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In a conference call Monday, Michael Reed, the New Media chairman and chief executive who will run the combined company, declined to specify how cost savings would result from the merger, citing efficiencies and cost reallocation. New Media is managed by the New York investment management firm Fortress Investment Group through an affiliate. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Our in-house programmatic platform allows for quick implementation, optimization and reporting. The companies expect that savings from the merger, which is expected to be completed by the end of the year, would total as much as $300 million annually. Home / Fulltext Opinion / Gatehouse Media, LLC v. City of Worcester (Lawyers Weekly No. Business Profile GateHouse Media, Inc Newspaper Contact Information 175 Sully's Trail, 3rd Floor Corporate Crossing Office Park Pittsford, NY 14534. Gannetts publications include the Detroit Free Press, Arizona Republic, Indianapolis Star and Milwaukee Journal Sentinel. The new Gannett, with 260 dailies under its control, will be based in McLean, Va. From critically acclaimed storytelling to powerful photography to engaging videos the Gainesville Sun app delivers the local news that matters most to your community. Farmington Daily Times - Media Bias/Fact Check Kirk Davis, operating company CEO;[2] Additional Details: 1000 Ask . GateHouse parent company New Media Investment Group Inc. recently reached a deal to buy Gannett Co., one of the country's largest newspaper publishers, for about $1.34 billion in cash and stock. months with the intention of creating a sustainable digital subscriptions business model. Bill Church, Senior VP News; Liberty Group Publishing was formed in 1998 when Kenneth L. Serota, a former Hollinger International attorney with backing from Leonard Green & Partners, bought 160 community newspapers from Hollinger. Net incomeincluded$6.5 million of after-tax restructuring, asset impairment charges, and other costs, offset by $32.8 million of gains on property sales. McClatchy, another major chain, said last week that it risked insolvency. Private equity firm Apollo Global Management provided a five-year secured loan worth of $1.792 billion to help finance the deal. Total Settlement Amount: Class Representative Proposed Incentive Fee: $2,000 Our tracking data currently support major global logistic operators creating transparency. After the merger, the companies retained the Gannett name. Area newspapers to keep same owner, but with new name. Gannett has let go dozens of journalists, including prominent sportswriters and a Pulitzer Prize-winning cartoonist. Forgot? You will need to link your app purchase in order to have full access to our app. Subscriptions to newspapers, including computerized on-line ordering services in the field of newspaper subscriptions and Owned by: GATEHOUSE MEDIA MASSACHUSETTS I, INC. The sale includes the central Massachusetts media properties, Worcester Magazine, The Landmark, baystateparent Magazine, Leominster Champion, Millbury-Sutton Chronicle, and the Grafton News. Ut a nunc porta, congue dui sed, eleifend nunc. Copyright 2006 by The Gale Group, Inc", GateHouse Media stock being delisted from NYSE - October 22, 2008, "GateHouse Buying 14 Dailies, Other Pubs, From Morris For $115 Million", "News Corp. sells 33 papers to New York investors", "GateHouse Media Files for Pre-packaged Chapter 11", "GateHouse Media officially done with bankruptcy", "GateHouse Media Files Chapter 11 to Form New Company", "GateHouse Media to Buy Morris Communications", "GateHouse acquires News-Journal, Halifax Media", "Review-Journal, parent Stephens Media to be sold to New Media", "Sheldon Adelson's Purchase of Las Vegas Paper Seen as a Power Play", "GateHouse to acquire Kansas-based Harris newspapers", "Fox Business - GateHouse Media Buys Dix Communications Newspaper Chain", "Business Wire - New Media Announces Agreement to Acquire Calkins Media", "GateHouse acquires Morris Publishing's 11 daily newspapers", "Providence Journal parent buys publisher of Newport Daily News", "The Register-Guard sold to GateHouse Media", "GateHouse Media grows its empire by buying top exec's publishing company", "New Media Investment Group to Acquire The Palm Beach Post and Palm Beach Daily News", "Gatehouse Media purchases Akron Beacon Journal", GateHouse Media Buys Akron Beacon Journal and Ohio.com, "New Media Announces Solid Fourth Quarter & Full Year 2018 Results, Dividend of $0.38 per Common Share", "Herald-Times, Other Local Papers Sold To GateHouse Media", "GateHouse Media to acquire New Jersey Herald", "USA Today owner Gannett merges with GateHouse Media to form massive newspaper company", "New Media Investment Group to Acquire