Projo parent reports $18.5M loss in Q3 largely on acquisition costs

THE PARENT COMPANY of the Providence Journal reported a loss of $18.5 million in the third quarter. / PBN FILE PHOTO/ARTISTIC IMAGES
THE PARENT COMPANY of the Providence Journal reported a loss of $18.5 million in the third quarter. / PBN FILE PHOTO/ARTISTIC IMAGES
PROVIDENCE – New Media Investment Group Inc. parent company of The Providence Journal, among many other local publications, reported a $18.5 million loss in the third quarter of 2019, largely due to $12.2 million in acquisition costs. Loss per diluted share for the quarter was 31 cents, compared with 10 cents one year prior. Company…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display