I was the only reporter covering Winchester, a Boston suburb of about 23,000 residents. Gannett, publisher of USA Today, is in advanced talks to combine with GateHouse Media in a deal that would merge the two largest owners of newspapers in … Both companies bring to the table strong local brands that have produced quality journalism that is highly valued in their communities. Our expanded network, including local daily and weekly products, local business publications, the iconic USA TODAY, digital marketing services providers and live events and promotions divisions create tremendous local impact at scale. 1.2 million are homeowners. WE ARE GANNETT. 64 were here. On May 30, The Wall Street Journal reported that the giant Gannett chain, best known for publishing USA Today, had held merger talks with GateHouse after earlier fending off a hostile acquisition attempt by MNG Enterprises, the hedge fund-owned group formerly known as Digital First Media. Earlier this week, New Media Investment Group, parent company of GateHouse Media, announced its intention to buy USA Today publisher Gannett in a deal valued at $1.4 billion. Both GateHouse and Gannett … GANNETT CO INC. Nov 2019 - Present1 year 2 months. The nation's two largest newspaper groups plan to merge. Thirteen Louisiana newspapers are part of a merger of Gannett and GateHouse Media, two of the country's largest newspaper companies. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. The Herald News in Fall River. There are 822 companies in the Gatehouse Media, LLC corporate family. Paul Bascobert, former chief marketing officer of … GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. New Media Investment Group Inc., the parent of GateHouse Media, is buying Gannett Co. in a cash-and-stock transaction, the companies said Monday. Hundreds of local newspapers are now under one umbrella company, making it the largest US media company by print circulation and completing … Gannett will be acquired by New Media Investment Group, which owns Gatehouse. The Washington Post was named the #1 Most Innovative Media Company of 2015 by Fast Company – an award reflective of our dedication to transformation, integrity and quality. Following … GateHouse is the parent company of the Austin American-Statesman. On Thursday, the deal was approved in a shareholder vote at Gannett… The combined company would … Gatehouse media publishes two daily newspapers, two weekly publications, and one monthly and one bi-monthly magazines in Rhode Island. Media giants Gannett and GateHouse Media merged on Monday, making them by far the biggest news publisher in the country. In October 2017, I took a job with the Winchester Star, a weekly newspaper owned by what was then known as GateHouse Media. Consolidation may accelerate news deserts. USA Today is the flagship newspaper for Gannett, which also owns the Press-Citizen and Des Moines Register . The company has its roots in 1906 when Frank Gannett and business colleagues became involved with the Elmira Gazette in New York. The merger of GateHouse Media and Gannett, Inc. threatens journalism. Digital access or digital and print delivery. Admittedly, GateHouse is better than DFM, but only slightly. GateHouse Media, the company that owns the American-Statesman, on Monday said it is acquiring Gannett Co., a $1.4 billion deal that will create the nation's largest newspaper chain. Jul 2007 – Present12 years 9 months. GateHouse Media will buy Gannett Co. Inc., USA Today reported on Monday afternoon. GateHouse Media, the chain that owns the American News, Farm Forum and the Watertown Public Opinion, is a subsidiary of New Media. View all news. (GateHouse Media to Gannett Co. Inc.)--The Flint (Mich.) Journal to Bay City (Mich) Times, … (GateHouse Media to Belo and New York Times Co.)--The Taunton (Mass.) GateHouse’s parent, New Media Investment Group, will purchase Gannett for $12.06 in cash and stock per share. GateHouse Media, Inc. provides publications services. GateHouse’s 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. Mr. Reed said the bulk of the savings “is not going to come from editorial,” meaning newsrooms would be largely spared. SOURCE GateHouse Media, Inc. That’s the day both Gannett and GateHouse shareholders are scheduled to vote on the deal. Merger of GateHouse Media and Gannett Affects Brownwood Bulletin The owner of the Brownwood Bulletin newspaper has announced an agreement to acquire Gannett Co., Inc., creating the largest publishing company in the United States. The companies say they are committed to “journalistic excellence” — … GateHouse Media publishes 156 daily newspapers and 464 community publications. GateHouse, the buyer, is … It is o New Media Investment Group owns and GateHouse manages the Austin American-Statesman, the Columbus Dispatch, and The Oklahoman, among other prominent publications. Michael E. Reed is the CEO of Gatehouse Media, the largest publisher of daily newspapers in the United States as measured by distinct publications. The merger