If the president attacked any other industry, what would the response be?. Get Directions. GateHouse Media reserves the right to alter these terms and conditions by posting new terms and conditions, communicating them via e-mail or through the Customer Service Portal, or by otherwise communicating them. Locally, Gannett owns northern NJs Record and the Journal News in NYs Westchester and Rockland counties. All other trademarks are property of their respective owners. Community Rules apply to all content you upload or otherwise submit to this site. The managers and the investors are the victors, the readers and the journalists the losers. The not-very-helpful text of the notice: To learn more about the proposed class action settlement in the Steven Keenholtz, M.D., et al. (614) 461-5000. The data presented on this page does not represent the view of Gatehouse Media Massachusetts I Inc and its employees or that of Zippia. When . Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. For Fortress, newspapers now a classic distressed industry offered a chance for good profit, using the reliable roll-up-and-cut methodology at the root of its industry. Furthermore, GateHouse is closed on December 31. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales . Both CEO Mike Reed and CFO Greg Freiberg draw their compensation from Fortress; COO Kirk Davis is a New Media employee. Gatehouse Media. With assumption of Gannett debt, Apollo Global Management will supply all $1.792 billion in financing, which one source told The Post was at a sky-high 11.5 percent interest rate. Please contact usif you find an error in the database. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. I asked New Media CEO Mike Reed and COO Kirk Davis for comment on the annual results and their 2017 plans, but received no response. The Nieman Journalism Lab is a collaborative attempt to figure out how quality journalism can survive and thrive in the Internet age. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people dont lose their employment. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. GateHouse Media Inc., which owns over 400 community newspapers and hundreds of local websites, is restructuring its $1.2 billion debt in a prepackaged Chapter 11 bankruptcy filing. There is no record of GATEHOUSE MEDIA MARYLAND HOLDINGS INC committing any sort of PPP Scam reported anywhere. These amounts were reported to the SBA by the company. Where does the acquisition money come from? Similar Businesses Nearby How Much Does Gatehouse Media Massachusetts I Inc Pay? Average GateHouse Media salaries by department include: Marketing at $133,822, Business Development at $140,035, Legal at $156,143, and Finance at $88,443. 373 0. v. GateHouse Media, LLC, et al. | date = 23 February 2017 Though GateHouses strategy makes a huge difference to the millions of people in the communities its newspapers serve, the likelihood of any new political, Trump-related pressure on this local press seems small. Now, backed with a further $130 million in raised equity, CEO Mike Reed said Tuesday the company intends to buy more. Web. For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. We, Yahoo, are part of the Yahoo family of brands. 552 (Freedom of Information Act), Up to three-quarters of the $800 billion in disbursed PPP funds flowed to business owners instead of workers, study finds. GateHouse Media, Pittsford (town), New York. New talents are needed at GateHouse. The company reported a more-than-50-percent drop in both net income and earnings-per-share for 2016. Gannett, the owner of the Argus Leader in Sioux Falls, USA TODAY and more than 100 local newspapers in the United States, has agreed to merge with GateHouse Media, the owner of two South . Find out more about how we use your personal data in our privacy policy and cookie policy. Heres another: All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. Thats a good business story. That's a pretty steep sum for a once-great paper that's now a shadow of its former self, with a daily circulation of . 821 (1974), declaring that David King, who had delivered the Patriot Ledger by automobile to some of its subscribers, was, under G. L. c. 149, 148B . Fysisk lag FPGA udvikler / FPGA Developer. It calls for Gannetts shareholders to receive $6.25 in cash and 0.5427 worth of New Media shares for each share of Gannett. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. Salaries posted anonymously by Gatehouse Media employees. make payments. *Offer extended only new digital advertisers. View and pay your monthly statements online for FREE when you pay by e-check (ACH), from your checking or savings account. The parent of the nations second-largest newspaper company, Gatehouse Media, has struck a $1.38 billion agreement to acquire USA Today publisher Gannett in a cash-and-stock deal. Please note the following public holidays in Denmark are excluded from normal service hours. Those nice dividend checks mean fewer journalist paychecks. How much does Gatehouse Media - Administrative Assistance in the United States pay? GateHouse Igniter A/S: DK41395281, Find more information about GateHouse Martime on the website, Find more information about Gatehouse Satcom on the website, Find information on contacting Board and Management members. GateHouse Media, which owns more than 100 daily and weekly community newspapers in Eastern Massachusetts, has agreed to settle a class-action lawsuit brought over the company's practice of charging for "premium" publications that subscribers hadn't asked for. Is the bloom off this fast-growing flower? Disclosure would be clearer and more prominent than it had beenpreviously. Save my name, email, and website in this browser for the next time I comment. Eric Newton (@EricNewton1) February 18, 2017, Its a hell of a question. GateHouse Maritime A/S: DK37439568 The answer, of course, isnt singular. Newspaper delivery person David King, who worked for the Patriot Ledger in Quincy, filed the class action lawsuit in 2011 in Norfolk Superior Court on behalf of all Patriot Ledger newspaper carriers. As with Reeds twin announcements Tuesday more acquisitions, but also more reductions in staff we see the GateHouse/Digital First Media playbook in its full application. GateHouse Media is a leader in local content and advertising in hundreds of communities across the country. All. Nieman Journalism Lab. . 