Newsonomics: Here are 10 storylines well be talking about into 2017, Newsonomics: The financialization of news is dimming the lights of the local press, the financialization of the ownership of American dailies, The newsonomics of the new Chattanooga (Events) Choo-Choo, New Media CEO Mike Reed and COO Kirk Davis, Tribune gets Troncked: A readers guide to the Tribune/Gannett war, Newsonomics: The new Knight-Lenfest initiative gives a kick in the pants to Americas metro newspapers. of Community Development and Municipal Inspections (CDMI) that requires the posting of a public hearing. 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. The cost is $5 a month. We will make the latest version of our terms available for you to read at all times. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. 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. In some cases, GateHouse has encircled these family operations, and then offered just enough to close a sale. 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. GateHouse Maritime A/S: DK37439568 The Reverse Scooby-Doo theory of tech innovation comes with the excuses baked in, How will journalists use ChatGPT? Furthermore, GateHouse is closed on December 31. Gatehouse Media Massachusetts I Inc pays an average of $41,376 per year, or $19.89 an hour. GateHouse Group A/S: DK43302078, GateHouse SatCom A/S: DK26040299 Cookie Settings/Do Not Sell My Personal Information. Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? How much do Gatehouse Media employees make? Los Angeles Times correspondent Matt Pearce shared his thoughts on the pay package on Twitter. GateHouse Group 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. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. 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). Fortress reaped lucrative management fees along the way to the tune of $21.8 million in 2018. As recently, as three weeks ago, New Media bought five daily Dix newspaper properties in northeastern Ohio. 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. 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. Furthermore, GateHouse is closed on December 31. Gannett, the owner of the Argus Leader in Sioux Falls, USA TODAY and more than 100 local newspapers in the United States, has agreed to merge with GateHouse Media, the owner of two South . Media Nation is published under a Creative Commons Attribution- Noncommercial- Share Alike 4.0 United States License. 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. GateHouse owns numerous Massachusetts newspapers in addition to the Patriot Ledger, including the Cape Cod Times, the Worcester Telegram & Gazette, the MetroWest Daily News and the New Bedford Standard-Times. 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. New Media will pay $6.25 in cash and 0.5427 New . 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. 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. A trial court judge ruled that because the drivers were doing work that was part of the ordinary course of GateHouses business, they should be considered employees. Similar Businesses Nearby Try searching for similar jobs, similar companies, or nearby cities. . 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GateHouse Media Inc. was an American publisher of locally based print and digital media. The managers and the investors are the victors, the readers and the journalists the losers. Please support this free blog by becoming a member of Media Nation. Sign In . Try searching for similar jobs, similar companies, or nearby cities. Lets be clear: This is a very, very small matter. A free inside look at Gatehouse Media salary trends based on 47 salaries wages for 40 jobs at Gatehouse Media. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. 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 . King died while the lawsuit is ongoing, and the administrator of his estate, Suzanne Carey, replaced King as the named plaintiff. The money was extracted by shortening the length of 552a (the Privacy Act) and is published unmodified, as provided by the SBA. In Illinois, she says, the company added to the financial misery. COO Kirk Davis isn't far behind Reed. GateHouse Media. GateHouse's largest papers include such familiar titles as the Patriot Ledger of Quincy, the MetroWest Daily News of Framingham, and the Enterprise of Brockton. The court never explicitly ordered GateHouse to reclassify the drivers because the two sides reached a settlement while litigation was still ongoing. Ratings by category. For Fortress, newspapers now a classic distressed industry offered a chance for good profit, using the reliable roll-up-and-cut methodology at the root of its industry. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. Is NORTHSTAR SPECIAL SERVICES, INC a Scam? Get the latest business insights from Dun & Bradstreet. If you have any questions, please contact Sandy MacFarlane or Derek Vozzella at 781-826-6505. For that work, it gets paid, and we'll do that . What do they think they know? Try searching for similar jobs, similar companies, or nearby cities. *Offer extended only new digital advertisers. 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. The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people dont lose their employment. Thats a good business story. Gatehouse media publishes two daily newspapers, two weekly publications, and one monthly and one bi-monthly magazines in Rhode Island. Gatehouse Media Massachusetts I Inc in Fall River, MA received a Paycheck Protection Loan of $387,500 through HSBC Bank USA, National Association, which was approved in April, 2021. If you have any questions about job openings, please dont hesitate to contact HR Manager Claus Svendsen at +45 2329 6207. But Fortress doesnt own New Media; its actual holding of about 74,000 shares out of New Medias 53 million amounts to less than 1 percent of the company. 4 %. It recently announced plans to consolidate 50 local weekly newspapers in Massachusetts into 18 regional papers. If we stay on the current trajectory, its utterly plausible that AI language tools will begin to blend into our daily workflows, similar to how Google and Google Translate have. Mark Batten, an attorney for GateHouse, said he was not allowed to comment on the settlement. This employer has not claimed their Employer Profile and is missing out on connecting with our community. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. We look for new software developers to build new tracking features for the maritime industry. 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. Its unclear how much stamina NEWMs investors will have for the strategy, though. 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 . 2,097 Sq. During round 1 of the paycheck protection program, GATEHOUSE MEDIA MARYLAND HOLDINGS INC requested a PPP loan for 535000 USD. 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. 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. The two sides ultimately reached a settlement, which was approved June 28 by Norfolk Superior Court Judge Diane Freniere. 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 SatCom A/S: DK26040299 Massachusetts Appeals Court rules against Gatehouse, says its newspaper carriers are employees. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. No salaries for GateHouse Media Distribution Manager in Tallahassee, FL. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. Your trust is our top concern, so companies can't alter or remove reviews. No salaries for GateHouse Media Internal Audit in Poughkeepsie, NY. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. Try this app, Those meddling kids! 