Projo parent company loses $2M in Q3

NEW MEDIA INVESTMENT GROUP, owner of the Providence Journal, posted a third-quarter loss of $2 million. / PBN FILE PHOTO/BRIAN MCDONALD
NEW MEDIA INVESTMENT GROUP, owner of the Providence Journal, posted a third-quarter loss of $2 million. / PBN FILE PHOTO/BRIAN MCDONALD
PROVIDENCE – New Media Investment Group Inc., the parent company of the Providence Journal, reported a $2 million loss for the 2017 third quarter, a reversal of its $2.8 million profit a year earlier. Losses per diluted share were 4 cents for the quarter, in contrast to earnings per diluted share of 6 cents in the…

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