Providence Journal parent company posts $672M loss in 2020

GANNETT CO., owner of The Providence Journal, says it has made
GANNETT CO., owner of The Providence Journal, says it has made "significant progress" in transitioning from a traditional media business to a "digitally focused content platform," despite reporting a $672.4 million loss in 2020. / PBN FILE PHOTO/ARTISTIC IMAGES
PROVIDENCE – Gannett Co., parent company of The Providence Journal, among other local papers, lost $672.4 million in 2020, or $5.09 per diluted share, compared with a loss of $121.2 million one year prior, or $1.77 per diluted share, the company reported Thursday. Company revenue totaled $3.4 billion, a rise from $1.9 billion one year…

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