Gatehouse media layoffs. 4 billion, promising to speed up a .
Gatehouse media layoffs. Terms have not been disclosed.
Gatehouse media layoffs Albrecht wrote that the layoffs were the result of financial pressures on the newspaper industry. The Register-Guard has undergone numerous changes since the founding Baker family sold the paper to Gatehouse Media in 2018 and was then reappropriated after a merger with Gannett Publishing in 2019. , a $1. its editorial staff of the Denver Post and described Alden Global Capital as "vulture capitalists" after multiple staff layoffs GateHouse's owner, New Media, is taking on new debt to get the deal done — a $1. 1 billion takeover of Gannett, promising a $300 million cut in annual costs as it becomes the country’s largest newspaper company by far at a time when print The megamerger is really happening. GateHouse Media, one of the largest publishers in the United States with 156 daily newspapers and 328 weeklies, slashed jobs Just a week after announcing its $1. Local newspaper giant GateHouse Media is laying off hundreds Gatehouse Media Lays Off 24+ Newsroom Staffers - 08/30/2019 Following the news that it planned to merge with fellow newspaper conglomerate Gannett, Gatehouse media began a series of layoffs across The Valley Breeze, one of the last locally owned media companies in Rhode Island, has been sold to a Virginia-based newspaper company run by a former top executive with GateHouse Media. It’s the latest media deal driven by the industry's struggles with a decline of printed editions. , will create a conglomerate that will own more than 250 daily newspapers and hundreds of weekly and Kirk Davis, the former No. Of those 200 or so employees, a large majority of non And that likely means more layoffs for an industry that’s struggled to find a viable digital business model. newspaper companies have agreed to combine for roughly $1. Both GateHouse and Gannett are known as buyers of other papers. up for sale, according to a Feb. Editors and columnists now furloughed had their salaries cut by about 25%. Both companies, the country’s No. Products. According to social media posts and sources close to GateHouse Media laid off dozens of employees at the 17 Halifax Media newspapers in Florida, South Carolina and elsewhere it acquired for $280 million in November, including many newsroom Another major blow for newspapers. One of them was James Craven, an award-winning journalist with a pretty impressive talent of firing up righteous On Dec. More newspaper sales could be on the way for Gannett, which has lost roughly half of its workforce since merging with GateHouse in 2019, Axios reported. As a result of the acquisition 37 employees are being laid off. Gannett’s last big U. 4 billion, promising to speed up a Projo and Newport Daily News Hit With More Cuts - Latest GateHouse Layoffs Total 60+ in U. 5%, the press release announcing the merger said. The cuts include significant names across all levels of the company as it begins to Gannett, which operates seven daily newspapers in New Jersey, has been sold to the New Media Investment Group/GateHouse Media, the owner of the Burlington County Times and NJBiz. As part of the agreement, New Media will The story, published Friday, May 24, carried the byline of Bill Albrecht, group publisher for GateHouse Media Ohio. Previously covered the towns of Randolph, Stoughton and Canton. [30] On February 5, 2020, Digital First Media purchased the assets of Minnesota-based Red Wing Publishing/Big Fish Works. On Thursday, the deal was approved in a shareholder vote at Gannett’s Virginia New Media Investment Group, the parent company of GateHouse Media, in 2018 purchased Holden Landmark Corporation, which owns the Holden Landmark, Worcester Magazine and several other weeklies in GateHouse Media has laid off seven people in the newsroom of the Norwich Bulletin. Real estate sales have been a key part of its debt repayment strategy OKLAHOMA CITY (AP) — The Oklahoman is being sold to GateHouse Media. Newsroom employment fell by a quarter GateHouse Media New England, Staff Reporter. About 1 in 10 newspapers tracked by Pew had layoffs in 2017 and Gatehouse Media has laid off at least 60 journalists across the country after a $30 million acquisition Business Insider / Benjamin Goggin / Feb 11 “The total number of jobs lost is hard to determine due to non-disclosure agreements required as part of severance agreements, according to at least three sources who were affected by the layoffs. After a $1. GateHouse Media aims for ‘a turnaround just as impressive as Apple’s’ Illinois Times GateHouse CEO Michael Reed recently unveiled Project Apple in a memo to employees, September 29, 2011 GateHouse Media's $1. 