Media
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(Updated, 9:45 p.m.) The Providence Journal has begun laying off employees in advance of its acquisition by the parent of Gatehouse Media Inc., according to comments from newsroom staff on social media. Rhode Island Public Radio reports that 22 editorial union personnel were losing their jobs. more
The TV landscape in Rhode Island is going to change as result of the proposed merger of Media General, owner of WJAR-TV NBC 10, and Providence-based LIN Media LLC, owner of WPRI-TV CBS 12 and operator of WNAC-TV Fox 64. One of the stations is expected to get a new owner due to federal regulations that in most cases prevent ownership of more than one station in the same market. more
Media General announced Wednesday that it has entered into definitive agreements to sell several of its assets – including WJAR-TV NBC 10 – to meet the regulatory requirements of its merger with Providence-based LIN Media, the parent of WPRI-TV 12. more
The Providence Journal posted a 2.7 percent gain in first-quarter revenue to $21.2 million, according to a U.S. Securities and Exchange Commission filing made public Wednesday. more
The Providence Journal’s second-quarter profit more than doubled to $2.1 million, as revenue grew 1.1 percent to $22.3 million compared with the same period last year, according to an A.H. Belo Corp. filing with the U.S. Securities and Exchange Commission made public Wednesday. more
Alex and Ani LLC is being sued over the aborted sale of its since dissolved Seven Swords Media subsidiary. more
Media general Inc. will sell a group of television stations to settle U.S. claims that its $1.5 billion purchase of LIN Media LLC is anticompetitive, the government said. more
One week after announcing an agreement to sell the Providence Journal to New Media Investment Group Inc., A.H. Belo Corp. reported second-quarter net income of $22 million, more than 18 times the profit of the same year-earlier period, thanks in large part to an $18.5 million investment gain. more
The pending sale of The Providence Journal to a sprawling national newspaper chain whose past acquisition frenzy drove it into bankruptcy caused many local observers to scratch their heads. more
A.H. Belo Corp. has completed the $46 million sale of The Providence Journal to Gatehouse Media, a subsidiary of New York-based New Media Investment Group Inc. more
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