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. Under the settlement, GateHouse continues to deny any wrongdoing. 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. make payments. The authorities have been rather vigilant in finding people who committed, Yes. Under terms of the agreement, the fee deal will sunset in two years. 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. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." Reed noted Tuesday that the company plans to cut an additional $27 million in 2017, an amount of money not far from Fortress annual payout. 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. 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. 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. 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. Its more than that though. VAT/CVR. United States 287 reviews. GateHouse Media reserves the right to alter these terms and conditions by posting new terms and conditions, communicating them via e-mail or through the Customer Service Portal, or by otherwise communicating them. Strmmen 6 Our rating on GATEHOUSE MEDIA MARYLAND HOLDINGS INC is based on multiple factors, including publicly available information, reviews and user notifications. The company reported a more-than-50-percent drop in both net income and earnings-per-share for 2016. 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). Clear. Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. Lets be clear: Management determines how much journalism their journalism companies actually produce. GateHouse Media to condense 50 weekly Massachusetts newspapers into 18. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. 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. The looting of the Covid relief plan known as PPP, 22 people charged in connection with a multi-million dollar Paycheck Protection Program fraud scheme, Small Businesses Are Being Hit by PPP Loan Scams, 15% of Paycheck Protection Program Loans Could Be Fraudulent, Study Shows, Man Passes Out After Hes Found Guilty of PPP Loan Fraud, Cape Coral woman pleads guilty to PPP loan fraud, accused of using money for a pool, PPP Loan Scams: 900 open criminal investigations, 100 arrested so far, Bank Fraud Involving PPP Loans Could Lead to Prison Time, Even for Relatively Small Advances, Money from the COVID Paycheck Protection Program was allegedly largely misspent, Florida Man Charged With PPP Loan Fraud After Allegedly Misusing Millions To Buy Luxury Goods. We've received your submission. Denmark Businesses who took out these loans could spend the borrowed sum on: Federal authorities are aggressively targeting individuals and companies for PPP loan fraud. Simpson did not return calls. 62 E Broad St. Columbus, OH 43215-3503. The legal documents in the case are posted here. 54 (b), 365 Mass. action, pleaes click here. Keenholtz,of Marblehead, and Dorothy Guillicksen, of Hanover, are the plaintiffs named in the class-action suit. 7 reviews of GateHouse Media "Don't have the MetroWest Daily News home delivered! (CET during winter and CEST during summer). The math adds up to about a $9,000 cut for some employees. [4] GATEHOUSE MEDIA MARYLAND HOLDINGS INC took out a PPP loan worth $535000 for Payroll Processing for it's 54 employees. A year ago I wrote about the Lens ployhereand here. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. Under the terms of the settlement, GateHouse will pay up to $425,000. The deal will formally close by the end of 2019. | date = 23 February 2017 {{cite web Advertising fees to be billed directly to Applicant by Gatehouse Media. 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. Get Directions. 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. Start making your online monthly payments today by creating your account below. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. 2.9 Work-Life Balance. By the terms of its agreement to manage the company, Fortress earned $19.4 million in compensation last year from New Media, based on the conventional private equity standards of a management fee of 1.5 percent of New Medias total equity and incentive compensation. Each acquisition increases that total equity, providing a compelling rationale for more buying of newspapers. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. We are looking for both new graduates and experienced developers. It invokes, Finally, when you commit a PPP loan scam, you violate. Ft. 117 Brook Hollow Ln, Red Oak, TX 75154. 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. We look for new software developers to build new tracking features for the maritime industry. How much do Gatehouse Media employees make? For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. The case went up to the Appeals Court, which ruled in 2018 in favor of the newspaper carriers. At best, GateHouse puts together a cluster of newspapers best for cost-cutting efficiency and consolidation and takes over a newer printing operation that it can use for centralized, again more cost-efficient, publishing. SACKS, J. Instead of being billed for the additional Premium . And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. See Gatehouse Media salaries collected directly from employees and jobs on Indeed. Full time work week is 77.50 hours per week. 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? There is no record of GATEHOUSE MEDIA MARYLAND HOLDINGS INC committing any sort of PPP Scam reported anywhere. How much does Gatehouse Media in the United States pay? Even a single PPP loan fraud case might involve multiple criminal laws. Password protected. 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. P.O. 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. 370 Jay Street, 7th Floor As tax-payers, we need to hold businesses accountable and ask serious questions. GateHouse Media. 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. It invokes, Bank fraud charges might also be filed against you. 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. Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee), Employee allowances (sick leaves, medical, parental, and vacation pay), The first charge would be wire fraud. Locally, Gannett owns northern NJs Record and the Journal News in NYs Westchester and Rockland counties. 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. 2.4 Culture. Start of main content. view full report. Accessed March 4, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. Patriot Ledger. Also in this issue, the Right's attempt to rewrite history in India, the Kurdish feminist revolution and is Ron DeSantis the next Trump . New Media agreed to fork over $46 million to A.H. Belo Corp. for the ProJo. The employee data is based on information from people who have self-reported their past or current employments at Gatehouse Media Massachusetts I Inc. Half of GateHouse Media salaries are above $121,052. 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 . The company also made headlines locally in May when it reduced the editorial staff of Worcester Magazine to a single reporter. According to court documents, the settlementis scheduled to be finalized on Aug. 1. 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. Last modified February 23, 2017. 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. while finding money to pay off debts . Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. 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. New Media Investment Group, a holding company that controls GateHouse Media, announced that it had agreed to buy Gannett, the owner of USA Today and more than 100 other publications nationwide, in .