(Updated, 3:20 p.m.) The Boston Phoenix will close immediately, as will WFNX.com, the company’s online radio station, reported Boston.com. more

Lin Television Corp. has acquired a majority ownership position in HYFN, a full-service developer of mobile, social media and Web experiences, Lin announced Friday. more

Local multimedia company Lin TV Corp., which does business as Lin Media, has acquired a majority ownership position in multi-channel ad buying and optimization company Dedicated Media, its second such acquisition in recent weeks. more

Three local news outlets – WJAR-TV, NBC 10; WLNE-TV, ABC 6; and Rhode Island Public Radio – were honored by the Radio Television Digital News Association in the 2013 Regional Murrow Awards. more

Hub Network, a multi-platform joint venture between Hasbro Inc. and Discovery Communications, has posted its 16th consecutive month of gains, Hasbro announced Wednesday. more

During the first quarter of 2013, Media General Inc. – parent company of WJAR-TV NBC 10 – saw losses narrow 48.6 percent to $17.7 million, or 65 cents per diluted share, from $34.4 million, or $1.53 per diluted share during the same three month period in 2012. more

Providence Business News has announced the awardees of the Best Places To Work competition, which recognizes companies – large and small – based on surveys of employees and management reports. more

Rhode Island Education Commissioner Deborah Gist praised WJAR-TV NBC10 and Hasbro Inc. for their support during the 2011-2012 school year in recognizing area teachers. more

The Metcalf Institute for Marine and Environmental Reporting has awarded a three-person team from the Salk Lake Tribune with the 2012 Grantham Prize for Excellence in Reporting on the Environment. more

WPRI-TV CBS 12, (add)ventures and 7DayPSA won local Emmy Awards at the 35th annual Boston/New England Emmy Awards on Saturday Night. more