Projo parent reports $9.4M quarterly loss, pays $23M in dividends

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THE PARENT COMPANY of The Providence Journal reported a $9.4 million loss in the first quarter. / PBN FILE PHOTO/BRIAN MCDONALD
THE PARENT COMPANY of The Providence Journal reported a $9.4 million loss in the first quarter. / PBN FILE PHOTO/BRIAN MCDONALD
PROVIDENCE – New Media Investment Group Inc. reported Thursday a loss of $9.4 million, or 38 cents per diluted share, in the first quarter of 2019. New Media is the parent organization of Gatehouse Media Inc., which itself is the parent company of The Providence Journal. The company owns and operates several local publications through…

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