ProJo parent New Media Investment Group reports $21M loss in 2Q

NEW MEDIA INVESTMENT GROUP INC. reported a $21.7 million loss in the second quarter of 2017. / PBN FILE PHOTO/BRIAN MCDONALD
NEW MEDIA INVESTMENT GROUP INC. reported a $21.7 million loss in the second quarter of 2017. / PBN FILE PHOTO/BRIAN MCDONALD
PROVIDENCE - New Media Investment Group Inc., the parent company of the Providence Journal, reported a $21.7 million loss for the second quarter of 2017, a reversal of its $9.4 million profit a year prior. The net loss per diluted share for the quarter was 41 cents. The company noted that its bottom line was…

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