GateHouse Media Inc. was an American publisher of locally based print and digital media. The 10,000-plus-employee company reaches more than 23 million people weekly via its 145 daily newspapers, 340 community publications and 570-plus websites in 37 states. Meanwhile, the Boston Business Journal reports newsroom and many business-side employees at the Globe will stage . Southern Kitchen, launched by Cox Media Group (CMG) in 2017, is a blend of e-commerce and content. However, the merged newspaper chain would take the better-known Gannett name and be based at Gannett's headquarters in McLean, Virginia. GateHouse Media - Wikiwand Gatehouse Media in - Boston | Groupon We also rate them High for factual reporting due to proper sourcing and a clean fact-check record. Under that brand, the company has won several Pulitzer Prizes, expanded its investigative reporting and shared journalism resources. I rely on the digital for backup if I can't retrieve the delivered newspaper or traveling without the printed version. Etiam ultrices scelerisque enim, id interdum leo mollis sit amet. Arrg . "We all pray that it works," said Nancy Whitmore, professor of communication at Butler University in Indianapolis, and an expert on media economics. [19] As of April 2018, GateHouse Media was publishing 144 daily newspapers, 684 community publications, and over 569 local market websites in 38 states. Receive all invoices. Press Freedom Rating: MOSTLY FREE Gannett resisted MediaNews Groups bid to buy it earlier this year. 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. As a subscriber, you have 10 gift articles to give each month. 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. Gannett had about 16,980 employees at the end of 2018, while GateHouse had about 10,638 employees, according to their securities filings. 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. The new company, which uses the Gannett name, owns about 800 American newspapers including 260 published daily. Copyright 2023 Apple Inc. All rights reserved. Gatehouse Media | Universal Hub Lorem ipsum dolor sit amet, consectetur adipiscing elit. 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. And now one in five daily papers in the United States has the same owner, under the Gannett name, according to figures provided by researchers at the University of North Carolina. 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. [4] Immediately after the merger was finalized, all GateHouse Media URLs began redirecting to Gannett.com. The previous version that looked like an actual paper was great. 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. So theres so much opportunity beyond the newsroom for us to go get these efficiencies., Paul Bascobert, the chief executive of the former Gannett who will hold that same title for the new Gannetts operating company, seconded that statement, saying the companys mission is to connect, protect and celebrate local communities., And the core of that is great local journalism, he added. The newspaper company, which operates as Media News Group and owns hundreds of publications across the country, including the Denver Post, bested two other suitors GateHouse Media and Revolution Capital. The fate of for-profit local journalism hangs in the balance as the news industry spars with digital giants Google, Facebook and others for revenue and the attention of Americans. Ask a Lawyer. 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. . By adamg - 8/5/19 - 4:39 pm. GateHouse CEO Kirk Davis stated that the project allows the Media firms aren't creative agencies, but the good ones are indeed creative. Worcester Living, the lifestyle magazine that celebrates Central Massachusetts, is filled with stories about the people and places that help make the area a wonderful place to live. 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. Gatehouse Media Partners began in September 2005 with the goal of providing customized, targeted media plans that get results and keep up with the ever-changing media landscape. GateHouse Media LLC - Company Profile and News The agreement on Monday calls for Gannett shareholders to receive $12.06 per share in a combination of cash and New Media shares, for a premium of about 18 percent. (Mr. [33], On January 28, 2019, it was announced that GateHouse Media had acquired the publishing division of Schurz Communications including The Herald-Times in Bloomington, Indiana, South Bend Tribune in South Bend, Indiana, and other papers in Clay, Lawrence, Monroe, Morgan, Orange, Owen, and Putnam counties in Indiana. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Gannett merger: GateHouse newspaper deal announced - The Washington Post Fortress was the entity that controlled New Media Investment Group, the parent of GateHouse Media. Subscription extension or refund. Even before the merger, the two companies were the two largest chains in terms of both number of newspapers owned and circulation, according to researchers at the University of North Carolina. Not everyone can say that. We get it. The combinedcompany will be based at Gannetts headquarters west of Washington, D.C. New Media Investment Group CEO Michael Reed will remainCEO of the umbrella company, which will benamed Gannett after the deal closes. After the merger, the companies retained the Gannett name. Worcester Living, the lifestyle magazine that celebrates Central Massachusetts, is filled with stories about the people and places that help make the area a wonderful place to live. Its parent company, New Media Investment Group, merged with Gannett in 2019.