GateHouse Media Inc. was an American publisher of locally based print and digital media. The answer, of course, isnt singular. GateHouse Media, Inc. provides publications services. It calls for Gannetts shareholders to receive $6.25 in cash and 0.5427 worth of New Media shares for each share of Gannett. 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. Publishers may have to run two to three (or more) newspaper titles, and theyre judged not by their community participation but by the monthly revenue totals. While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. The legal documents in the case are posted here. The legal documents in the case are posted here. If you have any questions, please contact Sandy MacFarlane or Derek Vozzella at 781-826-6505. Softbank CEO Masayoshi Son had been one of the first chief executives to make the trek to Trump Tower in December, to pay fealty to the incoming president. View customer complaints of GateHouse Media, Inc, BBB helps resolve disputes with the services or products a business provides. 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. Doctor, K. (2017, Feb. 23). New Media agreed to fork over $46 million to A.H. Belo Corp. for the ProJo. Its more than that though. 2.4 Management. Under the terms of the settlement, GateHouse will pay up to $425,000. (CET during winter and CEST during summer). 2.5 Pay & Benefits. 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. . The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people dont lose their employment. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. Gatehouse Media Partners. GateHouse Media. From the time I learned about it, I was astounded that GateHouse would go to the trouble of hitting subscribers with an activation fee and charging them for publications they hadnt asked for and didnt want. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." GATEHOUSE MEDIA MARYLAND HOLDINGS INC applied and was granted a PPP loan, GATEHOUSE MEDIA MARYLAND HOLDINGS INC is located in Hagerstown,MD, As per GATEHOUSE MEDIA MARYLAND HOLDINGS INC, 535000 USD went towards payroll proceeds, HSBC Bank USA, National Association in MCLEAN,VA financed GATEHOUSE MEDIA MARYLAND HOLDINGS INCs PPP Loan. " Good people and good clients" (in 3 reviews) "They let certain employees who were known for bad management slide by." (in 5 reviews) " Bad pay, low morale, hard to move upwards" (in 3 reviews) When . Simpson did not return calls. GateHouse Group Gatehouse Media employees attributed a compensation and benefits rating of 2.5/5 stars to their company. Full time work week is 77.50 hours per week. 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. GateHouse has hired a third-party firm to administer the settlement. 4 Mar. Accessed March 4, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. No salaries for GateHouse Media Distribution Manager in Tallahassee, FL. As 12-decade-old newspaper companies get sucked up and shrunken by financial managers sending what seem to be outrageous profits as far off as Tokyo, the whole notion of newspaper executive leadership has ebbed away. 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. Newsletters and Marketing Resources. Its unclear how much stamina NEWMs investors will have for the strategy, though. The managers and the investors are the victors, the readers and the journalists the losers. 2.3. Email this Business. We are looking for both new graduates and experienced developers. New talents are needed at GateHouse. The merger, which would combine Gannett with Gatehouses publicly traded New Media Investment Group, was formally unveiled Monday following months of negotiations. Mon Thurs: 08.00 16.00 Instead of being billed for the additional Premium . This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. Those numbers may have knocked about 4 percent off the share price this week. Meet the first-ever artificial intelligence editor at the Financial Times. Plus, as feels universally true in these bewildering times, there appeared to even be a link to Donald Trump. IsItaScam.com does not modify the data and makes no claims regarding its accuracy, nor will entertain any request to remove any entry. (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) We look for new software developers to build new tracking features for the maritime industry. Enter your email address to follow this blog and receive notifications of new posts by email. That's a pretty steep sum for a once-great paper that's now a shadow of its former self, with a daily circulation of . Our tracking data currently support major global logistic operators creating transparency. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. Is PPP Loan Fraud The Largest Fraud Of All Time? Salaries posted anonymously by Gatehouse Media employees. In Illinois, she says, the company added to the financial misery. As we have discussed earlier, GATEHOUSE MEDIA MARYLAND HOLDINGS INC received a substantial amount of money through the SBA program. More Local News to Love Start today for 50% off Expires 3/6/23. Doctor, Ken. This will discontinue the policy of submitting Gatehouse Media checks/payments to town departments for processing. Some SEC filings can help us find some clarity. 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. Newcastle . Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. The plan, set to begin Monday, will affect weekly papers, according to an internal memo posted online by Dan Kennedy, a Northeastern University professor, and Media Nation blogger. 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. Make no mistake: The New Media playbook has been executed well. AUGUSTA, Ga. Morris Communications will sell its 11 daily newspapers and other publications in those markets to New Media Investment Group, the parent company of GateHouse Media Inc., the . view full report. Some rights reserved. How much do Gatehouse Media employees make? This story has been shared 150,222 times. 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. | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ You are wasting your money, as you'll never see your newspaper! 