4 billion acquisition of Gannett , GateHouse Media was again laying off journalists and other workers at its CEO of local newspaper giant GateHouse Media acknowledge "sizable reductions" of staff a day after the company conducted mass layoffs in newsrooms across the The combination of GateHouse Media and Gannett — already the two largest newspaper owners in the country, by both number of papers and print circulation, according to researchers at the Gannett, which publishes USA Today, owns just over 100 newspapers while New Media Enterprises, GateHouse Media’s parent company, owns nearly 400 American newspapers across 39 states. Layoffs began almost immediately and the newspaper had only 12 employees in January 2021 when Gannett (by now the newspaper's owner) put its building at 800 South Main Street. Menu. New Media Investment Group, parent company of GateHouse Media, announced its plan to acquire Gannett in August. Gannett repaid more than $140 million of debt in 2023 and now owes roughly $1. New Media/GateHouse - News Deserts | Penelope Muse Abernathy, Knight Chair in Journalism and Digital Media Economics Multiple rounds of layoffs have wiped out more than half the newsroom staff of 20, leaving only one full-time state and politics reporter as of February 2018, responsible for covering a community of 120,000 residents. Productivity Services. 2 executive at GateHouse Media, has been named the president and chief executive officer of Boston and Philadelphia magazines. Overview; Org Chart Click to see if The Oklahoman had a recent Job posting/layoffs. General assignment staff reporter who covered South Shore towns, mainly Marshfield for the Marshfield Mariner, where I reported on government, schools, community news, breaking news, environmental issues and business. No financial terms have been disclosed. ; According to social media posts and sources close to the layoffs Tag: GateHouse Page 1 of 17. Last summer, GateHouse Media acquired Gannett for $12. GateHouse Media, a chain backed by an investment firm, is buying the owner of USA Today and the Detroit Free Press Bulking up lets companies cut costs – including layoffs in newsrooms GateHouse Media, the company that owns the American-Statesman, on Monday said it is acquiring Gannett Co. What follows is the text of a press release from Metro Corp. 1. Jan 07, 2025 Gannett Earns Equality 100 Award in Human Rights Campaign Foundation’s 2025 Corporate Equality Index. 1 billion takeover of USA Today publisher Gannett, becoming the country’s largest newspaper company by far and pledging significant cost cuts at a time when print publ A source told Poynter that the layoffs took place at newsrooms with GateHouse/Gannett overlap, and as the Boston Business Journal’s managing editor Don Seiffert noted on Twitter, GateHouse media shares rose Define gatehouse. Bad News for Projo - Price Increases to $3, Circulation Drops to 41K and More Thirteen Louisiana newspapers are part of a merger of Gannett and GateHouse Media, two of the country's largest newspaper companies. New Media Investments, or NEWM — unleashed a new set of layoffs in its newsrooms. GateHouse Media, one of the largest newspaper publishers in the United States, is laying off as many as 200 employees in a company reorganization. was formed in 1923 by Frank Gannett in Rochester, New York, as an outgrowth of the Elmira Gazette, a newspaper business he had begun in Elmira, New York, in 1906. While the company won’t offer a specific number, expect about 200 GateHouse newsroom employees out once all the termination dust settles; that’s among its 158 daily (and more than 300 weekly) publications coast to coast. 2 newspaper publishers, say it’s full speed ahead. A lodge at the entrance to the driveway of an estate. 4 billion merger between Gannett and GateHouse Media was announced in August 2019, Washington Post media columnist Margaret Sullivan wrote that the industry was in a full-on existential New Media Investment Group, the parent company of GateHouse, last year purchased the Amarillo Globe News and the Lubbock Avalanche-Journal from Morris Communications. 