[4]. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. daily-times.com serves as the online domain for the newspaper. The company's nine-member board will consist of five directors from New Media, three from Gannett, and New Media's current lead director, Kevin Sheehan. The acquisition comes about four years after Gannett split from the broadcasting arm of its former parent company, now known as Tegna. The apps natural interface uses iOS Multi-Touch gestures to provide a print-like reading experience. When . Or call 1-800-MY-APPLE. We believe this transaction will create value for our shareholders, greater opportunities for our employees, and a stronger future for journalism," Reed said in a statement. Morale was typically high, work is appreciated and bosses encourage suggestions for improvement. GateHouse Media company profile - MondoTimes.com The 10,000-plus-employee company reaches more than 23 million people weekly via its 145 daily newspapers, 340 community publications, and 570-plus websites in 37 states. Traffic/Popularity: Minimal Traffic According to the lawsuit, certain subscribers of GateHouse Media have were billed surcharges to a premium magazine subscription, "Lens", which were inadequately disclosed. It is the largest newspaper in Central Texas. Gatehouse Media Partners RSS. Ut a nunc porta, congue dui sed, eleifend nunc. Media executive Paul Bascobert has been named chief executive of the combined . 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. The developer provided this information and may update it over time. 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. The sale includes the central Massachusetts media properties, Worcester Magazine, The Landmark, baystateparent Magazine, Leominster Champion, Millbury-Sutton Chronicle, and the Grafton News. We will continue to demand that they fund high-quality journalism.. Together, the two companies would operate more than 260 daily news operations far more than any other U.S. news publisher and boast potentially the largest online audience of any American news provider. Etiam ultrices scelerisque enim, id interdum leo mollis sit amet. Newspaper Chain, Targets Inefficiencies, https://www.nytimes.com/2019/11/19/business/media/gannett-gatehouse-merger.html. The stakes are high. In Florida, the combined company will own 20 daily. Its parent company, New Media Investment Group, merged with Gannett in 2019. Ad-Free Sign up GateHouse Media, which owns 154 daily newspapers and operates in 39 states, has been on a buying spree in recent years, striking deals to acquire The Austin American-Statesman, The Palm Beach. Shortly after GateHouse bought The Register-Guard, the company began laying off copy editors. Gatehouse Media Company Profile | Management and Employees List 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 a transaction valued at roughly $1.4 billion. GateHouse and Gannett have both cut newsroom employees in recent years. Faced with problems, it downsized to 270 by June 2005. So its a small number, relative to 24,000. Whitmorepointed to important journalism like the Gannett-owned Indianapolis Star's investigative reports on disgraced gymnastics doctor Larry Nassar as emblematic of the type of work that establishes the significance of identifying a sustainable financial model. Gatehouse Media: Latest News, Top Stories & Analysis- POLITICO Media With Gatehouse newspaper chain on the hot seat, CEO - POLITICO Media To link your subscription, open our app click on the settings (gear) icon in the top right corner of the screen, Click "Create Account" and follow the instructions to make a profile. Fosters Daily Democrat eEdition:Amazon.com:Appstore for Android "We urge readers to support us with a digital or print subscription, and we urge. The new Gannett, with 260 dailies under its control, will be based in McLean, Va. Several of these newspapers cover more than one town, and WickedLocal maintains separate websites for each town. We look for new software developers to build new tracking features for the maritime industry. Though New Media is buying its competitor, the company resulting from the deal will go by Gannett, a name that goes back to the early part of the 20th century, when Frank E. Gannett, who owned half of the Elmira Gazette in Elmira, N.Y., became a media baron with the acquisition of other newspapers. Bias Rating: RIGHT-CENTER As of early 2022, Gannett was seeking an early buyout of Fortress's outside management role. Louis added that the two companies are a strong "cultural fit.". Owned by: GATEHOUSE MEDIA MASSACHUSETTS I, INC. The Gainesville Sun - Apps on Google Play Ut a nunc porta, congue dui sed, eleifend nunc. The acquisition is expected to closearound the end of the year. Gannett has been a sought-after property. Filtered Search, Enter your email address to subscribe to MBFC and receive notifications of new posts by email. 