Sunday, November 28, 2021

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THE PARENT COMPANY of The Providence Journal paid its chief operating officer $1.7 million in 2018, paid more than $90 million in dividends and paid its management company $24.5 million for the year, amid widespread layoffs at its newspapers around the country. / PBN FILE PHOTO/BRIAN MCDONALD

ProJo parent pays COO $1.7M and $90M in dividends amid layoffs

PROVIDENCE – New Media Investment Group Inc. paid Kirk Davis, its chief operating officer, $1.7 million in 2018, slightly less than what Davis earned...

ProJo, other GateHouse pubs, shortening subscriptions by charging for inserts

PROVIDENCE – Special supplements included in a subscription to the print edition of the Providence Journal can shorten the term of a customer’s subscription. The...
THE PROVIDENCE JOURNAL, among other GateHouse Media properties, are shortening print subscriber's subscription length by charging them for supplemental inserts. The Journal reserves the right to charge customers up to $132 per year with the practice, significantly shortening the term of a subscription. / PBN FILE PHOTO/BRIAN MCDONALD

ProJo, other GateHouse pubs, shortening subscriptions by charging for inserts

PROVIDENCE – Special supplements included in a subscription to the print edition of the Providence Journal, and delivered whether requested or not, can shorten...

ProJo parent reports $11.7M profit in Q2

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...
MICHAEL REED, CEO of New Media, owner of the Providence Journal, said he company has cut highly paid but unproductive reporters while asking the remaining reporters to write more articles. Reed said the company's downsizing of newsroom staff at papers it acquires is not driven by profit motives. / PBN FILE PHOTO/BRIAN MCDONALD

Hard truth at papers across America: hedge funds are in charge

NEW YORK - A group of journalists protesting outside the offices of a New York City hedge fund recently shined a light on a little-known...
THE BOSTON HERALD has entered into a sale agreement with Gatehouse Media.

Gatehouse enters into agreement to buy the Boston Herald

BOSTON – The Boston Herald was acquired by Gatehouse Media LLC, the owner of the Providence Journal, the Boston Herald reported Friday afternoon. The purchase...
GATEHOUSE MEDIA has purchased Edward A. Sherman Publishing Co., the publisher of the Newport Daily News.

ProJo parent Gatehouse Media buys Newport Daily News’ publishing company

NEWPORT –  The Edward A. Sherman Publishing Co. has been purchased by Gatehouse Media Inc., the Newport Daily News reported Thursday. The sale includes The...
THE PARENT OF the Providence Journal has purchased the Austin American-Statesman for $47.5 million. / PBN FILE PHOTO/BRIAN MCDONALD

Seven ProJo employees taking buyout, parent company New Media reports 1Q...

PROVIDENCE – At least seven Providence Journal employees have signed up to take the latest buyout offer, Providence Newspaper Guild President John Hill said...

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