In August 2019, Gatehouse Media purchased and merged with Gannett becoming the largest newspaper chain in the USA. Another large newspaper chain, MediaNews Group, is owned by a hedge fund, Alden Global Capital. 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 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. In the same month, GateHouse announced its $49.25 million purchase of The Palm Beach Post and Palm Beach Daily News from Cox Media Group, LLC. Free to qualified media, marketing and advertising. 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 owner and Detroit Free Press owner Gannett have agreed to merge in a deal aimed at cutting costs and enabling digital growth. 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. Now a part-time resident of the Rochester, N.Y., area, Mr. Reed noted that the new incarnation of Gannett would have two publications in that part of the world: The Daily Messenger, in Canandaigua, formerly a GateHouse publication, and The Democrat and Chronicle, a longtime Gannett daily in Rochester. By registering for e-billing or paperless billing, you agree to accept and be bound by the terms . 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. All of the following are weekly newspapers in Massachusetts: Metro Boston (city neighborhoods and adjoining suburbs), North of Boston (the Massachusetts North Shore), Northwest of Boston (northern Middlesex County and northeastern Worcester County), South of Boston (the Massachusetts South Shore and South Coast), West of Boston (MetroWest, with adjacent portions of Bristol and Norfolk counties), GateHouse publishes nine dailies and four weekly newspapers in Michigan, plus several shoppers (not listed) related to its newspaper properties:[5], GateHouse publishes one daily newspaper and nine weeklies in Minnesota, in addition to several shoppers (not listed) associated with its newspaper properties:[5], GateHouse publishes 13 dailies and eight weeklies in Missouri, in addition to several shoppers (not listed) associated with its newspaper properties:[5], GateHouse publishes eight daily newspapers and 13 weeklies in Upstate New York, as well as several shopper publications (not listed) associated with its newspaper properties:[5], GateHouse publishes four dailies, numerous weeklies, along with assorted shoppers and specialty publications (not all listed), in Franklin, Delaware, Licking, Fairfield, Union, Summit County and Tuscarawas counties, in Ohio:[5], GateHouse publishes five daily, four weekly and five shopper newspapers in Oklahoma:[1], GateHouse publishes one daily newspaper in Oregon:[5], GateHouse publishes three daily newspapers and three weeklies in Pennsylvania, and one of each in West Virginia, clustered in two groups of four:[5], South Central Pennsylvania and West Virginia, Gatehouse media publishes two daily newspapers, two weekly publications, and one monthly and one bi-monthly magazines in Rhode Island. 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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. The new company will go by the name Gannett. Their mission is to make learning to read accessible, enjoyable and, above all, age-appropriate. 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. [23] In February 2017, GateHouse purchased the Dix Communications newspaper chain for $21.2 million. We look for new software developers to build new tracking features for the maritime industry. Gannett has let go dozens of journalists, including prominent sportswriters and a Pulitzer Prize-winning cartoonist. "Our mission is first and foremost to serve the community as we have for more than a century," Offill said. 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. GateHouse is anticipated to spend a sizeable amount of time and resources on the initiative. News More ways to shop: Find an Apple Store or other retailer near you. Private equity firm Apollo Global Management provided a five-year secured loan worth of $1.792 billion to help finance the deal. 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. The companies estimated they can save $275 million to $300 million in annual costs within 24 months. [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. New Media Investment Group, a publicly traded company with headquarters near Rochester, N.Y., has put money into journalism through GateHouse Media. The acquisition is expected to closearound the end of the year. 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. 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. 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. We are honored to become a part of Gannetts storied history and a steward of their strong media properties into the future, Mr. Reed, the New Media executive, said in the statement. GateHouse publishes five daily newspapers and six paid weeklies[1]in California, in addition to nine free weeklies and shopper publications(not listed) associated with its newspaper products, and the Local Yellow Pagesin Sacramento:[5] Daily Pressof Victorville The Daily Independent[19]of Ridgecrest Desert Dispatch,[20]daily, of Victorville Free to qualified media, marketing and advertising professionals. 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. In the name of "efficiency" they outsource the work of editing and page and ad design to a center in Austin, Texas. Our tracking data currently support major global logistic operators creating transparency. The strategies and lessons learned during development Gatehouse Media Profile and History . The sale closed on Oct. 1, 2018, for $12.5 million. Bascobert will serve as CEO of the combined Gannett-GateHouse subsidiary, while Reed will remain at the top of the umbrella company, which will also take on the name Gannett. They report local news with minimal loaded emotional language Flora Vista couple arrested, accused of child abuse. Gannetts publications include the Detroit Free Press, Arizona Republic, Indianapolis Star and Milwaukee Journal Sentinel.