RHODE Island Monthly Gets New Owner

Rhode Island Monthly magazineRHODE ISLAND MONTHLY has been sold by The Providence Journal newspaper and its parent company, A H Belo Corporation, to its longtime president and publisher, John J Palumbo, the newspaper said yesterday.  Financial terms were not disclosed.

Clearly, the move is popular with the staff.  Associate Editor Pippa Jack wrote on the magazine’s blog: “It’s fair to say that staff here [is] pretty pumped.  We’ve long been the odd man out in the Belo empire, the lone magazine, forced to follow all sorts of corporate strictures that don’t make sense for a small and would-be flexible outfit like us.”

Palumbo said he plans to move the company and its 25 employees to new offices at 717 Allens Avenue.  Circulation is 44,000 copies and 91% are sold through subscriptions.

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