The Providence Journal sells for $46 million
By News Staff
The Providence Journal has been sold for $46 million in cash to a company out of
New Media Investment Group and the Journal’s parent company, A.H. Belo Corporation made the announcement Tuesday afternoon in separate press releases.
The sale includes all of the print and digital elements of the paper.
The Journal went up for sale last December. A.H. Belo blamed sharply declining readership and ad revenue mainly because of internet competition.
The newspaper is one of the oldest publications in the country. It was first published in 1829.