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 long-rumored merger of Gannett's 110 dailies and GateHouse's 156 was announced this afternoon by both companies. If you have any questions about job openings, please dont hesitate to contact HR Manager Claus Svendsen at +45 2329 6207. The rest of the money will be split among the drivers who submitted claim forms. If antitrust regulators approve the merger, GateHouse . Gatehouse Media Massachusetts I Inc pays an average of $41,376 per year, or $19.89 an hour. For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. Is NORTHSTAR SPECIAL SERVICES, INC a Scam? 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?. New York Observer, 5/15/2015, Dan Kennedy exercises the bloggers imperative to bloviate beyond his expertise. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. GateHouse SatCom A/S: DK26040299 Subscribers should send payments to Gannett Holdings LLC SE, PO Box 660238, Dallas, TX 75266-0238. . 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. VAT/CVR. GateHouse Media is the largest publisher of locally-based print and online media in the United States. Sign In . Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. Zippia gives an in-depth look into the details of Gatehouse Media Massachusetts I Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Gatehouse Media Massachusetts I Inc. With assumption of Gannett debt, Apollo Global Management will supply all $1.792 billion in financing, which one source told The Post was at a sky-high 11.5 percent interest rate. Gatehouse Media Massachusetts I Inc Salaries, To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). GateHousewould also continue to charge a $4.95 activation fee for new subscribers. Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. King died while the lawsuit is ongoing, and the administrator of his estate, Suzanne Carey, replaced King as the named plaintiff. Boston Globe, 11/30/2008. In fact, with Softbanks leading edge now becoming its $100 billion tech-future-oriented Vision Fund, this old-world management contract would seem to be something of a (profitable) anomaly. A year ago I wrote about the Lens ployhereand here. Inquiries or questions regarding GateHouse Group or general GateHouse information? Thats a good business story. User experience and cybersecurity are paramount for us. A Massachusetts Appeals Court has ruled that newspaper carriers for Gatehouse must be classified as employees, not independent contractors. GateHouse Maritime A/S: DK37439568 Starting March 1, 2019, in regard to the payment of legal advertisements for public hearing notifications, Gatehouse Med It does, however, manage and control New Media, an investment vehicle it created out of GateHouse Medias 2013 $1.2 billion bankruptcy. GateHouse Holding A/S: DK12948700 GateHouse Group A/S: DK43302078. Contact Information. 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. All rights reserved. The data presented on this page does not represent the view of Gatehouse Media Massachusetts I Inc and its employees or that of Zippia. . View and pay your monthly statements online for FREE when you pay by e-check (ACH), from your checking or savings account. 2023 Advance Local Media LLC. That money, according to Fortress, has come from three sources: cash flow from operations, equity issued to NEWM public shareholders, and a regular term loan the company put in place with banks. The company will retain the Gannett name and the companys McLean., Va., headquarters. In this ever-toughening local newspaper environment, even New Media Investment Group walks a thin tightrope, further proving that single-class public companies serve the needs of transitioning news efforts poorly. Under terms of the agreement, the fee deal will sunset in two years. GateHouse Group A/S: DK43302078, GateHouse SatCom A/S: DK26040299 Is the bloom off this fast-growing flower? 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. 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. Even a single PPP loan fraud case might involve multiple criminal laws. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? As Fortress restructured, it began put together its investment pools four years ago. Its parent company, New Media Investment Group, merged with Gannett in 2019. Our daily email, with all the freshest future-of-journalism news. Highest Paying Job At Gatehouse Media Massachusetts I Inc, Highest Paying Department At Gatehouse Media Massachusetts I Inc. How much does Gatehouse Media in the United States pay? Nearby homes similar to 107 Gatehouse Dr have recently sold between $330K to $434K at an average of $155 per square foot. I agree to receive promotional communication from GateHouse Media and its affiliates. Try searching for similar jobs, similar companies, or nearby cities. None of the information on this page has been provided or approved by Gatehouse Media Massachusetts I Inc. Furthermore, GateHouse is closed on December 31. If all goes according to plan, America's two largest newspaper chains will become one by the end of the year. Community Development and Municipal Inspections, Center/Sylvester School Building Committee, WaterSmart MS4 Sediment and Erosion Control Poster. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) The above are just two instances of people getting caught by the authorities for this scam. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Gatehouse Media. SOLD FEB 15, 2023. New Users. The math adds up to about a $9,000 cut for some employees. Gatehouse owns mostly smaller papers. We, Yahoo, are part of the Yahoo family of brands. It invokes, A PPP loan fraud also includes making false statements to a financial institution, a federal crime. | first = Ken The carriers argued that, under state law, drivers should be classified as employees, not independent contractors. 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. 