Providence Journal - Page 5 of 6 - Providence Business News

Can Providence be a two-paper town?

Editorial and Op-Ed 04/19/2019

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

Economic Activity 04/12/2019

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

Economic Activity 02/27/2019

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

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

Economic Activity 11/16/2018

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

Economic Activity 11/12/2018

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

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

Economic Activity 10/31/2018

PROVIDENCE – New Media Investment Group Inc. experienced a net loss of $6.1 million in the third quarter, or 10 cents per diluted share....

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

Economic Activity 05/22/2018

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...

NEW MEDIA INVESTMENT GROUP, parent company of the Providence Journal, among other local publications, reported a 2018 first-quarter net loss of $655,000. / PBN FILE PHOTO/BRIAN MCDONALD

ProJo parent company reports $655K loss for Q1

Economic Activity 05/03/2018

PROVIDENCE – New Media Investment Group Inc., parent company of the Providence Journal, The Newport Daily News, The Standard-Times, The Herald News, The Independent...

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

Economic Activity 03/06/2018

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