ProJo parent posts $436.9M loss in Q2, as COVID-19 takes toll on papers

GANNETT CO., owner of The Providence Journal, reported a loss of $436.9 million in the second quarter of 2020. / PBN FILE PHOTO/ARTISTIC IMAGES
PROVIDENCE – Gannett Co. lost $436.9 million in the second quarter of 2020, or $3.32 per diluted share, as it was heavily impacted by the COVID-19 pandemic, the company reported on Thursday. Gannett earned $2.8 million one year prior, or 5 cents per diluted share and an $80.2 million loss in the first quarter of…

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