Gannett", https://en.wikipedia.org/w/index.php?title=GateHouse_Media&oldid=1141218731, This page was last edited on 23 February 2023, at 23:45. Its publications reach 22 million people weekly. The company has been in communication with the NYSE regarding its noncompliance with continued listing standards, but was unsuccessful in its efforts to avoid suspension and delisting. The Gainesville Sun - Apps on Google Play As a subscriber, you have 10 gift articles to give each month. The deal to create the largest newspaper company in the nation which became official at 4:10 p.m. on Tuesday came about with remarkable speed for a merger that will reshape the media landscape. Often you have a publisher responsible for five or six newspapers, she said. The project will focus onThe Columbus Dispatch, which boasts the largest digital subscription base among GateHouses sites. GateHouse Media's parent company is publicly traded New Media Investment Group (NEWM) of New York. Mr. Reed grew up in Elmira, N.Y., and was once a delivery boy for The Star-Gazette there the descendant of The Elmira Gazette bought by Frank E. Gannett in 1906. GateHouse Media LLC - Company Profile and News Privacy Policy. Gannett reported that its revenue fell 9.6%, Your California Privacy Rights/Privacy Policy. We are integrally involved in all parts of planning and execution and take a big picture approach to our clients' needs. From Over the Top Television (OTT) to display, to streaming audio, we have access to the same data as 3rd party providers making us a more efficient alternative for digital placement. Gate House Mr. Reed said the bulk of the savings is not going to come from editorial, meaning newsrooms would be largely spared. The stock price of GateHouse's parent, New Media Investment Group US:NEWM , has also fallen 40% since it announced the Gannett GCI, +7.76% acquisition, shaving about $265 million from its market . GateHouse Media Pittsford, NY. Media Type: Newspaper We are committed to delivering significant synergies in a thoughtful manner., Gannett, the Owner of USA Today, Is About to Get a Whole Lot Bigger, https://www.nytimes.com/2019/08/05/business/media/gannett-acquired-gatehouse-media.html. In recent years, GateHouse Media has shrunk newsrooms while pursuing shareholder value, in part by consolidating operations in regional hubs and merging newspapers. GateHouse Media | It's Good to Live in a Two-Daily Town $1.4 billion Gannett-GateHouse merger to reshape Florida's newspaper [34] That same year, it acquired the New Jersey Herald in Newton, New Jersey, from Quincy Media.[35]. The job puts him in charge of more than 260 dailies from small papers like The Tuscaloosa News in Alabama to big ones like The Detroit Free Press. Review-Journal owner GateHouse Media taps new publisher Thats the engine that has gotten us to the place we are today, and thats the engine thats going to carry us forward.. Box 779Worthington, OH 43085614-406-5651info@gatehousemediapartners.com. GateHouse Media to Buy The Boston Herald for $4.5 Million in Cash Gannett Co., Inc. 2020. They are great partners to work with., -Sara Oliphant, Marketing Director, Atlas Butler, P.O. The Effects of HR on GateHouse Media. The Gannett Board unanimously determined that this combination with New Media is in the best interests of Gannett shareholders, customers, audiences, and employees, providing significant and immediate value, as well as the ability to benefit from the upside potential of the combined company, said J. Jeffry Louis, chairman of Gannett, in a statement. 175 Sully's Trail, 3rd Floor From a media economics perspective, more competition is always better, Ms. Chyi said. The union intends to hold managers of the new Gannett to the promises they have made, the News Guild president, Bernie Lunzer, said in a statement. National and international news comes from other Gannett publications and the Associated Press. will be applied to GateHouses portfolio of hundreds of websites. Gatehouse Media Partners is a well respected & result-oriented boutique agency providing full-service options at a good value. GateHouse Media - Wikipedia Ad-Free Sign up Readers can enjoy all the stories, photos and ads exactly as presented in print. Gatehouse Media Ltd - Publishers Association New Media Investment Groupsaid Monday that it reached a deal to acquire Gannett, which owns USA TODAY and more than 100 other daily publications and digital marketing services such as ReachLocal. GateHouse Media, Inc. Apps on the App Store GateHouse Media owner and Detroit Free Press owner Gannett have agreed to merge in a deal aimed at cutting costs and enabling digital growth. Massachusetts Gatehouse Media Class Action Lawsuit - Hustler Money Blog Worcester Living Magazine on the App Store Fosters Daily Democrat eEdition:Amazon.com:Appstore for Android The companies estimated they can save $275 million to $300 million in annual costs within 24 months. GateHouse Media Nashville, TN Apply JOB DETAILS LOCATION Nashville, TN POSTED 1 day ago Gannett Co., Inc. (NYSE: GCI) is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. company to advance our expertise in applying data, content, technology, and marketing strategies to optimize our digital subscription path., Dais continued: Developing a POSTED. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. It serves more than 10 million readers every week in over 20 states through several . The Guild would fight me on that, and say, We should do business like its 1950, Mr. Reed said, adding, I frankly think the Guilds a big problem, and until we can get them to sit at a table and have a real discussion about where the world is today, theres going to be inefficiencies., Douglas Arthur, an analyst at Huber Research Partners, questioned Gannetts approach, noting that New Media Investment Group and Gannett had missed revenue projections in the most recent quarter. So its not an overwhelming number very achievable, Mr. Reed said. In review, The Farmington Daily Times covers news, sports, lifestyle, and entertainment for the greater Farmington, New Mexico area. The Progress-Index eEdition. As the new CEO in charge of the combined Gannett-GateHouse entity, Bascobert is drawing upon. With an unmatched reach at the national and local level, Gannett touches the lives of . GateHouse Media Inc. - Crunchbase Company Profile & Funding What Eugene, OR And Columbia, MO Have In Common: GateHouse Media - KLCC GateHouse Media GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. GateHouse Media Lays Off Journalists Across US After Poor Earnings Gatehouse As of early 2022, Gannett was seeking an early buyout of Fortress's outside management role. GateHouse Media Human Resources | Comparably In Florida, the combined company will own 20 daily. In August, Gannett, the parent company of USA Today and more than 100 other dailies, and New Media Investment Group, the owner of the newspaper chain GateHouse Media, announced their intention to join forces. Further, Gatehouse will. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Gannetts headquarters in Tysons Corner, Va. Marie, MI", "Hillsdale.net - Hillsdale, MI: Local & World News, Sports & Entertainment in Hillsdale, MI", "Holland Sentinel: Local & World News, Sports & Entertainment in Holland, MI", "Ionia Sentinel - Standard-Ionia, MI: Local & World News, Sports & Entertainment in Ionia, MI", "Sturgis Journal - Sturgis, MI: Local & World News, Sports & Entertainment in Sturgis, MI", "Crookston Times - Crookston, MN: Local & World News, Sports & Entertainment in Crookston, MN", "Boonville Daily News - Boonville, MO: Local & World News, Sports & Entertainment in Boonville, MO", "Chillicothe News - Chillicothe, MO: Local & World News, Sports & Entertainment in Chillicothe, MO", "Hannibal Courier - Post - Hannibal, MO: Local & World News, Sports & Entertainment in Hannibal, MO", "Kirksville Daily Express - Kirksville, MO: Local & World News, Sports & Entertainment in Kirksville, MO", "The Mexico Ledger - Mexico, MO: Local & World News, Sports & Entertainment in Mexico, MO", "Moberly Monitor-Index - Moberly, MO: Local & World News, Sports & Entertainment in Moberly, MO", "Columbia Daily Tribune: Local & World News, Sports & Entertainment in Columbia, MO", "The Daily Guide - Waynesville, MO: Local & World News, Sports & Entertainment in St. Robert, MO", "The Lake News Online: Local & World News, Sports & Entertainment in Camdenton, MO", "The Rolla Daily News - Rolla, MO: Local & World News, Sports & Entertainment in Rolla, MO", "The Carthage Press: Local & World News, Sports & Entertainment in Carthage, MO", "Morning Sun: Local & World News, Sports & Entertainment in Pittsburg, KS", "The Evening Tribune: Local & World News, Sports & Entertainment in Hornell, NY", "The Leader: Local & World News, Sports & Entertainment in Corning, NY", "The Wellsville Daily Reporter: Local & World News, Sports & Entertainment in Wellsville, NY", "Uticaod: Local & World News, Sports & Entertainment in Utica, NY", "The Times Telegram: Local News, Politics & Sports in Utica, NY", "MPNnow: Local & World News, Sports & Entertainment in Canandaigua, NY", "Devils Lake Journal - Devils Lake, ND: Local & World News, Sports & Entertainment in Devils Lake, ND", "The Columbus Dispatch: Local & World News, Sports & Entertainment in Columbus, OH", "ThisWeek Community News: Local & World News, Sports & Entertainment in Lewis Center, OH", "Columbus Monthly - Arts, culture, style, dining, news and in-depth features", "The Independent: Local & World News, Sports & Entertainment in Massillon, OH", "The Repository: Local & World News, Sports & Entertainment in Canton, OH", "Times Reporter: Local & World News, Sports & Entertainment in New Philadelphia, OH", "The Daily Ardmoreite: Local & World News, Sports & Entertainment in Ardmore, OK", "The Shawnee News-Star: Local & World News, Sports & Entertainment in Shawnee, OK", "Wayne Independent - Honesdale, PA: Local & World News, Sports & Entertainment in Honesdale, PA", "Mineral Daily News-Tribune - Keyser, WV: Local & World News, Sports & Entertainment in Keyser, WV", "Waynesboro Record Herald - Waynesboro, PA: Local & World News, Sports & Entertainment in Waynesboro, PA", "Letter from the Editor: About our new look", "Somerset newspaper to be sold to GateHouse Media", "Providence Journal parent buys publisher of Newport Daily News", "Schurz Communications selling newspapers to GateHouse Media", "GateHouse buys Schurz publishing division, including Public Opinion", "Oakridger - Oak Ridge, TN: Local & World News, Sports & Entertainment in Oak Ridge, TN", Official GateHouse Media website list of newspapers, https://en.wikipedia.org/w/index.php?title=List_of_newspapers_owned_by_GateHouse_Media&oldid=1127546282. Having a magazine that highlights the treasures in the Worcester area is a joy. Factual Reporting: HIGH Under that brand, the company has won several Pulitzer Prizes, expanded its investigative reporting and shared journalism resources. GateHouse Media is the largest publisher of locally-based print and online media in the United States. GateHouses acquisition of Gannett, a cash-and-stock transaction valued at roughly $1.2 billion, was intended to give the combined companies an annual savings of some $300 million. The strategies and lessons learned during development Pittsford, NY 14534, http://www.gatehousemedia.com/privacy-policy/. GateHouse Media, headquartered in Fairport, N.Y., is a publisher of locally based print and online media. Finally, the news is generally reported factually and with a slight right-leaning editorial bias. GateHouse and Gannett have both cut newsroom employees in recent years. Their mission is to make learning to read accessible, enjoyable and, above all, age-appropriate. Gannett resisted MediaNews Groups bid to buy it earlier this year. Etiam ultrices scelerisque enim, id interdum leo mollis sit amet. owns 145 daily news outlets and operates in 580 local markets across 37 states. Gannett, Now Largest U.S. Newspaper Chain, Targets 'Inefficiencies' In recent years, Gannett has pursued a unified journalism and business strategy through the promotion of the USA TODAY Network, which includes all of its U.S. publications. Gannett owns The Detroit Free Press, The Arizona Republic, The Milwaukee Journal Sentinel and other prominent newspapers in small, midsize and large cities. Stand up to Viking tyranny with today's Groupon: for $75, you get a one-year subscription to any of Gatehouse Media 's newspapers. [19] As of April 2018, GateHouse Media was publishing 144 daily newspapers, 684 community publications, and over 569 local market websites in 38 states. In 2018, the print business still brought in $25 billion, according to a study by the University of North Carolina. The acquisition comes about four years after Gannett split from the broadcasting arm of its former parent company, now known as Tegna. Although print newspapers are in steep decline, Wall Street-backed companies like GateHouse Media and MediaNews Group, see them as still valuable, if distressed, assets. Filtered Search, Enter your email address to subscribe to MBFC and receive notifications of new posts by email. GateHouse Media, Inc. provides publications services. A complete list of home-delivery service areas is available here. Safety starts with understanding how developers collect and share your data. To inquire about group subscriptions or an enterprise site license for your firm, contact Customer Service. Several of these newspapers cover more than one town, and WickedLocal maintains separate websites for each town. The News Guild, which represents journalists at many of the companys newspapers, has been critical of the merger. They are good people who do great things for their clients., -Melissa Ferguson, Director of Marketing & Communications, Columbus Museum of Art, Gatehouse will research suggestions and give feedback and the best plan of action. See all Right-Center sources. Gatehouse Media: Latest News, Top Stories & Analysis- POLITICO Media Gatehouse, now called Gannett, has been operated by Fortress Investments, a New York private equity firm, in turn owned by Softbank, the diversified Japanese tech firm. They are looking out for our best interest. billing (and, if applicable, discontinue receiving a paper bill) for this GateHouse Media subscription or account, including the authority to agree to the Electronic Billing Terms and conditions .
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