will position the new company – which is keeping the Gannett name – to address the challenges and opportunities of the digital media sphere. Gannett and GateHouse Media have come together as one, creating even more opportunity. This week, GateHouse Media, which is owned by Fortress Investment Group, a private equity firm, landed Gannett for roughly the same price DFM was offering in a deal that reportedly will cost $1.4 billion. About Gatehouse Media, LLC. 1 newspaper conglomerate in the country, was close to a merger with the No. Compare pay for popular roles and read about the team’s work-life balance. NEW YORK (AP) — GateHouse closed its $1.1 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 publications are in precipitous decline. Workforce reductions across the board on a regular basis to account for aggressive acquisition make for chaotic environment and little job security. On October 26, 2017, Gatehouse media acquired Edward A. Sherman Publishing that included a daily newspaper, a commercial printing division, and three monthly publications based out of Newport. Gatehouse Media/Gannett. Neither Gannett, nor Gatehouse Media immediately responded to Reuters' request for comment. Gannett New England delivers unmatched coverage of the New England Market in print, online and at our live events. Newspaper giant Gannett was formed in 2019 when New Media Investment Group, owner of newspaper chain GateHouse Media, acquired the parent company of USA TODAY for roughly $1.3 billion creating the largest newspaper company in the country. GateHouse’s parent, New Media Investment Group, will purchase Gannett for $12.06 in cash and stock per share. Media executive Paul Bascobert has been named chief executive of the combined company. Gannett’s board unanimously approved the deal, which is expected to close by the end of the year. GateHouse Media has acquired USA Today publisher Gannett for $1.4 billion, the company announced on Monday afternoon. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. Alliance President & CEO David Chavern stated, “We congratulate GateHouse and Gannett, and we look forward to working with them to fight for the future of news publishing. The GateHouse purchase of Gannett will weaken newspapers in the communities currently served by the two papers. While Gannett’s merger with GateHouse, the second-largest chain in the U.S., is a relatively less bad option, it is far from encouraging. LINCOLN — The Valley Breeze, a community newspaper serving communities in the Blackstone River Valley, announced Wednesday afternoon that … The principals will not confirm the deal until a … GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. GateHouse Media’s $1.13 billion acquisition, first announced in August, will pave the way for massive cuts across the 260 daily papers now controlled by the new conglomerate. Gannett New England print publications reach 1.8 million readers. Gannett and GateHouse merger changes the media landscape in Florida - column. GateHouse Media currently serves local audiences of more than 10 million per week across 21 states through hundreds of community publications and local Web sites. News > Business As Gannett, GateHouse merge, newspaper cost-cutting persists. GateHouse also is second in circulation among newspaper publishers in the U.S., behind Gannett. GateHouse Media and Gannett To Merge By Nathan Bomey, USA TODAY, 8-5-19 GateHouse Media’s owner and Gannett have agreed to merge in a deal aimed at cutting overlapping costs and enabling the combined company to pursue a digital transformation as the media industry grapples with the disruptive forces of online news, social media and smartphones. The current Gannett is the result of a merger late last year between Gannett and GateHouse Media. Gannett, which publishes USA Today, owns just over 100 newspapers while New Media Enterprises, GateHouse Media’s parent company, owns nearly 400 … This week, GateHouse Media, which is owned by Fortress Investment Group, a private equity firm, landed Gannett for roughly the same price DFM was offering in a deal that reportedly will cost $1.4 billion. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. GateHouse Media, … Two of the country's largest newspaper companies have agreed to combine in the latest media … If antitrust regulators approve the merger, GateHouse brings 154 daily local papers across 39 states to the table, and Gannett’s got 109 local pubs in 34 states. These awards celebrate and recognize the best our community has to offer. Contact: Media, Shannon Dunnigan, +1-401-451-3107; or Investors, Mark Maring, +1-585-598-6874. GateHouse Media Inc. was an American publisher of locally based print and digital media. 