Hard on the heels of the news of that the Providence Journal was withdrawing as the lead sponsor of the annual Rhode Island Statewide Spelling Bee, the ProJo is pinching more pennies. While the newspaper industry remains in a collective state of anxiety, because of the movement of readers and advertisers to the Internet, these cuts seem small-minded and short-sighted, not to mention harmful to newsroom morale. Btw, as has been reported elsewhere, the Valley Breeze, a free weekly in northern RI, has saved the bee by stepping in as its main sponsor.