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New Media Investment Group Inc announces acquisition of The Providence Journal

Tuesday, 22 Jul 2014 05:43pm EDT 

New Media Investment Group Inc:Reaches agreement to purchase The Providence Journal and related print and digital assets for $46.0 mln in cash from A. H. Belo Corporation.Anticipates the deal will close in third quarter of 2014 subject to customary closing conditions.However, there can be no assurance as to timing or occurrence of the closing.Stephens Inc. served as exclusive financial advisor to A. H. Belo on the transaction. 

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