Media
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A.H. Belo Corp., parent company of The Providence Journal, reported full-year net income of $16.1 million, or 71 cents per diluted share, in 2013, compared with 2012 earnings of $526,000, as it saw revenue fall 2.3 percent for the year to $366.2 million. more
The most important news, after the announcement itself, that the A.H. Belo Corp. was exploring the sale of The Providence Journal was the continuing admission by Belo that Rhode Island’s dominant daily was still “an important financial contributor to our company.” more
It’s NCAA tournament time – do you know what conference your favorite team plays in? For New England college basketball fans, the last two years of conference realignment have brought dizzying change, including the breakup of former regional stalwart the Big East. While local schools such as Providence College are pursuing their future in a new regional Catholic league, the organization that was the Big East remains headquartered in Providence, even as it rebrands itself as a national conference. more
(Updated, 5:30 p.m.) The Providence Phoenix will cease publication next week, according to a news release from the company. 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
The TV landscape in Rhode Island is going to change as result of the proposed merger of Media General, owner of WJAR-TV NBC 10, and Providence-based LIN Media LLC, owner of WPRI-TV CBS 12 and operator of WNAC-TV Fox 64. One of the stations is expected to get a new owner due to federal regulations that in most cases prevent ownership of more than one station in the same market. 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
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
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
Alex and Ani LLC is being sued over the aborted sale of its since dissolved Seven Swords Media subsidiary. more
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