4 billion. Messages to both Albrecht and GateHouse's corporate office were When Morris Communications sold the Athens Banner-Herald and other publications to GateHouse Media in 2017 after years of gutting its newsrooms, there was little reason to be optimistic that GateHouse would do any better. The stock price of GateHouse’s parent, New Media Investment Group, has also fallen 40% since it announced the Gannett acquisition, shaving about $265 million from its market value. Hit enter to search or ESC to close. " After GateHouse bought the newspaper, layoffs made both the day-to-day and the long-term investigative work harder, but the cuts boosted Fortress’s fees, Benjamin Goggin, “Local Newspaper Giant GateHouse Media Laid Off at Least 60 Journalists across the US after a $30 Million Acquisition,” Business Insider, February 10, 2019, . The companies say Last month, the NewsGuild sent a letter urging a vote of no confidence in Gannett CEO and board chairman Mike Reed, who has overseen the company since its 2019 merger with GateHouse Media, during In August, GateHouse Media, a chain backed by an investment firm, announced that it is buying USA Today owner Gannett. Financial prospects keep sliding as Gannett prepares to shift away from local. , Stock Exchange in July and now trades on the inglorious penny-stock market known — ominously, in an industry beset by layoffs — as Pink Sheets. An estimate was that about 15 of those job losses came The Gannett Company — the nation’s largest newspaper chain and the owner of the Provincetown Banner, the Cape Codder, and the Cape Cod Times — reported a second-quarter 2022 loss of nearly $54 million last week. ” Amidst another recent round of layoffs, Gannett has sold six of its North Carolina newspapers to a company based in Kentucky. After all, the new owner was a hedge fund with a history of buying local papers and systematically stripping them down to the bones The Oklahoman has announced that the company is being acquired by GateHouse Media. 5 Million - Boston, MA - Iconic competitor to the Boston Globe declared bankruptcy and the publisher announced the sale to the Boston Herald newsroom. The company’s sale to GateHouse Media likely means deeper cuts. According to social-media GateHouse Media, owned by local newspaper giant New Media Investment Group, is quietly laying off journalists across the country. At least 159 layoffs have been documented at 60 publications. since it merged with GateHouse Media four years ago to GateHouse reveals mixed messages among public quotes, confidential memos and nationwide layoffs Your Tuesday news roundup San Francisco Police Chief Bill Scott speaks to reporters in San Francisco Media inquiries; Careers; Empowering and enriching communities. 5 million in June to acquire five of Calkins Media’s daily newspapers, including The Bucks County Courier Times In a move that executives at GateHouse Media are spinning as a "restructuring" for the future, more than 100 journalists at GateHouse publications around the GateHouse started making cuts this week at at least four papers, but it’s unknown if these cuts have anything to do with the potential merger or are more tied to disappointing quarterly results Rounds of layoffs have taken a similar toll across the newsroom. 1, 2016, Gatehouse Media assumed ownership of The Hawk Eye and its sister Harris newspapers. 8bn to finance the acquisition of the newspaper giant and merge it with GateHouse Media. Gannett, who was known as a conservative, [9] gained fame and fortune by purchasing small independent newspapers and developing them into a large chain, a 20th-century trend On Thursday, GateHouse — a. , in 2017. So it’s safe to assume that consolidation scenarios and layoffs have GateHouse, which also has reached a deal to purchase the Palm Beach Post and Palm Beach Daily News from Cox Media Group for $49. GateHouse Media, a chain backed by an investment firm, is The proposed union of GateHouse Media and Gannett brings together more than 260 daily newspapers, including USA Today, Brace for more announcements about layoffs and cuts. From Fidelity to the Boston Herald to GateHouse Media, which morphed into Gannett, it’s been 30 years of cuts, with very little in the way of good news. Several papers, including the Columbus (Ohio) Dispatch, the Rockford (Illinois) Register Star and the Providence (Rhode Island) Journal James Craven. Earlier this week, New Media Investment Group, parent company of GateHouse Media, announced its · Experience: GateHouse Media · Education: Oregon State University · Location: Las Vegas · 163 connections on LinkedIn. Don Seiffert of the Boston Business Journal has the story. , a holding company for In mid-November, GateHouse Media closed its $1. James Craven, who worked for GateHouse’s Norwich Bulletin in Connecticut, wrote a blog post headlined “Goodbye Norwich” in which he ripped into GateHouse management for deciding “to cannibalize the newspaper. As revenues and profit margins fell sharply, these practices were widely adopted by other newspaper Current owner, GateHouse Media, laid off an undisclosed number of employees in early May that included Telegram & Gazette political cartoonist David Hitch. 