ProJo parent reports $11.7M profit in Q2

NEW MEDIA INVESTMENT GROUP, the parent organization of The Providence Journal and other local publications, reported a profit of 11.7 million in the second quarter of 2018. / PBN FILE PHOTO/BRIAN MCDONALD
PROVIDENCE – New Media Investment Group Inc. reported an $11.7 million profit in the second quarter of 2018 Thursday, following a $21.7 million loss the year prior. Income per diluted share for the quarter was 20 cents, compared with a 41 cent loss in the second quarter 2017. The parent company of The Providence Journal,…

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