As employees came in and out of the Providence Journal headquarters on Fountain Street, there was a nervous optimism. After another recent round of layoffs, some hope a new owner is the answer.
"Absolutely, I mean there is uncertainty all the time, and this sort of adds another layer of uncertainty. But at the same time, you know we're just hoping it will go to someone who wants to invest in the paper, you know, and make it better," said long time Providence Journal Columnist Bob Kerr.
The newspaper has seen its circulation and income plummet in the past decade.
ABC6 Chief Political Reporter Mark Curtis said, "What's happened to the Providence Journal has also happened to many American newspapers - less content; with fewer reporters; and, ultimately fewer advertising dollars."
Unless a new owner can make it more profitable the newspaper could eventually vanish. While many people turn to more internet news, experts say some of that content is legitimate journalism, while a lot of it is simply biased opinionated blogging.
"It's selective information. And the filter is the person at the computer, on the I–Phone, whatever, deciding what information you get, and it means a less informed population," said Rhode Island College Communication Professor Kay Israel.
Even as newspapers decline there are other news outlets. Still, newspapers are traditionally thought of as the main government watchdogs in places such as City Hall.
"I think if you want to be a well informed citizen, you have to read the local paper," said Bob Kerr of the Providence Journal.
The "Projo's" owner says its goal is to find a buyer, committed to keeping the newspaper alive.