Tuesday, March 5, 2024


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Gerry Smith

NEW MEDIA INVESTMENT Group has agreed to purchase Gannett for $1.38 billion. New Media owns and operates the Providence Journal. / PBN FILE PHOTO/BRIAN MCDONALD

New Media buying Gannett for $1.4 billion to form news giant

NEW YORK – New Media Investment Group Inc. agreed to acquire Gannett Co. in a $1.38 billion deal that unites the two biggest United...
SINCLAIR BROADCAST GROUP, Tribune Media and other local TV station owners have settled Justice Department claims they colluded to reduce competition in the advertising market. / BLOOMBERG NEWS FILE PHOTO JONATHAN HANSON

Sinclair, Tribune settle Justice Department probe over ad sales

NEW YORK - Sinclair Broadcast Group Inc., Tribune Media Co. and other local TV station owners have settled Justice Department claims they colluded to reduce...

CNN tilts business coverage to Silicon Valley as AT&T era dawns

NEW YORK - CNN is launching a new business website and expanding its technology coverage, part of a broader restructuring of the network’s digital operation...
MICHAEL REED, CEO of New Media, owner of the Providence Journal, said he company has cut highly paid but unproductive reporters while asking the remaining reporters to write more articles. Reed said the company's downsizing of newsroom staff at papers it acquires is not driven by profit motives. / PBN FILE PHOTO/BRIAN MCDONALD

Hard truth at papers across America: hedge funds are in charge

NEW YORK - A group of journalists protesting outside the offices of a New York City hedge fund recently shined a light on a little-known...
MAJOR PUBLICATIONS have seen an uptick in readership due to their national political coverage, but not all papers are experiencing the "Trump bump." /COURTESY BLOOMBERG

Trump bump for president’s media archenemies eludes local papers

NEW YORK - President Donald Trump loves to hurl his Twitter-ready insult at the New York Times: #failingnytimes. But in the stock market, the New...

Super Bowl advertisers laud diversity in tense political era

At times, it seemed like Super Bowl advertisers were speaking directly to President Donald Trump. Several brands chose messages of inclusion in their commercials during...
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