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… Gannett eliminated the executive editor position May 2, 2020, citing the ongoing integration of Gatehouse-Gannett merger. By comparing employers on employee ratings, salaries, reviews, pros/cons, job openings and more, you'll feel one step ahead of the rest. New Media Investment Group Inc., the public parent company of GateHouse Media, the owner of this newspaper, has signed an agreement to acquire Gannett Co. … Here & Now 's Tonya Mosley speaks with media analyst John Carroll ( … Gatehouse Media, LLC has 515 total employees across all of its locations and generates $669.92 million in sales (USD). Gannett Co Inc. Gannett Co., Inc. operates as a local newspaper company. New Media will … The combined company, which will be renamed Gannett, will publish more than 260 daily newspapers across 47 states, as well as Guam. GateHouse Media is the largest publisher of daily newspapers in the United States, as measured by number of distinct publications. Gatehouse Media publishes 154 daily newspapers and Gannett operates close to 110 local news organizations and USA Today. Gannett and GateHouse Media have agreed to merge in a deal aimed at cutting costs and pursuing a digital transformation. Never miss a story. Learn More. New York, New York, United States. GateHouse's parent, New Media Investment Group, will purchase Gannett for $12.06 in cash and stock per share. Tampa Bay Times is one of the last remaining independent, single … “The obvious concern the Guild has expressed is all the debt incurred in … Local newspaper giants Gannett Co. and GateHouse Media have held talks about the possibility of a merger, according to a new report in the Wall Street Journal.If successful, the … (Callum Borchers/WBUR) This article is more than 1 year old. The acquisition of Gannett, publisher of USA Today and other papers, by GateHouse Media represents the apotheosis of the newspaper as a financial instrument. The companies say they are committed to "journalistic excellence" — while also cutting $300 million in costs every year. GateHouse, Gannett to merge for $1.4B, build newspaper giant. GateHouse’s bid for Gannett could be in trouble ... MNG said in the SEC filing that it is “evaluating the terms” of the New Media-Gannett merger and believes the … Under the terms of the Merger Agreement, shareholders of Gannett will receive $6.25 in cash and 0.5427 of a New Media share for each Gannett share they hold, representing total consideration of $12.06 per Gannett common share based on New Media’s closing … New Media, the parent of Gatehouse Media that owns the Herald-Tribune, and Gannett will combine into the largest U.S. news publisher with more than 260 daily papers and 300 weeklies. We are building a national investigative and data-driven reporting team of more than 30 award-winning editors and reporters. We invite you to vote for your favorites in dozens of categories. The Company publishes news through storytelling and events … GateHouse Media is the owners of the Austin American-Statesman, Palm Beach Post and many papers in small- and mid-sized towns. Gannett, based in McLean, Va., will combine with GateHouse Media to form a conglomerate that will own more than 250 daily newspapers and hundreds of weekly and community papers. (Andrew Harrer/Bloomberg News) (GateHouse image) The deal, originally valued at $1.4 billion, has lost significant value in the wake of New Media… On Monday, New Media Investment Group (NYSE: NEWM), who owns GateHouse Media, agreed to buy Gannett (NYSE: GCI) in a cash and stock deal valued at $1.4 billion. As of the end of 2018 New Media employed 10,638 employees and reported total … Gatehouse Media, LLC is located in Pittsford, NY, United States and is part of the Newspaper Publishers Industry. Choose the plan that's right for you. The deal values Gannett… GateHouse Media's owner and Gannett have agreed to a merger, the companies announced. Gannett is cutting pay and implementing furloughs for journalists at newspapers throughout its national media company as ad revenue plummets among … GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. GateHouse Media purchased Gannett in November 2019, but calling the merged operation Gannett. GateHouse properties in N.C. before the Gannett merger. Gannett Co. owns USA Today, more than 100 local media brands, as well as the digital … In April 2020, Cannon departed the paper. 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. Manage, maintain, and grow a territory of Regional, Local and Real Estate accounts. In 2019, Gatehouse Media merged with the mass media holding company Gannett. Gannett is the owner of USA TODAY, the Detroit Free Press, the Arizona Republic and more than 100 other publications across the country. Welcome to the 2021 Best of the Best Awards! Find out what works well at Gatehouse Media/Gannett Media from the people who know best. (Reporting by Sayanti Chakraborty in … GateHouse owner New Media Investment Group will acquire Gannett … Langhone, Pa. GateHouse Media has acquired USA Today publisher Gannett for $1.4 billion, the company announced on Monday afternoon. GateHouse Media has closed on its takeover of Gannett, bringing about 260 daily papers together to become the country’s largest newspaper company by far. If you are willing to stomp on your colleagues to get ahead, this is the place for you. