ProJo parent buys Austin American-Statesman for $47.5M

THE PARENT OF the Providence Journal has purchased the Austin American-Statesman for $47.5 million. / PBN FILE PHOTO/BRIAN MCDONALD
THE PARENT OF the Providence Journal has purchased the Austin American-Statesman for $47.5 million. / PBN FILE PHOTO/BRIAN MCDONALD
PROVIDENCE – New Media Investment Group Inc., the parent company of the Providence Journal and The Newport Daily News, announced Tuesday that it has purchased the Austin American-Statesman and related niche publications and websites for $47.5 million. New Media already operates a centralized copy-editing and page design center for many of its publications in the…

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