PROVIDENCE, R.I. (WPRI) – The Providence Journal’s revenue declined at a faster pace in 2013 as continued growth in its contracts for printing and distribution failed to offset falling circulation and another double-digit drop in advertising sales.
The Journal’s revenue totaled $90.1 million in 2013, a Securities & Exchange Commission filing by its parent company A.H. Belo shows. That was a 4% decrease in revenue compared with 2012, more than the prior year’s 1% drop but less than the declines of the five years from 2007 to 2011.
Total Journal revenue has plummeted 46% since 2005, when the newspaper pulled in $165.6 million. A.H. Belo is now in the process of trying to sell the local daily, a process that Chief Financial Officer Alison Engel recently said could be completed by April or May. It’s unclear who the buyer would be.
The Journal remains profitable, according to Engel. Howard Sutton, The Journal’s longtime publisher, and Karen Bordeleau, the paper’s executive editor, did not respond to a request for comment.