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. On Friday, Boston Herald publisher Patrick J. Purcell told staff that GateHouse Media LLC would acquire The Herald and its assets for $4.5 million in cash, subject to court approval. This electronic edition app is an exact replica of Worcester . They often publish factual information that utilizes loaded words (wording that attempts to influence an audience by appealing to emotion or stereotypes) to favor conservative causes. Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. New Media Investment Group, a publicly traded company with headquarters near Rochester, N.Y., has put money into journalism through GateHouse Media. Co.'s products include 86 daily newspapers; 254 weekly newspapers, which are published up to three times per week; 102 shoppers, which are generally advertising-only publications; over 466 locally focused websites and mobile sites; as well as six yellow page directories. Class Action Claims Columbus Dispatch Shortened Paid-For Subscriptions Gatehouse Media is based out of Fairport. How the Gannett/GateHouse merger could deepen America's - Brookings To maximize the company's value, Boston Herald Inc. (BHI) filed a voluntary Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware to maximize the company's value. thriving digital model to showcase the amazing work being done by our journalists across the United States is essential to preserving the vitality and viability of our local journalism.. It used to look like a real paper. Subscribers can flip through the pages, read stories, photos and view ads just they appeared in print. But financial turmoil including the continued loss of print advertising dollars and 2016s aborted attempt to acquire the media company now known as Tribune Publishing has proven to be an obstacle in Gannetts quest to remake itself. Anyone can read what you share. Marie Evening News - Sault Ste. [citation needed] In October 2006, GateHouse had its IPO with Fortress maintaining 60% ownership. The Company publishes local newspaper, management structure, short biographies, and, articles, as well as offers marketing, and online . The planned merger comes more out of perceived weakness than strength: With a few exceptions, newspapers are struggling as readers abandon ink and paper in favor of websites and news apps. Gatehouse Media scores $1.38B deal in Gannett acquisition - New York Post Gannett, the Owner of USA Today, Is About to Get a Whole Lot Bigger Job openings at GateHouse - apply today 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. GateHouse Media - Vonage 12-022-21) Gatehouse Media, LLC v. City of Worcester (Lawyers Weekly No. your email inbox A few months ago, GateHouse acquired20 more local The sale closed on Oct. 1, 2018, for $12.5 million. Pittsford, New York-based GateHouse, the operating subsidiary of New Media Investment Group, will combine withMcLean, Virginia-based Gannett, the larger of the two companies, in a cash-and-stock deal worth about $1.38 billion and financed in part with new private-equity debt. The Geyser Hot Takes & Deep Thinking on the Info Economy With Gatehouse newspaper chain on the hot seat, CEO Mike Reed responds. Its parent company, New Media Investment Group, merged with Gannettin 2019. The strategies and lessons learned during development Their mission is to make learning to read accessible, enjoyable and, above all, age-appropriate. Mr. Reed said the bulk of the savings is not going to come from editorial, meaning newsrooms would be largely spared. Serial Number: 88350534. [8], The company received notification from the New York Stock Exchange (NYSE) on August 21, 2008, that it had fallen below the NYSE's continued listing standards for average global market capitalization over a consecutive 30-trading-day period of not less than $75 million and $1.00 average closing price, and had submitted a business plan to the NYSE Regulation for coming back into compliance for continued listing. And though they said the merger would enhance quality journalism, both companies have cut costs in recent years by laying off journalists. Mr. Reed said he would make newsroom decisions with the help of data that tracked reader interest and the output of journalists. Senior Subscription and Engagement Manager - GateHouse Media Now publishing at www.the-geyser.com. INVESTING time listening is time well spent. Dix Communications operates in northeastern and east-central Ohio, including more than 30 daily and weekly newspapers. In August 2019, Gatehouse Media purchased and merged with Gannett becoming the largest newspaper chain in the USA. Click to read The Geyser Hot Takes & Deep Thinking on the Info Economy, by Kent Anderson, a Substack publication. Safety starts with understanding how developers collect and share your data. The project will take place over six