Record digital revenue powers ProJo parent to $84.8M profit in Q1

GANNETT CO., parent of The Providence Journal and other local papers, posted an $84.8 million profit in the first quarter of 2024, an increase from the $10.3 million profit one year prior, the company reported Thursday. / PBN FILE PHOTO/ARTISTIC IMAGES

PROVIDENCE – Gannett Co., parent of The Providence Journal and other local papers, posted an $84.8 million profit in the first quarter of 2024, up from $10.3 million one year prior, the company reported Thursday.  Company revenue totaled $635.8 million for the quarter, a decline from $668.9 million one year prior.  “Our first quarter results reflect

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