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THE 158,400-SQUARE-FOOT PRINTING PLANT used by the Providence Journal was put up for sale by parent company Gannett Co., in a leaseback package with an asking price of $8 million. / COURTESY BELLCORNERSTONE

Providence Journal printing facility listed for $8M

PROVIDENCE – The 158,400-square-foot printing plant used by The Providence Journal was put up for sale by parent company Gannett Co., as part of...

Projo parent posts $31.3M loss in Q3

PROVIDENCE – Gannett Co., parent company of The Providence Journal and several other local papers, reported a loss of $31.3 million in the third...

K.O. Steel Construction Inc.

THE STORY: Kent Ormondroyd’s motto has always been: “The road to success is always under construction.” He has lived that mantra for the last...

PBN takes 8 awards in R.I. Press Association annual contest for...

PROVIDENCE – Providence Business News on Friday earned eight awards, including two first-place prizes, during the 2020 Rhode Island Press Association Editorial Awards Ceremony. RIPA’s...
GANNETT CO., the parent company of The Providence Journal, reported a $121.2 million loss for 2019. / PBN FILE PHOTO/ARTISTIC IMAGES

Providence Journal parent posts $121M loss in 2019

PROVIDENCE – Gannett Co., parent company of The Providence Journal and several other local publications, lost $121.2 million for 2019, according to the company...

A nation faces a crossroads as capital structure influences public discourse

With New Media Investment Group Inc.’s proposed takeover of Gannett Co., it may be time to take stock at just how such news organization...
SHELL GAME: Bill Ostendorf, left, Creative Circle Media Solutions president and founder, with programmer Tim Benson. A former editor at The Providence Journal, Ostendorf says recurring layoffs have left the paper “a shell of what it used to be.”
 / PBN PHOTO/MICHAEL SALERNO

No way out for newspapers

The sprawling four-floor, brick building with arched windows at 75 Fountain St. in downtown Providence still appears to be the quintessential American metropolitan daily...

Can Providence be a two-paper town?

The Boston Globe is not messing around. It has launched the backbone of a Rhode Island newsroom and created a buzz among business and...
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...

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