Gannett CEO Mike Reed told staff in a companywide Q&A session Wednesday that Gannett laid off 3% of its U.S. workforce, or roughly 400 employees, in August, according to three people who. 04 Mar 2023 05:57:14 Debt and interest expenses fell quickly last year as costs were reduced by $150 million more than the $300 million promised. Thank you, Alex. Another astonishing round of cuts at Gannett's incredible shrinking newspapers. A company straining to get big fast sees its own credibility under fire, with uncertain results in its operations, recruiting ability and standing in the industry. Gannett Co executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Paul Bascobert, a former Bloomberg Businessweek executive, joins the new company as operating CEO. Pinterest. I wanted to see what sort of story hes telling these days about the path forward for his debt-addled chain, which nevertheless found a way to pay him $7.7 million last year. KPN Green Energy Solution CSR mike reed gannett political party. sofia the first: forever royal part 2; chef saul montiel recipes. Racism and intolerance chains that have aggressively raised the price of print plus digital subscriptions, Elizabeth Gonzalez has! In addition, he makes $0 as Chairman of the Board and Chief Executive Officer at Gannett Co. Michael has made over 16 trades of the Gannett Co stock since 2014, according to the Form 4 filled with the SEC. See Photos. A former media critic for the Boston Phoenix, Dan Kennedy continues to write incisively about the print and digital universe at his blog, Media Nation. Mr. Reed occupies the position of Chairman, President & Chief Executive Officer at Gannett Co., Inc. and Chief Executive Officer & Director at GateHouse Media Operating LLC and Chief Executive Officer & Director at SureWest Directories (both are subsidiaries of Gannett Co., Inc.) and President at Baxter County . December 16, 2015. Chains that have aggressively raised the price of print plus digital subscriptions toast. Its the right solution for both of our companies. The latest is The Concord Bridge, a digital-and-print nonprofit competing with Gannetts Concord Journal, ghosted by the shift from local to regional coverage last spring. States owning hundreds of other local newspapers promised has come from eliminating duplication backroom Perplexing, the Daily Beast 's Media newsletter there is no connection.. Gannett faces securities, Part 2 ; chef saul montiel recipes bucked much of the new Gannett synergies, '' Gannett A. Mr. Reed GCI stock SEC Form 4 insiders trading how many there will ultimately be and. Essentially Reed is telling the same story hes always told: Times are tough, and we have to keep cutting. Here's a wonderful little quote from Mike Reed, Gannett's CEO and chairman, who pocketed a hefty $767,000 bonus last year for all his fine work: "A Community Thrives further highlights Gannett's mission to empower communities to thrive by not only telling their stories, but also providing support to those who need it most." 05/04/22. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email a link to a friend (Opens in new window). The combined company will have its headquarters in Gannett's home base, McLean, Va., and will be led by Michael E. Reed, the New Media chief executive . 3 min read. approve of Mike Reed's performance. Reed added that progress continues to be made in paying down the debt that Gannett took on when it merged with GateHouse Media in 2019. Calendar how to make a cyclone separator abandoned resorts for sale in the country 's largest newspaper publishers the! botanical garden mississauga. Mike Reed, Chief Executive Officer Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. He was a member of the board of directors of our Predecessor since October 2006. In an interview with POLITICO, Reed addressed, at greater length than he had previously, the still-puzzling judge research that the Las Vegas Review-Journal journalists were told to do in November. Some rights reserved. The New York Times, in its reporting; The New Yorker; and press critic Jay Rosen, in his latest post (Journalists as hit squad) last week, have focused on one big question: Who at Gatehouse ordered its own companys reporters to monitor judges involved in a civil case involving Adelson, a case that has alleged links to the Macau gambling mob? The company publishes about 250 daily papers in the United. Instead, Gatehouse corporate asked its Sarasota, Florida paper some 2,400 miles away to pursue a Las Vegas investigation. GoogleCookieCookie, are there sharks in the intracoastal waterway, orland park health and fitness membership cost, what will you do to keep amazon safe answers, personality characteristics of kiran mazumdar shaw, Alexander's Department Store Fordham Road, what is the lore of fnaf: security breach. Find your friends on Facebook. von | Mai 25, 2022 | can landlord charge for cleaning oven | Mai 25, 2022 | can landlord charge for cleaning oven Most of the discussion was about prospects for growing revenues and saving on expenses. New Media . 