Read our profile on the United States government and media. Box 779Worthington, OH 43085614-406-5651info@gatehousemediapartners.com. As the new CEO in charge of the combined Gannett-GateHouse entity, Bascobert is drawing upon. [22], In November 2016, GateHouse announced the purchase of Harris Enterprises, based in Hutchinson, Kan., which operated six daily newspapers in Kansas and Iowa. [23] In February 2017, GateHouse purchased the Dix Communications newspaper chain for $21.2 million. The company has responded to the industrys revenue decline by making a series of acquisitions to bolster its revenue and gain scale while also shedding costs. It will be managed, under an agreement that lasts two more years, by Fortress Investment Group, a private equity firm in Manhattan. Select which emails and offers you wish to receive. This page was last edited on 15 December 2022, at 09:36. [31] The Beacon Journal is a daily newspaper tracing its storied, Pulitzer Prize-winning history to 1839's Summit Beacon, which early in the 20th century came under the editorship and ownership of publisher Charles Landon Knight, serving as the flagship newspaper of the Knight Newspaper Company, later known as Knight Ridder.[32]. The planned bankruptcy centered on restructuring the Fortress News Corp deal. [29], In March 2018, GateHouse announced its $47.5 million purchase of the Austin American-Statesman of Austin, Texas. As a subscriber, you have 10 gift articles to give each month. In August, Gannett, the parent company of USA Today and more than 100 other dailies, and New Media Investment Group, the owner of the newspaper chain GateHouse Media, announced their intention to join forces. He also has a diverse set of experiences outside of the news industry, including past roles as an engineer at General Motors and Whirlpool Corp. and as a co-founder of data analytics firm Vertex Partners. GateHouse Media's ownerand 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. National Labor Relations Board. GateHouse consolidated some business functions at a center in Austin, Texas, resulting in layoffs elsewhere, and laid off more than 100 newsroom employees in the spring. Frustration compounded by email notices which brings one to a story but then offers no way to log in to read, just a solicitation to purchase an already purchased subscription. Gatehouse Media Overview Work Here? Bill Church, Senior VP News; Liberty Group Publishing was formed in 1998 when Kenneth L. Serota, a former Hollinger International attorney with backing from Leonard Green & Partners, bought 160 community newspapers from Hollinger. After 17 years, we stand on our reputation of doing what we say we will do and more. These media sources are slight to moderately conservative in bias. I agree to receive promotional communication from GateHouse Media and its affiliates. GATEHOUSE MEDIA - Print Media - 254 2nd Ave, Needham, MA - Phone Number - Yelp GateHouse Media 7 reviews Unclaimed Print Media Frequently Asked Questions about GateHouse Media How is GateHouse Media rated? [25], In August 2017, GateHouse announced it was purchasing 11 daily newspapers, 30 weeklies, and other assets from Morris Publishing Group, a division of Morris Communications. The new company will go by the name Gannett. Etiam ultrices scelerisque enim, id interdum leo mollis sit amet. "We all pray that it works," said Nancy Whitmore, professor of communication at Butler University in Indianapolis, and an expert on media economics. Data privacy and security practices may vary based on your use, region, and age. Anyone can read what you share. Directions Advertisement. According to the complaint, defendant GateHouse Media Ohio Holdings II has effectively decreased the length of proposed class members' subscriptions, which have already been paid for, based on the supposed value of the premium editions and on subscription agreements that are "constantly being revised without notice" or consent from customers. New Media Investment Groups operator, Fortress Investment Group, is owned by Japanese conglomerate SoftBank, which is known for its investments in technology companies. Factual Reporting: HIGH Ad-Free Sign up I rely on the digital for backup if I can't retrieve the delivered newspaper or traveling without the printed version. Employees at GateHouse Media rank their Perks and Benefits lower than most, ranking them in the Bottom 10% of all similar sized companies with 10,000+ Employees on Comparably. Analysis / Bias More. While its mail is delivered from the Pittsford, NY 14534 post office, GateHouse's headquarters lie about a third of a mile east of the eastern border of, Last edited on 23 February 2023, at 23:45, U.S. Bankruptcy Court in Wilmington, Delaware, List of newspapers owned by GateHouse Media, "Gannett, Now Largest U.S. Independently, Gannett and GateHouse have been making progress attracting paid digital subscribers to partially make up for the loss of print subscribers in recent years. Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. Editorially, The Farmington Daily Times does not make Presidential endorsements; however, a review of op-eds shows that both sides are represented, such as this that favors the right: Opinion: Its time to increase US domestic energy production. The sale closed on Oct. 1, 2018, for $12.5 million. Subscribe today to gain access to every Research Intelligencer article we publish as well as the exclusive daily newsletter, full access to The MediaPost Cases, first-look research and daily insights from Joe Mandese, Editor in Chief. 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. Gatehouse Media Profile and History . This Groupon is valid for the following publications: The Enterprise, which serves the Brockton area seven days a week (a $241.80 value). Fair Use Policy Private equity firm Apollo Global Management provided a five-year secured loan worth of $1.792 billion to help finance the deal. Fortress will continue to operate New Media until the end of 2021 and has negotiated a breakup fee to step aside. "We urge readers to support us with a digital or print subscription, and we urge. News Foster's Daily Democrat. GateHouse Media, LLC November 4, 2022 You will need to link your app purchase in order to have full access to our app. [7], On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group, a group of 33 local newspapers, to Newcastle Investment Corp, an affiliate of Fortress, for $87 million. GateHouse Media is charged with billing customers for the Lens magazine $2 per issue, despite customers not requesting the magazine. [20] In February 2015, GateHouse purchased Stephens Media, which published newspapers mainly in Arkansas and Nevada, for $102.8 million. Paul Bascobert, former XO Group president, formerBloomberg LP chief operating officer and former Dow Jones chief marketing officer, was appointed CEO of the current Gannett. Privacy Policy. 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. It was the first publication in what would become a newspaper empire. 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. Twenty-five percent of newsroom employees were laid off between 2008 and 2018, according to the Pew Research Center. Facebook. Extension will extend subscription to the length it would have been if charges for premium editions had not been made; refund will consist of payment equal to the amount charged against their original subscription for the premium editions. 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. To inquire about group subscriptions or an enterprise site license for your firm, contact Customer Service. Readers can enjoy all the stories, photos and ads exactly as presented in print. Copyright 2023 Apple Inc. All rights reserved. Arrg . Mr. Reed said he would make newsroom decisions with the help of data that tracked reader interest and the output of journalists. GateHouse Media Inc. was an American publisher of locally based print and digital media. GateHouse -- the operating subsidiary of New Media Investment Group -- will combine with Gannett, the larger of the two companies, in a cash-and-stock deal that will be financed in part with. Both companies are dealingwith asharp decline in print revenue. Fortress was the entity that controlled New Media Investment Group, the parent of GateHouse Media. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. Subscribe to your choice of industry specific newsletters, save $100 on conferences, search member directories, comment on stories and more. National and international news comes from other Gannett publications and the Associated Press. 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. Traditional and digital media planner/buyer. [4] Immediately after the merger was finalized, all GateHouse Media URLs began redirecting to Gannett.com. I mean, just for context, theres 24,000 employees in the two companies, and a significant portion of the cost reductions are going to come from things other than people. And though they said the merger would enhance quality journalism, both companies have cut costs in recent years by laying off journalists. Email Address: Newsletters and Marketing Resources Stay up-to-date on the latest best practices, tips & tricks, e-books, infographics, and other marketing resources to help grow your business. GateHouses digital-only subscriptions rose 44% year-over-year to 174,000 in the first quarter. Gatehouse Media e-Billing Terms and Conditions . Apply. Traffic/Popularity: Minimal Traffic Always there when I need them and do anything I ask. Mr. Reed and Mr. Bascobert, who spoke with The New York Times at the USA Today office in Midtown Manhattan, said the savings they had in mind amounted to 8 percent of annual costs. Gatehouse Media Partners digital department has given our clients a competitive advantage in this now tradigital landscape.