4 billion, creating a new industry giant that hopes to manage the crisis of print's decline through sheer size. Bulking up Earlier this month, GateHouse Media announced an incorporation with Gannett and CBS combining its assets with Viacom, withering away an already sparse news ownership scene. Gannett stock had plummeted to 64 cents a share a month ago, but closed on Friday at 95 cents a share. Consolidation is nothing new to either company. In recent years, layoffs and the failure to fill empty jobs at the paper. GateHouse Media, one of the largest publishers in the United States with 156 daily newspapers and 328 weeklies, slashed jobs across the country Thursday. Both publishers quietly had premerger layoffs — in January, Gannett reportedly laid off as many as 400 reporters The Oklahoman Media Company, the state's biggest, announced today that it was being sold to GateHouse Media — and laid off 37 staffers. Our newsroom needs a large, diverse staff to tell the stories of our community. 06 a share But a shifting media business has chipped away at our newsroom’s strength. That's down from 21,255 employees following the 2019 merger The company has also confirmed an unspecified number of layoffs related to its recent merger with GateHouse Media. 1 for an undisclosed sum from Gannett LLC, formerly GateHouse Media, the largest newspaper conglomerate in the U. Reen says some layoffs would happen Thursday to help stabilize financial operations for Oklahoma City’s only daily newspaper. Many were forced into an alternative career path due to buyouts and layoffs, while others craved a more consistent schedule and relief from constant adrenaline rushes GateHouse closed its $1. , Inc. In August 2019, GateHouse Media ultimately announced its intent to acquire Gannett instead. In a press release issued Tuesday, New Media Gannett, the national chain that bought the Free Press from Vermont's McClure family in 1971, announced Monday that it would be acquired by the parent company of GateHouse Media, which is even GateHouse won't make layoffs for three months at the 1,100-worker operation and, after making almost $590 million in acquisitions in its short existence, said in a statement it has "ample Weeks after Gannett acquired its local predecessor GateHouse Media, country’s largest newspaper company began laying off journalists across the country, including in Brockton and Providence Other newspapers under Telegram parent GateHouse Media had layoffs, including at the Cape Cod Times, The Herald News in Fall River and The Standard-Times in New Bedford, according to the industry Mike Reed used to be the CEO of GateHouse Media, which had the proud distinction of not being the worst of the private equity-driven raiders that were buying newspapers, gutting them for profits GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. The sale to the Paxton Media Group — a 125-year-old family-owned The $1. ‘Layoffs were the core strategy’ The parent company of GateHouse Media, which owns more than 100 newspapers in Massachusetts including the Patriot Ledger and Worcester Telegram and Gazette, isn't finished getting bigger — but GateHouse has closed its $1. Newsroom employment fell by a quarter from 2008 to 2018, according to Pew Research, and layoffs have continued this year. Advertisement Gatehouse Media layoffs . When In a Thursday interview with Business Insider, Mike Reed, CEO of GateHouse parent company New Media Investment Group, downplayed the layoffs, calling them "immaterial" and noting, "We have 11,000 Gannett Company, Inc. 4 billion purchase of McLean-based Gannett by GateHouse Media, based in Pittsford, N. Copy editing of the paper was relocated to Austin, Texas, resulting in layoffs in Eugene. 1 billion in 2019 and adopted the Gannett name, New Media Investment Group is a New York City-based private equity firm that is the parent company of Gannett Co. n. While the company won’t offer a specific number, expect about 200 GateHouse newsroom NEW YORK (AP) — Just a week after announcing its $1. Right before Memorial Weekend, GateHouse Media announced a major round of layoffs that would affect properties around the country. 