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NEW MEDIA, owner of the Providence Journal, announced that investors of its company and Gannett Co. have both approved a merger deal in which New Media acquires Gannett. PBN PHOTO/ARTISTIC IMAGES

New Media and Gannett expect to close acquisition deal next week

PROVIDENCE – New Media Investment Group Inc. and Gannett Co. shareholders have both approved New Media’s more than $1 billion acquisition of Gannett, the...
THE PARENT COMPANY of the Providence Journal reported a loss of $18.5 million in the third quarter. / PBN FILE PHOTO/ARTISTIC IMAGES

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

PROVIDENCE – New Media Investment Group Inc. parent company of The Providence Journal, among many other local publications, reported a $18.5 million loss in...
NEW MEDIA INVESTMENT GROUP, owner of The Providence Journal, among other local papers, reported a profit of $2.6 million in the second quarter of 2019. / PBN FILE PHOTO/PAM BHATIA

New Media posts $2.6M profit in Q2, 78% drop over the...

PROVIDENCE – The same day that it announced its purchase of Gannett Co., New Media Investment Group Inc. reported a second-quarter profit of $2.6...
LAYOFFS AT GateHouse Media properties, the parent company of the Providence Journal, hit several local publications Thursday. / PBN FILE PHOTO/BRIAN MCDONALD

Another round of GateHouse layoffs hit local papers

PROVIDENCE – The round of layoffs Thursday from GateHouse Media, the publishing arm of New Media Group Inc., included six Providence Journal editorial staff,...
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...
NEW MEDIA INVESTMENT GROUP, owner of the Providence Journal, among several other local publications, announced a $6.1 million loss for the third quarter. / PBN FILE PHOTO/BRIAN MCDONALD

ProJo parent company reports $6.1M loss in Q3

PROVIDENCE – New Media Investment Group Inc. experienced a net loss of $6.1 million in the third quarter, or 10 cents per diluted share....
NEW MEDIA INVESTMENT GROUP INC. reported a $21.7 million loss in the second quarter of 2017. / PBN FILE PHOTO/BRIAN MCDONALD

ProJo parent New Media Investment Group reports $21M loss in 2Q

PROVIDENCE - New Media Investment Group Inc., the parent company of the Providence Journal, reported a $21.7 million loss for the second quarter of...

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