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. GateHouse and its New Media … GateHouse Media and its publicly traded publisher New Media Investment Group is deep in talks to buy USA Today owner Gannett — a merger that would make America’s biggest newspaper chain even bigger, The Post has learned. Compare Gannett vs GateHouse Media BETA See how working at Gannett vs. GateHouse Media compares on a variety of workplace factors. Admittedly, GateHouse is better than DFM, but only slightly. Gannett eliminated the executive editor position May 2, 2020, citing the ongoing integration of Gatehouse-Gannett merger. Following closing, both the public and operating companies will be called Gannett. As a modern media company, we foster deep and vital connections among our communities and the world around them. More than 560,000 have children in their household. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. And Gannett shareholders are likely to lose money. Gannett Gatehouse FILE - In this Aug. 5, 2019, file photo, sections of a USA Today newspaper rest together in Norwood, Mass. Despite keeping the Gannett name, it was clearly GateHouse that got the better of the deal: Reed was the chief executive at GateHouse before assuming the same position at Gannett. GateHouse Media's parent company is acquiring Gannett in a deal that it says will result in "cost synergies of $275 to $300 million annually, unlocking meaningful shareholder value." The Company publishes local newspaper, management structure, short biographies, and, articles, as … While the media giants touted their commitment to "journalistic excellence" in a press release, the merger announcement came with plans for $300 million in annual budget cuts. UPDATED: Mon., Aug. 26, 2019. Shares in New Media Investment Group, the GateHouse parent, rose 4.7 percent Thursday. The combined company would have more than 260 daily papers in the U.S. along with more than 300 weeklies. Source: Scarborough Research, Boston R2 2017, cume readership. ... Gannett and GateHouse … We are a next generation media company that empowers communities to connect, act and thrive. GateHouse’s parent is the publicly traded New Media Investment Group Inc., which is … The cash and stock deal values Gannett … GateHouse Media, owner of the Sturgis Journal, 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. New York—GateHouse Media, owned by holding company New Media Investment Group, announced a merger with USA Today owner Gannett in a deal valued at $1.4 billion. GateHouse Media announced Monday that it will purchase Gannett, which owns USA Today and other major American newspapers. Gannett expects the transaction to close by the end of 2019. The parent of the nation’s 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. In Ohio, the merger would unite most of the state's local newspapers under one roof. New Media Investment Group Inc., the public parent company of GateHouse Media, the owner of this newspaper, has signed an agreement to acquire Gannett Co. … GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. . If you vote in more than 25 categories, you'll be entered in a sweepstakes to win $250! The newspaper industry mega deal in which GateHouse Media’s parent company plans to buy USA Today parent Gannett Co., combining the … GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for about $1.4 billion. Barring last-minute complications, the merger of America’s two largest newspaper chains, GateHouse Media and Gannett, could be announced as early as Monday morning, multiple confidential industry sources close to the transaction have told me.The parties aim to make that announcement before the stock market opens, which would put it about 24 hours before both companies are … Daily Gazette to Gannett Publishing Services, Norwood, Mass., February. Op-ed: After merger, Gannett must keep local journalists in their jobs. The two companies agreed to a “cash-and-stock deal worth about $1.38 billion and financed in part with new private-equity debt,” according to USA Today . Kirk Davis, chief executive officer at GateHouse Media and number two to Mike Reed in the GateHouse-New Media combo, is leaving just as the company is merging with Gannett. Expertise plus audience equals results. 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. Paul Bascobert, former chief marketing officer of … Gannett announced Executive Editor Alison Bath would resume leadership of the newspaper. New Media Investment Group, the parent company of GateHouse Media, said that it had arrived at an agreement to acquire Gannett (GCI) for a combination of … As an award-winning news organization, we inform and empower our communities. GateHouse, the operating division of New Media, ran the company's publications. by Melynda Fuller, July 19, 2019 ; Several outlets, including Gannett’s own USA Today, are reporting newspaper conglomerate GateHouse Media is close to settling a merger deal with Gannett. With the purchase of Gannett, which owns USA Today, GateHouse will aim to … 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. Director (Former Employee) - Remote - March 15, 2021. . GateHouse’s parent, New Media Investment Group, will purchase Gannett for $12.06 in cash and stock per share. GateHouse Media recently announced a powerful investment in journalism. New Media Investment Group, the holding company that owns New York-based GateHouse Media, plans to acquire Gannett, the media companies announced Aug. 5. 