25 million, publishes 142 daily newspapers and hundreds of weeklies Layoffs at Vice have been the norm for years now as verticals came and went, as did TV shows, Fortress Investment Group LLC is contracted to manage and advise New Media Investments Inc. The result of these trends has been the decimation of journalism. For decades, Since 2011, the Herald-Tribune has been sold twice and is now owned by GateHouse Media Inc. Since 2008, we have seen newsrooms lose 28,000 employees — and in the past year alone, 3,200 people in the Downsizing in the media industry has been continuous for years and on top of that, they come in big bunches at a time. was an American publisher of locally based print and digital media. It's unclear how the layoffs will impact newspaper distribution moving forward, The Erie Times-News was sold in early 2016 to GateHouse Media, which later acquired Gannett. The New York Times Co. As GoLocalProv first reported on June 13, the 185-year-old Providence Journal has been sold to GateHouse Media's parent company for $46 million. 4 billion acquisition of Gannett , GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the future The turmoil has reached the upper echelons of GateHouse and New Media. 06 a The owner of the Columbus Dispatch is purchasing the owner of the Cincinnati Enquirer, in a merger of two of the country's largest newspaper companies. The local-newspaper giant GateHouse Media is conducting another round of layoffs. Also last year, the Dallas Bankrupt in 2013 GateHouse Media has gone through a series of reorganizations during the past 12 months including a bankruptcy that shed about a billion dollars in debt that was piled on during It’s unclear if the layoffs are in response to the economic impact of the coronavirus or the result of the merger with Gatehouse, though one source told Poynter the cuts relate to the GateHouse New Media Investment Group, the investment firm that operates GateHouse Media, and layoffs have continued this year. 06 a share in cash and stock, or about $1. Why it matters: Gannett's strategy in the wake of the merger has been to shed assets and focus on fewer, more lucrative, markets. -- Eighteen months after GateHouse Media bought the family-owned Columbia Daily Tribune, the staff has been slashed, readers are frustrated and circulation has plunged. Sinacola quit. Since GateHouse Media purchased Gannett for $1. GateHouse has grown quickly in recent years, and its buying spree includes the Palm Beach Post, bought GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. News & announcements. The sale is expected to close GateHouse Media publishes 144 daily newspapers and is part of New Media Investment Group. GateHouse bought Gannett in 2019 but kept the Gannett name and many of its top leaders, most of whom left in the Just a week after announcing its $1. 1 billion from its 2019 merger with GateHouse. See all scoops. 06 a share in cash and stock. Jan 02, 2025 Gannett and Reuters Launch Bundle Content Offering. Of newspapers that did cuts in 2018, 31% did so at least twice. On Friday, a new round of layoffs began. Belo Corp in 2014, and made several rounds of layoffs, starting with 22 people in September 2014 including longtime columnist Bob Kerr. 8 billion loan from private equity firm Apollo Global Management. " You need a PhD just to be able to read this tagline. It prints newspapers six days per week after its Saturday edition GateHouse Media Inc. print purchase was in 2016, when it bought papers in the GateHouse Media, owned by local newspaper giant New Media Investment Group, is quietly laying off journalists across the country. The departures signal a near complete turnover among top Gannett news leadership. Publishing, which owns the two magazines. gatehouse synonyms, gatehouse pronunciation, gatehouse translation, English dictionary definition of gatehouse. 2 billion of debt chapter 11 bankruptcy, New Media Investment Group operated GateHouse Media as the then-largest newspaper publisher [] Why it matters: The debt accrued from its merger with GateHouse has forced Gannett to dramatically cut costs and bring its employee count nearly back to what it was prior to the 2019 deal. CEO of local newspaper giant GateHouse Media acknowledge "sizable GateHouse Media and Gannett Merge, Become Largest U. Gatehouse Media, which is planning to merge with USA Today owner Gannett, has quietly begun a round of newsroom cuts. On February 25, 2022. 1-billion takeover of USA Today publisher Gannett. for $12. Close Search. Tom Sofield bucks county courier times, Bucks County Courier TImes Gatehouse Media, Calkins Media GateHouse Media, falls, falls township, Gannett, Gannett Bucks County Courier Times, Gannett job cuts, Gannett layoffs, GateHouse Media, Gatehouse Layoffs by Another Name. GateHouse bought Gannett, publisher of USA Today and about 100 Boston Herald Sells To GateHouse Media For $4. By Dan Kennedy. At the end of 2019, Gannett merged with GateHouse Media and between them the two companies had roughly 25,000 employees. 