Community Rules apply to all content you upload or otherwise submit to this site. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. This story has been shared 150,222 times. All of the papers the Guild represents that are owned by GateHouse have not had their wages increased in 8 to 10 years, says Melissa Nelson, director of collective bargaining for the NewsGuild-Communication Workers of America. The specter of Trump-related foreign ownership may be a misplaced apparition but it shouldnt obscure the real specter of a faster chain roll-up of newspaper ownership in America. Some rights reserved. Hours of work are 145 am to 1030 am seven days a week. Both CEO Mike Reed and CFO Greg Freiberg draw their compensation from Fortress; COO Kirk Davis is a New Media employee. 4 likes. Under terms of the agreement, the fee deal will sunset in two years. Fortress reaped lucrative management fees along the way to the tune of $21.8 million in 2018. With tough, disciplined management, it worked the littered newspaper landscape with great financial acumen, acting on the too-familiar story of excessive newspaper debt and finding the attractive availability of discounted newspaper bonds. 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 commissions, and tips. Checks are supposed to be sent out within 60 days of the settlements effective date. He said, "The new Gannett/Gatehouse CEO is getting $4.5 million in bonuses and stock just for walking in the door.Must be nice to be a newspaper executive." The new Gannett/Gatehouse CEO is getting $4.5 million in bonuses and stock just for walking in the door. Based on her account, delivery was started on 6/26/22 and . Find company research, competitor information, contact details & financial data for Gatehouse Media Oklahoma Holdings, Inc. of Ardmore, OK. Get the latest business insights from Dun & Bradstreet. 2023 Advance Local Media LLC. Is NORTHSTAR SPECIAL SERVICES, INC a Scam? How much does Gatehouse Media - Administrative Assistance in the United States pay? $330,000 Last Sold Price. When a person is charged with PPP loan scam charges, they can face multiple civil and criminal penalties. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. 7 reviews of GateHouse Media "Don't have the MetroWest Daily News home delivered! The Company publishes local newspaper, management structure, short biographies, and, articles, as well as offers marketing, and online . Its interesting that Gannett never declared bankruptcy but it is Gatehouse that is buying them, noted Ken Doctor, whose Newsonomics column predicted the deal would be unveiled on Monday. We don't just need solutions; we need the courage to imagine they will succeed, and the collective will to make them happen. More importantly, though, for the story of flagging local American journalism in a time of great societal stress, its a triumph of capital over community. Try searching for similar jobs, similar companies, or nearby cities. They find its dividend just increased to 35 cents per quarter attractive. If you have any questions about job openings, please dont hesitate to contact HR Manager Claus Svendsen at +45 2329 6207. The merger, which would combine Gannett with Gatehouses publicly traded New Media Investment Group, was formally unveiled Monday following months of negotiations. 62 E Broad St. Columbus, OH 43215-3503. . Its unclear how much stamina NEWMs investors will have for the strategy, though. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Generally, worker classification impacts things like whether a company must pay for unemployment insurance and workers compensation, withhold taxes and adhere to overtime laws. (614) 461-5000. While New Media must allocate income to profit, as do its peers, it must also allocate money to Fortress which, of course, would claim that its earning that payment. 4 Mar. Massachusetts Appeals Court rules against Gatehouse, says its newspaper carriers are employees. 2.5 Baths. That includes 40 jobs cut at the Providence Journal, a paper GateHouse bought from Belo in 2014. A world of community leadership as uneven as it really was over the decades has been quickly eroded. If you think GATEHOUSE MEDIA MARYLAND HOLDINGS INC has done something nefarious, then report them here using the review box at the bottom of the page. At the heart of most struggles for justice is the desire for a better world. We are looking for both new graduates and experienced developers. For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. They were approved on 05-05-2021 by the SBA for an amount of 535000 USD. As New Media Investment announced its annual financials Tuesday, we now have a better view of the company and its plans but before we get to that, lets pick apart that Softbank news. United States GateHouse USA Corp. 370 Jay Street, 7th Floor 11201 Brooklyn, NY. If all goes according to plan, America's two largest newspaper chains will become one by the end of the year. 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. Just click here to sign up via Patreon. New Media has bought up larger papers in Providence, Columbus, Sarasota, and Worcester, plus chains of multiple dailies, including 24 from Halifax Media (the old New York Times Regional Newspaper Group), eight dailies from Dow Jones Local Media Group and six from Stephens Media. | ref = {{harvid|Doctor|2017}} Highest Paying Job At Gatehouse Media Massachusetts I Inc, Highest Paying Department At Gatehouse Media Massachusetts I Inc. Find company research, competitor information, contact details & financial data for Gatehouse Media, LLC of Pittsford, NY. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. As of May 31, 2019, GateHouse Media publishes 156 daily newspapers and hundreds of . Read what they think about their salaries on our Compensation FAQ page for , Customer Service salaries - 3 salaries reported, Multimedia Sales Executive salaries - 2 salaries reported, Photographer salaries - 2 salaries reported, Printing Pressman salaries - 1 salaries reported, Page Designer/Copy Editor salaries - 1 salaries reported, Senior Editor salaries - 1 salaries reported, Customer Experience Manager salaries - 1 salaries reported, Copy Editor/Page Designer salaries - 1 salaries reported, Account Executive salaries - 1 salaries reported, Community Journalist salaries - 1 salaries reported, Digital Manager salaries - 1 salaries reported, Director IT salaries - 1 salaries reported, Marketing Director salaries - 1 salaries reported, Journalist salaries - 1 salaries reported, Sales Director salaries - 1 salaries reported, Staff Accountant salaries - 1 salaries reported. *Update:I have learned that the proposed settlement pertains to most but not all GateHouse Media papers in Eastern Massachusetts. The employee data is based on information from people who have self-reported their past or current employments at Gatehouse Media Massachusetts I Inc. None of the information on this page has been provided or approved by Gatehouse Media Massachusetts I Inc. Consequently, we can discount the would-be dot-connecting from Trump to Softbank to Fortress to GateHouse and all the confusion about who owns what in this saga. The Reverse Scooby-Doo theory of tech innovation comes with the excuses baked in, How will journalists use ChatGPT? Inquiries or questions regarding GateHouse Group or general GateHouse information? 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 publishes two daily newspapers, two weekly publications, and one monthly and one bi-monthly magazines in Rhode Island. The work schedule is brutal and not easy to get use to. The parent company of GateHouse Media earlier this month announced plans to buy Gannett in a $1.38 billion deal, which would make the company the largest newspaper publisher in the country. The parent company of GateHouse Media earlier this month announced plans to buy Gannett in a $1.38 billion deal, which would make the company the largest newspaper publisher in the country. 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. Box 779 Worthington, OH 43085 614-406-5651 info@gatehousemediapartners.com . Start making your online monthly payments today by creating your account below. Last modified February 23, 2017. P.O. Fri: 08.00 15.00 The legal documents in the case are posted here. The math adds up to about a $9,000 cut for some employees. A law enforcement officer is seen stationed outside of the Tarrant County Convention Center in downtown Fort Worth ahead of President Jimmy Carter's arrival for a luncheon on June 23, 1978. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). 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. Nieman Journalism Lab. 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. (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) Offer expires 9/30/19. 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. Doctor, K. (2017, Feb. 23). There is no record of GATEHOUSE MEDIA MARYLAND HOLDINGS INC committing any sort of PPP Scam reported anywhere. 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. Also in this issue, the Right's attempt to rewrite history in India, the Kurdish feminist revolution and is Ron DeSantis the next Trump . 370 Jay Street, 7th Floor 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. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. SOLD FEB 15, 2023. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. This will discontinue the policy of submitting Gatehouse Media checks/payments to town departments for processing. New Media is well positioned to take advantage of more great acquisition opportunities at attractive valuations in 2017. Its the remaining family newspaper companies, like the 119-year-old Dix Newspapers, that are taking the money and exiting the business. Gatehouse Media Massachusetts I Inc may also be known as or be related to Gatehouse Media Massachusetts I Inc. Work At Gatehouse Media Massachusetts I Inc? Submit Tip, GATEHOUSE MEDIA MARYLAND HOLDINGS INC claimed to use the loan towards salary for, PPP Loan details for GATEHOUSE MEDIA MARYLAND HOLDINGS INC, Demographic details for GATEHOUSE MEDIA MARYLAND HOLDINGS INC. You can face a penalty of up to 20 years behind bars. Eric Newton (@EricNewton1) February 18, 2017, Its a hell of a question. Media Nation is published under a Creative Commons Attribution- Noncommercial- Share Alike 4.0 United States License. Our daily email, with all the freshest future-of-journalism news. 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. Our tracking data currently support major global logistic operators creating transparency. Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. Its smallest are weeklies with barely more than 1,000 paid subscribers, such as the Bolton Common, the Norton Mirror, and the Georgetown Record.. Lets be clear: Management determines how much journalism their journalism companies actually produce. Its more than that though. How Much Does Gatehouse Media Massachusetts I Inc Pay? GateHouse Holding A/S: DK12948700 GateHouse Group A/S: DK43302078. GateHouse Media, Inc. provides publications services. GateHouse Media Inc. was an American publisher of locally based print and digital media. Try searching for similar jobs, similar companies, or nearby cities. 