New Media Investment Group Inc. has completed the acquisition of The Providence Journal and related print and digital assets for $46.0 million in cash from A. H. Belo Corporation.
The Providence Journal is one of the oldest print publications in the United States and was first published in 1829. It has a daily circulation of approximately 72,000 and 96,000 on Sunday.
The purchase price was funded with a combination of cash on the balance sheet and an incremental $25.0 million on the Company’s existing term loan. The Providence Journal is one of the oldest print publications in the United States and has a daily circulation of approximately 72,000 and 96,000 on Sunday.
USA, New York, NY & Providence, RI
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New Media Investment Group acquires The Providence Journal for $46M Posted on July 23, 2014
Fusion Corporate Partners 
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