Media
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LIN Media LLC directors structured Media General Inc.’s $1.6 billion buyout of the local TV-station operator in a way that unfairly benefits private-equity firm HM Capital Partners LLC over other shareholders, a pension fund claimed in a lawsuit. more
(Updated, 2:54 p.m.) Media General Inc. agreed to acquire Providence-based LIN Media LLC in a transaction valued at about $1.6 billion, adding local TV stations across the U.S. to get better negotiating leverage with advertisers and cable providers. more
A report released Thursday outlining an action plan to improve digital literacy in the state advised policymakers to work with educators and business leaders to transform the state’s digital media industry. more
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
Providence Business News took two first-place awards Saturday in the New England Newspaper and Press Association’s Better Newspaper Competition as well as second place for general excellence. more
Economic development and the celebrated successes of local businesses topped the list of most-read stories on PBN.com in 2013. Three of the top six stories were the announcements of winners in Providence Business News’ annual Rhode Island’s Best Places to Work, 40 Under Forty and Fastest-Growing & Innovative Companies awards. more
Reed Phillips III, a media analyst at DeSilva & Phillips in New York, has estimated the worth of The Providence Journal at between $35 million and $50 million. more
The A.H. Belo Corp. announced Wednesday morning that it was exploring the sale of the Providence Journal. Company Chairman, President and CEO James M. Moroney III said the move fit with an overall strategy to “focus on investing and growing in Dallas.” more
A Superior Court judge has blocked the proposed sale of The New England Media Group – which includes The Boston Globe and the Worcester Telegram & Gazette – to Red Sox owner John W. Henry, the Telegram reported Tuesday. more
Providence Business News was named New England Newspaper of the Year for specialty publications by the New England Newspaper & Press Association at the organization’s 2013 Fall Conference Thursday. more
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