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PRINT MERGERS: Gannet has reportedly been in merger talks with GateHouse Media. / PBN FILE PHOTO/BRIAN MCDONALD

Gannett climbs on report of merger talks with Gatehouse Media

NEW YORK – Gannett Co., the publisher that owns USA Today, climbed as much as 9.3% on a report that it held merger talks with...
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 reported a $9.4 million loss in the first quarter. / PBN FILE PHOTO/BRIAN MCDONALD

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

PROVIDENCE – New Media Investment Group Inc. reported Thursday a loss of $9.4 million, or 38 cents per diluted share, in the first quarter...
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 reported a profit of $18.2 million in 2018, amidst reports of widespread layoffs around its many publications. / PBN FILE PHOTO/BRIAN MCDONALD

ProJo parent posts $18M profit amid widespread layoffs

PROVIDENCE – New Media Investment Group reported net income of $18.2 million, or 31 cents per diluted share in 2018, a turnaround from a...
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....

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 PARENT OF the Providence Journal has purchased the Austin American-Statesman for $47.5 million. / PBN FILE PHOTO/BRIAN MCDONALD

ProJo parent buys Austin American-Statesman for $47.5M

PROVIDENCE – New Media Investment Group Inc., the parent company of the Providence Journal and The Newport Daily News, announced Tuesday that it has...
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...

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