7 reviews of GateHouse Media "Don't have the MetroWest Daily News home delivered! All rights reserved. The settlement is restricted to papers that carried Lens, and are concentrated in Greater Boston. GateHouse Holding A/S: DK12948700 GateHouse Group A/S: DK43302078. GateHouse Group Theres rich irony here: The retirement funds of those in the news industry, among many others, helps fund these New Media takeovers, which in turn result in more job cutbacks and the thinning of journalism in communities from coast to coast. They were approved on 05-05-2021 by the SBA for an amount of 535000 USD. Its not the only playbook out there, but its the most used. If you have any questions about job openings, please dont hesitate to contact HR Manager Claus Svendsen at +45 2329 6207. A world of community leadership as uneven as it really was over the decades has been quickly eroded. At best, GateHouse puts together a cluster of newspapers best for cost-cutting efficiency and consolidation and takes over a newer printing operation that it can use for centralized, again more cost-efficient, publishing. AUGUSTA, Ga. Morris Communications will sell its 11 daily newspapers and other publications in those markets to New Media Investment Group, the parent company of GateHouse Media Inc., the . New York Times CEO Mark Thompson sparred with Trump on his year-end call, but Newtons point is right on: There are CEOs of major media companies (and companies that own media companies) employing many tens of thousands of workers who are being called dishonest. GateHouse Group A/S: DK43302078, GateHouse SatCom A/S: DK26040299 Those cuts follow more major cuts in the newsrooms of papers its acquired more recently those papers have seen the bigger cuts, as reported to me by the NewsGuild/Communication Workers of America. Under the agreement, subscribers may receive a refund or have their subscriptions extended if the proposed settlement is approved in Superior Court. Get the latest business insights from Dun & Bradstreet. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. Under the terms of the settlement, GateHouse will pay up to $425,000. The lawsuit, brought on behalf of two GateHouse newspaper subscribers byKurtzman Carson Consultants, claimed that GateHouse violatedMassachusetts law by failing to disclose its subscription policies adequately. For that work, it gets paid, and we'll do that . Defendant GateHouse Media Massachusetts I, Inc. (GateHouse), publisher of the Patriot Ledger newspaper, appeals from a separate and final judgment under Mass.R.Civ.P. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. New Medias CEO Mike Reed then gobbled up small US newspaper companies. while finding money to pay off debts . We don't just need solutions; we need the courage to imagine they will succeed, and the collective will to make them happen. Our tracking data currently support major global logistic operators creating transparency. Kings estate will get $7,500 to compensate him for being the lead plaintiff. Get the latest business insights from Dun & Bradstreet. Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Even a single PPP loan fraud case might involve multiple criminal laws. Newsonomics: Here are 10 storylines well be talking about into 2017, Newsonomics: The financialization of news is dimming the lights of the local press, the financialization of the ownership of American dailies, The newsonomics of the new Chattanooga (Events) Choo-Choo, New Media CEO Mike Reed and COO Kirk Davis, Tribune gets Troncked: A readers guide to the Tribune/Gannett war, Newsonomics: The new Knight-Lenfest initiative gives a kick in the pants to Americas metro newspapers. Nieman Journalism Lab. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. In fact, with Softbanks leading edge now becoming its $100 billion tech-future-oriented Vision Fund, this old-world management contract would seem to be something of a (profitable) anomaly. I agree to receive promotional communication from GateHouse Media and its affiliates. Contact Information. This little-talked-about, wont-talk-to-the-press newspaper chain owns more daily newspapers than any other U.S. publisher likely more than any other publisher in the world. 4 Mar. A Massachusetts Appeals Court has ruled that newspaper carriers for Gatehouse must be classified as employees, not independent contractors. This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. To be sure, theres a chill in the air, and courage isnt easy to come by. GateHouse has hired a third-party firm to administer the settlement. Word of an overall 4.6 percent budget cut across the chain is rifling through company. One driver, who spoke to a reporter on condition that his name not be used, said there have been no changes in working conditions due to the lawsuit. Its unclear how much stamina NEWMs investors will have for the strategy, though. Enter your email address to follow this blog and receive notifications of new posts by email. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Gatehouse Media Massachusetts I Inc in Fall River, MA received a Paycheck Protection Loan of $387,500 through HSBC Bank USA, National Association, which was approved in April, 2021. Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. Instead of being billed for the additional Premium . Mon Thurs: 08.00 16.00 The above are just two instances of people getting caught by the authorities for this scam. Find company research, competitor information, contact details & financial data for Gatehouse Media, LLC of Pittsford, NY. Thats a better performance than its peers. 2023 NYP Holdings, Inc. All Rights Reserved, More than 200 Gannett staffers stage one-day strike over wages, Gannett apologizes for running obituary trashing ex-NYPD cop, USA Today demoted me for a tweet because its woke newsrooms are out of touch with readers, USA Today removes 23 articles after reporter fabricated sources. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); IsItaScam.com allows you to expose any case where someone created a fictitious entity to get a loan, overstated the number of employees or size of payroll to get a bigger loan than was permitted, or misused the proceeds for something other than the authorized expenses. Help advance the Nieman Foundations mission to promote and elevate the standards of journalism, 2023 by the President and Fellows of Harvard College. Meanwhile, David Harris recently reported in the Boston Business Journal that GateHouse was laying off 49 people at its Framingham facility as it consolidated print operations. User Rating for GATEHOUSE MEDIA MARYLAND HOLDINGS INC, whistleblowers & employees reveal that their employers have abused their funds, 5 U.S.C.
Laura Wasserman Net Worth,
Eddie Levert Hospitalized,
San Bernardino Man Killed,
Articles G