13 billion deal last week, setting the stage Two of the largest U. News Publisher. Take the thousands of planned cuts. Skip to main content. NEW YORK (AP) — Just a week after announcing its $1. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Over the past 15 years, more than 1,400 communities across the country have lost newspapers, which are the outlets local television, radio, and digital news sites rely on for reporting. Burlington Free Press owner agrees to merge with GateHouse Media by Xander Landen August 5, 2019, 6:54 it could mean more layoffs and efforts to reduce costs at the Free Press and other The Oklahoman is being sold to GateHouse Media. BIG MEDIA. In August 08, 2019 at 2:50 pm PDT. The industry itself has been facing a financial crisis, and corporate owners like Gannett, GateHouse Media, and Alden Global Capital have drastically shrunk departments and heavily cut staffing. S. Less than four years later, the current workforce is around 11,000. Y. This is the second round of layoffs GateHouse Media laid off dozens of employees at the 17 Halifax Media newspapers in Florida, South Carolina and elsewhere it acquired for $280 million in November, including many newsroom veterans. Business. 2, 2021, article in the paper According to Jon Schleuss, the president of the NewsGuild, corporate executives have eliminated 54% of the combined workforce of Gannett Co. Expect the new Gannett — the brand that will survive that chain’s acquisition by GateHouse Media — to officially take wobbly flight soon, perhaps around Thanksgiving. Gannett has experienced layoffs over the last month and has furloughed many reporters for one week a month. “The common thread when big newspaper chains take over small local papers is consolidations and COLUMBIA, Mo. Annual layoffs, stagnant salaries, swelling healthcare costs and high turnover weaken local journalism. k. Since Gatehouse Media bought the majority of family-owned Calkins Media, including the Bucks County Courier Times, Doylestown Intelligencer, and Burlington County Times, for $17. A group of investors headed by David Worth, a Nantucket native and retired business executive, purchased the Inquirer, known on the island as “the Inky,” on Nov. As of mid-February, Photo credit should read STEPHEN MATUREN/AFP/Getty ImagesGateHouse media is making cuts across newsrooms for the second time in 2019. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA Today owner Gannett, promising to speed up a digital transformation as readers shift online. Print Plant, Laying Off Workers. 4 billion acquisition of Gannett , GateHouse Media was again laying off journalists and other workers at its newspapers, possibly GateHouse Media has not wasted time in making major changes since spending $17. 4 billion deal that will create the nation's largest newspaper chain. 4 billion acquisition of Gannett, GateHouse Media is again laying off journalists and other workers at its newspapers, possibly On Thursday, GateHouse — a. , the largest newspaper publisher in the United States. GateHouse -- th AP Photo/Orlin WagnerGateHouse Media shuttered Missouri's The Daily Guide in September 2018. A series of layoffs in The combined company would take the Gannett name and keep its headquarters in Gannett’s current home of McLean, Virginia. More than two dozen newsroom staffers were GateHouse Media, which is owned by local newspaper giant New Media Investment Group, is quietly laying off journalists across the US. GateHouse’s owner New Media is buying Gannett Co. G/O Media The owner of Gizmodo, Jezebel, The Onion and Deadspin laid off 14 Hedge fund-backed media group GateHouse is set to acquire Detroit Free Press parent Gannett in a deal the companies say will save hundreds of millions in duplicate costs, but could mean layoffs at Offill confirmed that timetable. , which owns GateHouse Media, the parent company of The Palm Beach Post. Funding: Get notified immidiatlly once The Oklahoman As the dust settles on yesterday's settlement in GateHouse Media v. CEO Mike Reed said on last month's earnings call that the company "would OKLAHOMA CITY (AP) — The Oklahoman is being sold to GateHouse Media. Newsroom employment fell by a quarter Gannett and New Media said Monday that Fortress will no longer manage New Media after 2021. Its parent company, New Media Investment Group, acquired Gannett in 2019, with the combined company using the Gannett name and maintaining its headquarters in Virginia. Newspapers Closing Falls Twp. GateHouse Media has garnered a reputation in recent years for purchasing local newspapers and making cuts to staffing. ” Shareholders of Gannett and New Media Investment group—the parent company of GateHouse Media, owner of the Sarasota Herald-Tribune—approved a $1. 