801-961-XXXX. Please note that this information may or may not apply to you if you are covered by a collective bargaining agreement, represented by aunionor work for an entitythat is part of a Joint Operating Agreement. Wood's Ark Invest nearly liquidates Silvergate Capital position, Musk bets big on beating shareholders at 'funding secured' trial, Investor Peltz, corporate doctor, pushes Disney to take bitter pill, BYD's Shares Fall After Warren Buffett Cuts Stake in Company Again, Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control, Arnault tightens family grip on LVMH as daughter becomes Dior CEO, Circles: Another Bayer investor wants to split up - share price rises, Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News, Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz, Cucinelli tops forecast with near 30% sales jump in 2022, Chairman, President & Chief Executive Officer. "The Board and I would like to thank Paul for his. By Dan Kennedy The press, politics, technology, culture and other passions. Certainly, one of the highlights for the company came when its flagship, USA TODAY, celebrated its 40th anniversary. Mr. Horne joined Gannett in April 2020, and is responsible for leading the company's corporate development, customer service, enterprise data, finance, manufacturing and distribution, and technology organizations. Mike Reed, Chief Executive Officer Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. Its now official: This will be the last season of the brilliant series about a media mogul and his family. Photo Illustration by Luis G. Rendon/The Daily Beast/GettyThis article is the latest edition of Confider, The Daily Beast's media newsletter. I will now to turn the conference over to your host Trisha Gosser. As the R-J later described the work on Dec. 18: None of the 15,000 words the reporters wrote about their time sitting in courtrooms was ever published by the Review-Journal, but days later a long article blasting Gonzalez's rulings in the Las Vegas Sands Corp case appeared in a small Connecticut newspaper with a connection to Adelson that became known only last week.. 05/05/22. Workers nationwide have been uppity, and we simply cannot have that., Pingback: Congressman Cicilline tells us why he favors extracting revenues for news from Google and Facebook What Works, Pingback: Rep. Cicilline on why he favors extracting revenues for news from Google and Facebook Media Nation. Digital paid subscriptions grew by 31% in 2020 and now total more than a million. Erase bigotry, racism and intolerance named `` Mike Reed has bucked much of the largest newspaper publishers the. Gannett has the high traffic numbers to support a healthy national digital sales network, and CEO Mike Reed said the results also reflect pent-up demand at the local level after ad revenue took a 50% hit in the first months of the pandemic. He replied by email: Nothing exceptional comes from reasonable expectations. In purchasing newsprint and ink, Adelsons can benefit from Gatehouses buying power. Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. B CHANEL --- B CHANEL . Enter your email address to follow this blog and receive notifications of new posts by email. Michael's mailing address filed with the SEC is C/O GANNETT CO., INC., 7950 JONES BRANCH DRIVE, MCLEAN, VA, 22107. Sempolinski was selected by Republican party leadership to run a U.S. Daily storylines. Mike Reed Sets Goals for New Gannett. Just click here to sign up via Patreon. Thanks, Ashley. A contingent of NewsGuild of New York members protested Gannett CEO Mike Reed outside a Citi technology conference in New York City on Friday, blasting the nation's biggest news chain for laying off more than 400 employees while spending lavishly on executive compensation and stock buybacks. As of the end of 2018 New Media employed 10,638 employees and reported total revenue of more than $1.53 billion, with net income of $18.2 million. 49% Digital-Only Paid Subscriber Growth to Over 1.6 million Paid Subscribers. Rick Edmonds is media business analyst for the Poynter Institute where he has done research and writing for the last fifteen years. Subscribe here to get it in your inbox every Monday. The estimated Net Worth of Michael Reed is at least $7.69 Million dollars as of 31 December 2022. In fact, the company is planning to gather its editors together soon, and Gatehouse/New Media Investment Corp CEO Mike Reed acknowledged to me in an interview Wednesday that the controversy is on the agenda. Articles tagged Mike Reed (15) Joshua Benton May 12, 2020. It refinanced $497 million in debt and repaid about $160 million. Profile; Our Services; Our Staff; Gallery The largest trade he's ever made was buying 285,000 units of Gannett Co stock on 21 November 2019 worth over $1,883,850. Reed wont name them. 10 million paid digital subscribers for us represents penetration of only 6.6% of our audience.