Projo parent company reports $915K loss for 2017

NEW MEDIA INVESTMENT GROUP INC., owner of the Providence Journal and The Newport Daily News, among other local publications, reported a net loss of $915,000 in 2017. / PBN FILE PHOTO/BRIAN MCDONALD
NEW MEDIA INVESTMENT GROUP, owner of the Providence Journal and The Newport Daily News among other local publications, reported a net loss of $915,000 in 2017. / PBN FILE PHOTO/BRIAN MCDONALD
PROVIDENCE – New Media Investment Group Inc., the parent company of the Providence Journal and The Newport Daily News, reported a net loss of $915,000 in 2017, compared with a $31.6 million profit in 2016. Revenue for the year increased to $1.34 billion from $1.26 billion. Net loss per diluted share was 2 cents for…
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