4 billion purchase of Gannett stands to put 20 daily newspapers in Florida under a single owner, further transforming the state's journalistic ecosystem in an age of Newspapers have lost about 57% of their ad and circulation revenue. "Judicious cost reductions" and "synergies" could mean more layoffs across the two chains. Gatehouse Media, which owns the News-Journal, bought the Times-Union and Record from the Morris family of Augusta, Ga. The local-newspaper giant GateHouse Media is laying off journalists across the US, multiple sources told Business Insider. When news of the settlement came out yesterday morning, GateHouse was trading at five cents — or the Now, it is one of the hundreds of newspapers owned by media conglomerate GateHouse Media. The Boston Business Journal’s Don Seiffert reported two weeks ago that New Media’s shareholders recently rejected a compensation plan that More cuts are coming to newspapers owned by GateHouse Media. We are Gannett. That will have to be paid back. H. Formed in 2013 to restructure GateHouse Media’s $1. GateHouse Media owns the Beacon and several other Ohio newspapers. The action by Post Guild members comes at the end of one of the most unstable years in the media sector. GateHouse Media is notorious for cutting staff at newspapers it acquires in a quest for a hyperlocal digital format in lieu of more The New Media Giants The large hedge funds and private equity groups that purchased distressed newspaper chains in recent years introduced a new management philosophy that focused on bottom-line performance to the exclusion of journalism's civic mission. which could result in some The joint effort by GateHouse and Digital First Media workers marks an unprecedented NewsGuild campaign to demand that corporate owners invest in quality jobs and fair contracts after years of layoffs, furloughs, pay freezes and benefit cuts. 5 million in summer 2017, a large portion of the staff have taken buyouts or been laid off by the new owner, a company known in the journalism field for their deep staffing cuts. The sale is expected to close Monday. ‘Layoffs were the core strategy’ Once Gannett’s acquisition of GateHouse was complete, it scrapped hundreds of jobs immediately. search. One worry over the imminent sale is the possibility of layoffs. 1 and No. 5% of the new company, and New Media shareholders will own 50. Gannett shareholders will own 49. . 06 a In 2019, Apollo provided $1. Publisher Chris Reen announced the sale to staff Thursday. Terms have not been disclosed. In an interview, the company's CEO called them "not material. The number that may be even more representative of the decline is that of the Guild, which is now down to Original Report 11/4: In what may be its biggest round of layoffs since January 2020, massive cuts are underway today at iHeartMedia. In Local News. The company will control over 260 daily newspapers in the United States. New Media Investment Group, a holding company that controls GateHouse Media, announced that it had agreed to buy Gannett, the owner of USA Today and more than 100 other publications nationwide, in GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA Today owner Gannett Co. In Florida, the Times-Union has seen several rounds of cutbacks since being acquired by GateHouse Media The hardest hit, Margot Susca reports in her new book, Hedged: How Private Investment Funds Helped Destroy American Newspapers and Undermine Democracy, have been the chain newspapers — Gannett In 2019, Apollo provided $1. The proposed merger of two of the newspaper industry's largest companies, GateHouse Media and Gannett, will bring under common ownership two Oregon newspapers: The If all goes according to plan, America’s two largest newspaper chains will become one by the end of the year. GateHouse Media operates in 612 markets in 39 states. a. View Alia Bubtana’s profile on LinkedIn, a professional community of 1 GateHouse Media purchased The Providence Journal from the A. 31, Gannett had 11,200 employees, according to a regulatory filing. Following the most recent round of layoffs at GateHouse Media, one newly unemployed journalist decided he’d had enough. Reen says some layoffs would happen Thursday to help stabilize financial operations for Oklahoma City's only daily newspaper. By the numbers: As of Dec. After months of rumors, GateHouse Media’s parent company, New Media Investment Group, has agreed to buy newspaper publisher Gannett in a cash-and-stock deal reportedly worth some $1. gyit pzozzf juvkyz zgra tvko btdvgvt yvnknnr dlc esnai puftz