. It recently announced plans to consolidate 50 local weekly newspapers in Massachusetts into 18 regional papers. Thats about a tenth of all the 1,375 dailies in the country. Strmmen 6 "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." The money was extracted by shortening the length of customers subscriptions. The long-rumored merger of Gannett's 110 dailies and GateHouse's 156 was announced this afternoon by both companies. {{cite web Get Directions. GateHouse Media, Inc. (NYSEARCA:NYSEARCA:GHS) Q2 2008 Earnings Call August 8, 2008 10:00 AM ETExecutivesMark Maring - Investor RelationsMichael E. All rights reserved (About Us). Last modified February 23, 2017. 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. Highest Paying Job At Gatehouse Media Massachusetts I Inc, Highest Paying Department At Gatehouse Media Massachusetts I Inc. GateHouse Media. Gatehouse Media, LLC CLAIM THIS BUSINESS. 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. Is the bloom off this fast-growing flower? Los Angeles Times correspondent Matt Pearce shared his thoughts on the pay package on Twitter. 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. The work schedule is brutal and not easy to get use to. 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. 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. Average Gatehouse Media Massachusetts I Inc Salary. Where does the acquisition money come from? Nieman Journalism Lab. GateHouse Media Inc. was an American publisher of locally based print and digital media. A year ago I wrote about the Lens ployhereand here. You are wasting your money, as you'll never see your newspaper! 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. and can be safely. The court never explicitly ordered GateHouse to reclassify the drivers because the two sides reached a settlement while litigation was still ongoing. 2,097 Sq. 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. GateHouse Holding A/S: DK12948700 GateHouse Group A/S: DK43302078. 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. Patriot Ledger. Tuesdays headline: Robotics and tech firm SoftBank Japan purchases newspaper company GateHouse Media. For that work, it gets paid, and we'll do that . 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. Now, backed with a further $130 million in raised equity, CEO Mike Reed said Tuesday the company intends to buy more. The case went up to the Appeals Court, which ruled in 2018 in favor of the newspaper carriers. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. | ref = {{harvid|Doctor|2017}} [4] 370 Jay Street, 7th Floor New Media agreed to fork over $46 million to A.H. Belo Corp. for the ProJo. Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? The company will retain the Gannett name and the companys McLean., Va., headquarters. 11201 Brooklyn, NY, GateHouse Holding A/S: DK12948700 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. When a person is charged with PPP loan scam charges, they can face multiple civil and criminal penalties. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. The legal documents in the case are posted here. This policy change effects those Applicants with business before the Conservation Commission, Planning Board, Zoning Board of Appeals,or any other board/committee within the Dept. 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. Boston Globe, 11/30/2008. Our tracking data currently support major global logistic operators creating transparency. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. President and Fellows of Harvard College, unless otherwise noted. 2.3. 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. No salaries for GateHouse Media Senior Hr Business Partner in Adona, AR. Make no mistake: The New Media playbook has been executed well. King died while the lawsuit is ongoing, and the administrator of his estate, Suzanne Carey, replaced King as the named plaintiff. 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. 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. 3 Beds. About us. Read what they think about their salaries on our Compensation FAQ page for Gatehouse Media. The StarNews' parent company is . Is PPP Loan Fraud The Largest Fraud Of All Time? All rights reserved. Newsletters and Marketing Resources. Grab your popcorn: De Blasio agrees to interview with Sean Canadian teacher with size-Z prosthetic breasts placed on paid leave, Buster Murdaugh got 'very drunk' with dad 2 months after mom, brother murdered: source, What's next for Buster Murdaugh after dad's murder conviction, life sentence, Prince Harry was scared to lose Meghan Markle after fight that led to therapy, Prince Harry says psychedelics are fundamental part of his life, Inside Scheana Shay, Raquel Leviss heated confrontation about Tom Sandoval affair, Tom Sizemore And The Dangerous Burden of Desperation, Kellyanne Conway and George Conway to divorce. Discounts, Offers and Advertising Opportunities. 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. User experience and cybersecurity are paramount for us. while finding money to pay off debts . 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. 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. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. PPP Loan # 6890988904. 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. Thats a better performance than its peers. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. 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. Doctor, Ken. It invokes, A PPP loan fraud also includes making false statements to a financial institution, a federal crime. Salary information comes from 164 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. Gatehouse media publishes two daily newspapers, two weekly publications, and one monthly and one bi-monthly magazines in Rhode Island. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3. Even a single PPP loan fraud case might involve multiple criminal laws. Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. Hanover was established in 1727, a little over 100 years after the Pilgrims landed in Plymouth, 17 miles to our south. 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 . Theres rich irony here: The retirement funds of those in the news industry, among many others, helps fund these New Media takeovers, which in turn result in more job cutbacks and the thinning of journalism in communities from coast to coast. New talents are needed at GateHouse. How Much Does Gatehouse Media Massachusetts I Inc Pay? The size of each drivers settlement will be based on the number of weeks the carrier worked for the Patriot Ledger between September 2008 and November 2015. 62 E Broad St. Columbus, OH 43215-3503. As tax-payers, we need to hold businesses accountable and ask serious questions. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. 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. For more information, please contact Dan Kennedy at dan dot kennedy at northeastern dot edu. the other two being Halifax Media Group and GateHouse Media. | accessdate = 4 March 2023 document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); IsItaScam.com allows you to expose any case where someone created a fictitious entity to get a loan, overstated the number of employees or size of payroll to get a bigger loan than was permitted, or misused the proceeds for something other than the authorized expenses. Enter your email address to follow this blog and receive notifications of new posts by email. As of June 14, 177 of the 553 newspaper carriers who were eligible for money had submitted claims, according to court documents. 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. 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. View customer complaints of GateHouse Media, Inc, BBB helps resolve disputes with the services or products a business provides. Web. 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. 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. 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. 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. *Offer extended only new digital advertisers. The merger, which would combine Gannett with Gatehouses publicly traded New Media Investment Group, was formally unveiled Monday following months of negotiations. Subscribers should send payments to Gannett Holdings LLC SE, PO Box 660238, Dallas, TX 75266-0238. . This will discontinue the policy of submitting Gatehouse Media checks/payments to town departments for processing. saved to your. The settlement is restricted to papers that carried Lens, and are concentrated in Greater Boston. As Fortress restructured, it began put together its investment pools four years ago. Its unclear how much stamina NEWMs investors will have for the strategy, though. Get your business & brand in front of the right audience with our special offers, limited time deals, seasonal . Start making your online monthly payments today by creating your account below. Sometimes when you connect the dots, you just get more dots. 2.5 Pay & Benefits. Nearby Recently Sold Homes. 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. view full report. $330,000 Last Sold Price. See Gatehouse Media salaries collected directly from employees and jobs on Indeed. 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 two sides ultimately reached a settlement, which was approved June 28 by Norfolk Superior Court Judge Diane Freniere. Ratings by category. GateHouse Group 500 SUNSET AVE ASHEBORO, NC 27203 Get Directions (336) 626-6103. www.gatehousemedia.com . You must attribute this work to Media Nation (with link). 4 %. To be sure, theres a chill in the air, and courage isnt easy to come by. Lets be clear: Management determines how much journalism their journalism companies actually produce. The company reported a more-than-50-percent drop in both net income and earnings-per-share for 2016. Please support this free blog by becoming a member of Media Nation. That includes 40 jobs cut at the Providence Journal, a paper GateHouse bought from Belo in 2014. Often, however, whistleblowers & employees reveal that their employers have abused their funds. New York Observer, 5/15/2015, Dan Kennedy exercises the bloggers imperative to bloviate beyond his expertise. All. Those nice dividend checks mean fewer journalist paychecks. Is NORTHSTAR SPECIAL SERVICES, INC a Scam? COO Kirk Davis isn't far behind Reed. New Media, with assets of $1.3 billion, is a relative pimple on the body Fortress $70 billion in asset management. 552 (Freedom of Information Act) and 5 U.S.C. Furthermore, GateHouse is closed on December 31. It's Secure. It looked like head-turning news: A Japanese company had taken control of one of Americas largest newspaper chains, New Media Investment Group, a.k.a. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Furthermore, GateHouse is closed on December 31. 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. We are looking forward to assisting you. This story has been shared 150,222 times. 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 former media critic for the Boston Phoenix, Dan Kennedy continues to write incisively about the print and digital universe at his blog, Media Nation. 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. Its not the only playbook out there, but its the most used. 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. Email this Business. It invokes, Finally, when you commit a PPP loan scam, you violate. 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. The Reverse Scooby-Doo theory of tech innovation comes with the excuses baked in, How will journalists use ChatGPT? Find out more about how we use your personal data in our privacy policy and cookie policy. 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. Box 779 Worthington, OH 43085 614-406-5651 info@gatehousemediapartners.com . new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. Our tracking data currently support major global logistic operators creating transparency. 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. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) Businesses who took out these loans could spend the borrowed sum on: Federal authorities are aggressively targeting individuals and companies for PPP loan fraud. Find company research, competitor information, contact details & financial data for Gatehouse Media, LLC of Pittsford, NY. It calls for Gannetts shareholders to receive $6.25 in cash and 0.5427 worth of New Media shares for each share of Gannett. This significant and troubling story described the merger of Gannett GateHouse Media, a . 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. 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. Instead of being billed for the additional Premium . How much do Gatehouse Media employees make? The job as district circulation clerk at Gatehouse media is very demanding. Please be aware that listing the correct mailing address for all Applicants is essential to avoid delays in the public hearing process. Please note that all salary figures are approximations based upon third party submissions to Indeed. The rest of the money will be split among the drivers who submitted claim forms. 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). We don't just need solutions; we need the courage to imagine they will succeed, and the collective will to make them happen. GateHouse SatCom A/S: DK26040299 For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. 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. Full time work week is 77.50 hours per week.