Twenty-two members of the Providence Newspaper Guild were laid off Tuesday, as part of New Media Investment Group's acquisition of Rhode Island's statewide newspaper, including the Providence Journal's well-respected longtime metro columnist, Bob Kerr.
The cuts, which also include some separate non-Guild positions, were implemented by the ProJo ahead of the closing of New Media's purchase of the Journal. New Media Investment Group is the corporate parent of GateHouse Media.
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.
The Gannett Company is buying the Belo Corporation, the Dallas-based entity that owns 20 television stations, for $1.5 billion. Belo Corporation became a separate company in 2008 from A.H. Belo, the owner of the Providence Journal.