The printed word is what The Providence Journal Company provides. The company publishes The Providence Journal, the largest daily newspaper in the Rhode Island and southeastern Massachusetts market with a daily circulation of about 100,000. Providence Journal Co. also publishes an electronic version of the Journal on its projo.com Web site, as well as Rhode Island Monthly magazine. The Providence Journal got its start as a twice-weekly newspaper in 1820 and became a daily in 1829, making it one of the nation's oldest major general-circulation dailies. The former subsidiary of A. H. Belo was sold in late 2014 to New Media Investment Group.
Providence Journal Co. has been struggling along with the rest of the newspaper industry as advertising revenue and readership continue to decline. Early in 2009 the company cut more than 10% of its workforce in an effort to reduce operating costs. The layoffs were part of a larger cost-cutting move by parent A. H. Belo that eliminated hundreds of jobs across its publishing operation, which includes The Dallas Morning News and The Press-Enterprise (Riverside, California).
Dallas-based Belo Corp. spun off its newspaper publishing businesses as A. H. Belo, a separate, publicly-traded company, in 2008. The move was intended to reduce the drag effect the newspapers were having on Belo's television operations. Belo had originally acquired The Providence Journal Company in 1997.