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. For more information, please contact Dan Kennedy at dan dot kennedy at northeastern dot edu. and can be safely. The Boston Herald is being sold to GateHouse Media for $4.5 million in cash, as publisher Patrick J. Purcell is giving up his long, expensive struggle to keep Boston's second-largest daily . VAT/CVR. Doctor, Ken. Ft. 117 Brook Hollow Ln, Red Oak, TX 75154. In some cases, GateHouse has encircled these family operations, and then offered just enough to close a sale. Enter your email address to follow this blog and receive notifications of new posts by email. Cookie Settings/Do Not Sell My Personal Information. No salaries for GateHouse Media Distribution Manager in Tallahassee, FL. SACKS, J. GateHouse Media must be doing extremely well since this year's bonuses are over a quarter of a million more than the company awarded in 2010. 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. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." The settlement does not require GateHouse to change its practices regarding how it pays, classifies or treats the drivers. GateHouse has hired a third-party firm to administer the settlement. 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 . Disclosure would be clearer and more prominent than it had beenpreviously. NOTE: Legal ads as written by each board/committee will still be submitted to Gatehouse Media by the individual board/committee- this change in payment policy effects only the billing ("Bill to: ") aspect of the legal advertising process. There is a significant gap between what Gatehouse Media Massachusetts I Inc pays the bottom 10 percent of earners and the top 10 percent of earners. It recently announced plans to consolidate 50 local weekly newspapers in Massachusetts into 18 regional papers. There was a lot of talk about limiting newsroom layoffs when GateHouse Media bought Gannett at the end of 2019. 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 . If you purchase a product or register for an account through one of the links on our site, we may receive compensation. One of the big winners in the deal is Fortress Capital, which took Gatehouse through a bankruptcy in 2013 that shed most of its debt. We, Yahoo, are part of the Yahoo family of brands. User experience and cybersecurity . GateHouse Media, Inc. (NYSEARCA:NYSEARCA:GHS) Q2 2008 Earnings Call August 8, 2008 10:00 AM ETExecutivesMark Maring - Investor RelationsMichael E. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. 2.4 Culture. Town of Hanover 550 Hanover Street, Hanover, MA 02339 781.826.5000Statement on Community InclusivenessWebsite Disclaimer Hours & Directions SubscribeGovernment Websites by CivicPlus . As Softbanks acquisition of New York City-based Fortress Investment Group was announced last week, it appeared, on the surface, as if the direction of more than 100 U.S. dailies would be in the hands of non-Americans. Many of GateHouse's Massachusetts papers are venerable, stretching back several . Now, backed with a further $130 million in raised equity, CEO Mike Reed said Tuesday the company intends to buy more. New Media Investment Group Inc., the parent of GateHouse Media, is buying Gannett Co. in a cash-and-stock transaction, the companies said Monday. GateHouse Maritime A/S: DK37439568 373 0. of Community Development and Municipal Inspections (CDMI) that requires the posting of a public hearing. You are wasting your money, as you'll never see your newspaper! saying The U.S. will become great again, Son offered. View and pay your monthly statements online for FREE when you pay by e-check (ACH), from your checking or savings account. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. But Fortress doesn't own New Media; its actual holding of about 74,000 shares out of New Media's 53 million amounts to less than 1 percent of the company. After eight years of litigation, GateHouse Media will pay up to $425,000 to settle a lawsuit with its newspaper carriers, who said they were misclassified as independent contractors. When . This has led to worry of widespread fraud (and a few highly-publicized cases of fraudulent PPP loan applications), and it has forced numerous federal agencies to turn their attention to combatting PPP loan fraud. Some SEC filings can help us find some clarity. . 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. [4] Under the agreement, subscribers may receive a refund or have their subscriptions extended if the proposed settlement is approved in Superior Court. Starting March 1, 2019,in regard to the payment of legal advertisements for public hearing notifications,Gatehouse Media will bill the fees for legals ads directly to the Applicant. The answer, of course, isnt singular. Newcastle . The newspaper and 10 others have been purchased by GateHouse Media in a transaction that closed Monday. Contact Information. Subscribers should send payments to Gannett Holdings LLC SE, PO Box 660238, Dallas, TX 75266-0238. . GateHouse, according to the proposed settlement, denies any wrongdoing on its part but agreed to the settlement based on the risks and potential cost of the litigation and the benefits of the proposed Settlement. Kirk Davis, GateHouses chief executive officer, declined to comment. Join the 60,000 who get the freshest future-of-journalism news in our daily email. 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. 