2 newsprint empire, GateHouse Media… GateHouse Media, the company that owns The Review and nine other Ohio newspapers, on Monday announced its long-planned acquisition of Gannett, creating the nation’s largest newspaper chain. New Media Investment Group, parent company of GateHouse Media, announced its plan to acquire Gannett in August. Gannett, the newspaper chain known for buying local newspapers and cutting back on operations, including news, is now on the receiving end of an acquisition — by the owners of GateHouse Media.. New Media Investment Group Inc. on Monday announced a “merger” that will result in the New York company taking over 50.5 percent of Gannett, the owner of USA TODAY and about 109 … Given that GateHouse and Gannett are the We seek to build trusted local communities where people thrive. USA Today owner Gannett merges with GateHouse Media to form massive newspaper company The deal, originally valued at $1.4 billion, has lost significant value in the wake of New Media’s … Pittsford, New York-based GateHouse, the operating subsidiary of New Media Investment Group, will combine with McLean, Virginia-based Gannett, the larger of the two companies, … GateHouse parent New Media Investment Group, owner of The Dispatch, is purchasing Gannett for the equivalent of $12.06 per share in cash and … New Media Investment Group Inc., the public parent company of GateHouse Media, has signed an agreement to acquire Gannett Co. Inc. GateHouse Media (the owner of The Houma Courier and The Daily Comet) is nearing a purchase of Gannett, according to The Wall Street Journal and other national media outlets who have covered the story. GateHouse parent New Media Investment Group is acquiring a controlling interest in Gannett, for an estimated $1.4 billion worth of cash and stock. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. Gannett's shares up 5.24% at $8.03. GateHouse’s $1.1 billion purchase of Gannett, the parent company of USA Today and more than 100 other media outlets, was announced in early August and completed Nov. 19. Uncover why Gatehouse Media/Gannett Media is the best company for you. It's now Gannett. Source: GateHouse Media. Gannett announced Executive Editor Alison Bath would resume leadership of the newspaper. The high debt load will exert downward pressure on wages and employment. GANNETT CO INC. Nov 2019 - Present1 year 2 months. Gannett Co. Inc. and GateHouse Media — two of the biggest newspaper chains in the U.S. — recently announced plans to merge.. Two of the nation’s biggest newspaper groups, Gannett and GateHouse Media… 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. As the new Gannett, we exist to make communities stronger. 2021 Best of Brevard Voting Round Example. The company operates in approximately 615 markets, according to its website. Its parent company, New Media Investment Group, merged with Gannett in 2019. Gatehouse Media is expected to take the Gannett name when the deal closes in the coming weeks. GateHouse Media, Inc., headquartered in Fairport, New York, is one of the largest publishers of locally based print and online media in the United … New Media's statement announcing the merger said that beside Reed, Bascobert and Gannett's CFO, Alison Engel, who will remain in her job, "t he rest of … More than 660,000 have a household income of $100,000 or more. The owner of GateHouse Media, New Media Investment Group, will acquire Gannett. GateHouse Media is gone. New Media Investment Group Inc., the public parent company of GateHouse Media, the owner of the New Jersey Herald, has signed an agreement to acquire Gannett Co. … GateHouse Media purchased Gannett in November 2019, but calling the merged operation Gannett. New Media Investment Group Inc., the public company parent of GateHouse Media, has signed an agreement to purchase Gannett, Co., Inc. GateHouse and its parent New Media Investment Group are ready to close a deal to acquire Gannett. The long and winding road to the GateHouse-Gannett merger — as told to the SEC Sections of a USA Today newspaper. Subscribe Now New York, New York, United States. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. GateHouse Media, the company that owns the Akron Beacon Journal and nine other Ohio newspapers, on Monday announced its long-planned acquisition of Gannett, creating the nation’s largest newspaper chain. One day after a Wall Street Journal article reported that Gannett, the No.
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