These amounts were reported to the SBA by the company. 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. GateHouse has hired a third-party firm to administer the settlement. An ominous merger of the nation's two largest newspaper chains was buried in the business pages this week. Apple News too corporate for you? 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. I agree to receive promotional communication from GateHouse Media and its affiliates. Also in this issue, the Right's attempt to rewrite history in India, the Kurdish feminist revolution and is Ron DeSantis the next Trump . Hours of work are 145 am to 1030 am seven days a week. New Media agreed to fork over $46 million to A.H. Belo Corp. for the ProJo. Most prominent among those premium publications was Lens, an advertising vehicle published several times a year that was delivered along with GateHouse papers. 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. 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. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Doctor, K. (2017, Feb. 23). Word of an overall 4.6 percent budget cut across the chain is rifling through company. However, the newspaper company will not have to change its practices. Terms and Conditions: Past due accounts are subject to interest at the rate of 18% per annum or the maximum legal rate (whichever is less), No salaries for GateHouse Media Senior Hr Business Partner in Adona, AR. All rights reserved. VAT/CVR. The money was extracted by shortening the length of customers subscriptions. 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. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. For more information, please contact Dan Kennedy at dan dot kennedy at northeastern dot edu. We don't just need solutions; we need the courage to imagine they will succeed, and the collective will to make them happen. | ref = {{harvid|Doctor|2017}} *Offer extended only new digital advertisers. User Rating for GATEHOUSE MEDIA MARYLAND HOLDINGS INC, whistleblowers & employees reveal that their employers have abused their funds, 5 U.S.C. It calls for Gannetts shareholders to receive $6.25 in cash and 0.5427 worth of New Media shares for each share of Gannett. 552a (the Privacy Act) and is published unmodified, as provided by the SBA. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. PAYMENT DUE DATE May 20, 2022 TOTAL AMOUNT DUE $107.04 FEDERAL ID 84-1711503 BILLING INQUIRIES/ADDRESS CHANGES 1-877-736-7612 or smb@ccc.gannett.com Legal Entity: Gatehouse Media Massachusetts l, Inc. Try searching for similar jobs, similar companies, or nearby cities. Save my name, email, and website in this browser for the next time I comment. 373 0. 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. A Massachusetts Appeals Court has ruled that newspaper carriers for Gatehouse must be classified as employees, not independent contractors. This employer has not claimed their Employer Profile and is missing out on connecting with our community. Doctor, Ken. Please contact usif you find an error in the database. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. 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. Heres another: All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. 2.4 Culture. 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. PPP Loan # 6890988904. All other trademarks are property of their respective owners. GateHouse SatCom A/S: DK26040299 The legal documents in the case are posted here. 2023. New Users. 2.9 Work-Life Balance. 54 (b), 365 Mass. 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?. Salaries posted anonymously by Gatehouse Media employees. Disclosure would be clearer and more prominent than it had beenpreviously. Visit Website. | first = Ken When a person is charged with PPP loan scam charges, they can face multiple civil and criminal penalties. Locally, Gannett owns northern NJs Record and the Journal News in NYs Westchester and Rockland counties. Its smallest are weeklies with barely more than 1,000 paid subscribers, such as the Bolton Common, the Norton Mirror, and the Georgetown Record.. 2023 Advance Local Media LLC. Gatehouse Media employees attributed a compensation and benefits rating of 2.5/5 stars to their company. 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. Under the terms of the settlement, GateHouse will pay up to $425,000. 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. The parent of the nation's 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. 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. Massachusetts Appeals Court rules against Gatehouse, says its newspaper carriers are employees. As of May 31, 2019, GateHouse Media publishes 156 daily newspapers and hundreds of . Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. Similar Businesses Nearby 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. GateHouse USA Corp. Although GateHouse, based in Pittsford, New York, has agreed to stop labeling Lens as a premium publication for which subscribers mustpay extra, it wouldcontinue that practice with other publications, which would cost about $2 in the form of shortened subscriptions. User experience and cybersecurity . 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. Is THOMAS, BENNETT & HUNTER, INC. a Scam? Many of GateHouse's Massachusetts papers are venerable, stretching back several . Contact Information. Its parent company, New Media Investment Group, merged with Gannett in 2019. Furthermore, GateHouse is closed on December 31. While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. 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. 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? Just click here to sign up via Patreon. (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) 552 (Freedom of Information Act) and 5 U.S.C. 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. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Under the settlement, GateHouse continues to deny any wrongdoing. Email this Business. Payment Method: UNVERIFIED. Its a project of the Nieman Foundation for Journalism at Harvard University. Drivers who sign the settlement agree not to bring any further lawsuits against GateHouse related to wages, overtime, employer classification or any other issue stemming from the class action suit. Based on her account, delivery was started on 6/26/22 and . The starting pay at Gatehouse Media Massachusetts I Inc is $27,000 per year, or $12.98 per hour. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3. GateHouse Media Inc., which owns over 400 community newspapers and hundreds of local websites, is restructuring its $1.2 billion debt in a prepackaged Chapter 11 bankruptcy filing. We are looking forward to assisting you. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. How Much Does Gatehouse Media Massachusetts I Inc Pay? 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. GateHouse Media, Pittsford (town), New York. Is NORTHSTAR SPECIAL SERVICES, INC a Scam? In some cases, GateHouse has encircled these family operations, and then offered just enough to close a sale. It does, however, manage and control New Media, an investment vehicle it created out of GateHouse Medias 2013 $1.2 billion bankruptcy. Half of GateHouse Media salaries are above $121,052. DK-9400 Nrresundby, United States The Company publishes local newspaper, management structure, short biographies, and, articles, as well as offers marketing, and online . How much does Gatehouse Media in the United States pay? At the heart of most struggles for justice is the desire for a better world. 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 .