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 to condense 50 weekly Massachusetts newspapers into 18. You call them and they tell you, sure we will have the billing department call you, sure we will put a note in for the carrier to put your paper on the porch, sure we will have a manager call you . 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. Offer expires 9/30/19. Value of Showcase ad is $600. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. 2.4 Culture. Defendant GateHouse Media Massachusetts I, Inc. (GateHouse), publisher of the Patriot Ledger newspaper, appeals from a separate and final judgment under Mass.R.Civ.P. Apple News too corporate for you? If you have competences and qualifications that could match GateHouse please send your application. Password protected. 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. computer. 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. Job Title. There is no record of GATEHOUSE MEDIA MARYLAND HOLDINGS INC committing any sort of PPP Scam reported anywhere. Cookie Settings/Do Not Sell My Personal Information. PPP Loan # 6890988904. Happiness rating is 48 out of 100 48 Visit Website. 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. We have maintained our "country town" atmosphere over the years, yet combined it with the convenience of shopping malls, light industry, and, of course, technology. These amounts were reported to the SBA by the company. The Nieman Journalism Lab is a collaborative attempt to figure out how quality journalism can survive and thrive in the Internet age. A world of community leadership as uneven as it really was over the decades has been quickly eroded. and can be safely. 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 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. Please be aware that listing the correct mailing address for all Applicants is essential to avoid delays in the public hearing process. New York Times CEO Mark Thompson sparred with Trump on his year-end call, but Newtons point is right on: There are CEOs of major media companies (and companies that own media companies) employing many tens of thousands of workers who are being called dishonest. And if youre the CEO of one of the chains, youre probably far more interested in the increased chances of cross-ownership. In the laissez-faire regulation environment taking shape under Trump, newspaper publishers and local broadcasters may well for the first time be able to combine their enterprises. Lets be clear: This is a very, very small matter. Word of an overall 4.6 percent budget cut across the chain is rifling through company. Whats clear, though, is that the company plans to extend its strategy buy more papers, monetize those readers better through Propel and other initiatives, and continue to cut, cut, cut those newsroom staffs. An ominous merger of the nation's two largest newspaper chains was buried in the business pages this week. Our tracking data currently support major global logistic operators creating transparency. 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. Its not the only playbook out there, but its the most used. It's Secure. As of May 31, 2019, GateHouse Media publishes 156 daily newspapers and hundreds of . The community relies on everyone sharing. 54 (b), 365 Mass. The deal to merge Gatehouse with Gannett already the biggest newspaper chain in the country in terms of circulation will form a behemoth that will operate more than 250 daily papers, or one-sixth of all newspapers in the country. Strmmen 6 Advertising fees to be billed directly to Applicant by Gatehouse Media. Disclosure would be clearer and more prominent than it had beenpreviously. Stay up-to-date on the latest best practices, tips & tricks, e-books, infographics, and other marketing resources to help grow your business. About us. Those nice dividend checks mean fewer journalist paychecks. The company reported a more-than-50-percent drop in both net income and earnings-per-share for 2016. Hanover was established in 1727, a little over 100 years after the Pilgrims landed in Plymouth, 17 miles to our south. The authorities have been rather vigilant in finding people who committed, Yes. 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. while finding money to pay off debts . If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Community Rules apply to all content you upload or otherwise submit to this site. As recently, as three weeks ago, New Media bought five daily Dix newspaper properties in northeastern Ohio. GateHouse Media, Inc. (NYSEARCA:NYSEARCA:GHS) Q2 2008 Earnings Call August 8, 2008 10:00 AM ETExecutivesMark Maring - Investor RelationsMichael E. Both CEO Mike Reed and CFO Greg Freiberg draw their compensation from Fortress; COO Kirk Davis is a New Media employee. NEW YORK (AP) Just a week after announcing its $1.4 billion acquisition of Gannett, GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the future awaiting employees of what will become the largest U.S. newspaper company.. GateHouse and Gannett say the merger will allow GateHouse to accelerate its newspapers' move to digital while . Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. 500 SUNSET AVE ASHEBORO, NC 27203 Get Directions (336) 626-6103. www.gatehousemedia.com . 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. Lets be clear: Management determines how much journalism their journalism companies actually produce. GATEHOUSE MEDIA MARYLAND HOLDINGS INC is a Corporation located at Hagerstown, MD with 54 employees. Join the 60,000 who get the freshest future-of-journalism news in our daily email. To be sure, theres a chill in the air, and courage isnt easy to come by. 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. The work schedule is brutal and not easy to get use to. 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. At the heart of most struggles for justice is the desire for a better world. 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 . 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 . Start making your online monthly payments today by creating your account below. Nieman Journalism Lab.