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. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. These amounts were reported to the SBA by the company. Starting March 1, 2019, in regard to the payment of legal advertisements for public hearing notifications, Gatehouse Med . GateHouse Media. Locally, Gannett owns northern NJs Record and the Journal News in NYs Westchester and Rockland counties. 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. Over the weekend, Knight Foundation veteran Eric Newton asked a profound question on Twitter: Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty?. 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. Job Title. Average Gatehouse Media Massachusetts I Inc Salary. while finding money to pay off debts . View customer complaints of GateHouse Media, Inc, BBB helps resolve disputes with the services or products a business provides. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. IIAS intends to offer a platform where suspicious activities related to PPP loan can be shared and discussed in a secure environment. Under the terms of the settlement, GateHouse will pay up to $425,000. If you visit many GateHouse papers online right now,* youll see a Legal Notice linking to the settlement documents, which include instructions on how to file a claim. The managers and the investors are the victors, the readers and the journalists the losers. New Media will pay $6.25 in cash and 0.5427 New . Hanover was established in 1727, a little over 100 years after the Pilgrims landed in Plymouth, 17 miles to our south. Los Angeles Times correspondent Matt Pearce shared his thoughts on the pay package on Twitter. The community relies on everyone sharing. Web. Gatehouse Media, LLC CLAIM THIS BUSINESS. Nearby homes similar to 107 Gatehouse Dr have recently sold between $330K to $434K at an average of $155 per square foot. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Thats a better performance than its peers. The data presented on this page does not represent the view of Gatehouse Media Massachusetts I Inc and its employees or that of Zippia. the other two being Halifax Media Group and GateHouse Media. Lens carried acover price of $3.95, thoughsubscribers to the papers were assessed $2. If antitrust regulators approve the merger, GateHouse . The deal will formally close by the end of 2019. Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. On Jan. 12, Randall Stephenson, CEO of AT&T and would-be acquirer of CNN through its in-progress Time Warner purchase, paid a visit. Those add to its impressive reach: 19 million people through 564 community print publications, 489 websites, 476 mobile sites. This significant and troubling story described the merger of Gannett GateHouse Media, a . 2.3. In Illinois, she says, the company added to the financial misery. The drivers are barred by the settlement from speaking to the press about it. New Users. And Ian Donnis of Rhode Island Public Radio writes that GateHouse continues to hack away at The Providence Journal, and that layoffs may be coming. Just since the beginning of the year, numerous GateHouse papers have cut more newsroom staff in the single digits at smaller newsrooms as far-flung as the Springfield (Ill.) Register, Lakeland (Fla.) Ledger, Erie (Pa.) Times and Quincy (Mass.) Given the presidents promotion of CNN into the ranks of very fake news and his senior advisor Jared Kushners recent brash critique of the station to Time Warner execs, thats a different sort of handshake to watch. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. As of June 14, 177 of the 553 newspaper carriers who were eligible for money had submitted claims, according to court documents. GateHouse Media. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) Nieman Journalism Lab. Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. In the satellite business, we develop our test and verification capabilities in close cooperation with leading satellite operators, and to support this path we are looking for software developers that master complex communications scenarios. Even a single PPP loan fraud case might involve multiple criminal laws. 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. {{cite web We are looking forward to assisting you. Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. One of the Big Apple's largest office building owners is gearing up to stop loan payments on several older properties, calling some "obsolete" in a post-pandemic world, according to a report in the Financial Times. Location. Clues from a newsroom thats been using AI for years. We are hiring continually as the right candidates appear. The settlement Class covers persons who, between April 1, 2014 and March 21, 2017: Resided in Massachusetts; Purchased a subscription to a GateHouse Media publication from GateHouse Media; Received one or more Premium Edition publications; Were charged a surcharge for the Premium Editions; and. Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? As one savvy industry insider observed to me: Its the same plan as Tronc and Gannett they are just far better and more disciplined at making it work.. The lowest-paid workers at Gatehouse Media Massachusetts I Inc make less than $27,000 a year, while the highest-paid workers earn over $61,000. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. In the companys just-filed Securities and Exchange Commission 10-K, Fortress earned $9.8 million in management fees and $9.6 million in incentive compensation, amounting to that total of $19.4 million.