Providence Journal Sold For $46 Million To NY Based Company

Associate Professor of Journalism Dan Kennedy weighs in on the recent sale of The Providence Journal and what it will mean for the future of physical printing for the paper.

Rhode Island’s largest newspaper, The Providence Journal, has been sold.  The daily paper will soon be owned by the parent company of GateHouse Media.

New Media Investment Group agreed to buy The Providence Journal for $46 million in a deal expected to close later this year. The company already owns dozens of newspapers, including TheCape Cod Times, and The Taunton Gazette. The sale does not include the newspaper’s downtown Providence headquarters.

President of the Rhode Island Press Association, Paul Spetrini, said GateHouse is known for an earlier bankruptcy and newsroom layoffs that came with previous sales.

Read the full article at Rhode Island Public Radio →