidiary. more
The Providence Journal posted a 2.7 percent gain in first-quarter revenue to $21.2 million, according to a U.S. Securities and Exchange Commission filing made public Wednesday. more
A.H. Belo Corp., parent company of The Providence Journal, reported a net loss of $4.04 million, or 19 cents per diluted share, during the first quarter of 2014, reducing nearly by half the loss of $8.02 million posted for the same three-month period last year. more
SENIOR COUNSEL – Lin Media LLC 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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