GateHouse Media, LLC November 4, 2022 You will need to link your app purchase in order to have full access to our app. Newspaper Chain, Targets 'Inefficiencies', "Red ink pressing publisher; Liberty Group grew fast, but so did its debt Crains August 5, 2004", "International Directory of Company Histories. It delivers content and products related to eating, drinking, and entertaining with a Southern flair. A complete list of home-delivery service areas is available here. News Erie Times News eEdition. Box 779Worthington, OH 43085614-406-5651info@gatehousemediapartners.com. Country: USA The Fosters Daily Democrat 'eEdition' is an exact digital replica of the printed newspaper. Data privacy and security practices may vary based on your use, region, and age. GateHouse's acquisition of Gannett, a cash-and-stock transaction valued at roughly $1.2 billion, was intended to give the combined companies an annual savings of some $300 million. In 2018, the print business still brought in $25 billion, according to a study by the University of North Carolina. The deal to create the largest newspaper company in the nation which became official at 4:10 p.m. on Tuesday came about with remarkable speed for a merger that will reshape the media landscape. Louis added that the two companies are a strong "cultural fit.". Forgot? Sorry you dropped the relationship with the NY Times but I do enjoy USA Today as I had a 25+ year subscription until 2 years ago. Mr. Reed and Mr. Bascobert, who spoke with The New York Times at the USA Today office in Midtown Manhattan, said the savings they had in mind amounted to 8 percent of annual costs. iPad iPhone Description. The newspaper company, which operates as Media News Group and owns hundreds of publications across the country, including the Denver Post, bested two other suitors GateHouse Media and Revolution Capital. It operates in more than 570 markets across 37 states, reaching more than 23 million people on a weekly basis and serving more than 220,000 business customers. Media executive Paul Bascobert has been named chief executive of the combined . GateHouse Media merged with Gannett Company on November 19, 2019, creating the largest newspaper publishing business in the United States. The previous version that looked like an actual paper was great. Noting that both companies house business functions and even editors in regional centers away from the newsrooms, Ms. Abernathy added that the combinations of shrunken newsrooms and distant management could have a bad effect on local coverage. Facebook. GateHouse Media's parent company is publicly traded New Media Investment Group (NEWM) of New York. New Media Investment Group, a publicly traded company with headquarters near Rochester, N.Y., has put money into journalism through GateHouse Media. And now one in five daily papers in the United States has the same owner, under the Gannett name, according to figures provided by researchers at the University of North Carolina. GateHouse Media Inc.was an American publisher of locally based print and digital media. "Those of us that see the immense significance of local news certainly hope it works.". A few months ago, GateHouse acquired20 more local The Communications department and employees with 3 to 6 Years experience at GateHouse Media rank their Perks and Benefits the highest, while Caucasian employees and Male . In August 2019, it was announced that New Media Investment Group had reached an agreement to merge Gannett into GateHouse Media. They are good people who do great things for their clients., -Melissa Ferguson, Director of Marketing & Communications, Columbus Museum of Art, Gatehouse will research suggestions and give feedback and the best plan of action. Gannetts publications include the Detroit Free Press, Arizona Republic, Indianapolis Star and Milwaukee Journal Sentinel. At the end of the day it's the relationships that make it work. POSTED. Fair Use Policy So far, eight have left. "We all pray that it works," said Nancy Whitmore, professor of communication at Butler University in Indianapolis, and an expert on media economics. *Offer extended only new digital advertisers. The Latest Fact Checks curated by Media Bias Fact Check 03/04/2023, MBFCs Weekly Media Literacy Quiz Covering the Week of Feb 25 Mar 3rd, The Latest Fact Checks curated by Media Bias Fact Check 03/03/2023, Daily Source Bias Check: The Event Chronicle. owns 145 daily news outlets and operates in 580 local markets across 37 states. Penny Abernathy, a journalism professor at the University of North Carolina who has studied the decline of newspapers, said layoffs were all but guaranteed. Thats the engine that has gotten us to the place we are today, and thats the engine thats going to carry us forward.. On September 27, 2018, GateHouse Media announced the acquisition of The Oklahoman Media Company, parent company of The Oklahoman, which is the state's largest daily newspaper, for an undisclosed amount from The Anschutz Corp. In the name of "efficiency" they outsource the work of editing and page and ad design to a center in Austin, Texas. CEO Robert James Thomson indicated that the newspapers "were not strategically consistent with the emerging portfolio" of the company, which had been formed as a spin-off of News Corporation. National and international news comes from other Gannett publications and the Associated Press. Claim your Free Employer Profile Website: www.mortontimesnews.com Headquarters: Morton, IL Size: 1 to 50 Employees Type: Company - Private Revenue: Unknown / Non-Applicable Competitors: Unknown Gatehouse Media Reviews 2.3 4 % Recommend to a Friend 5.0 Former Employee "Pagination Specialist" Overall, we rate The Farmington Daily Times Right-Center Biased based on editorial positions that slightly favor the right. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. GateHouse Media, Inc. iPad & iPhone. Likewise, GateHouse has faced similar challenges. Site Map; Policies; OpenGov . GateHouse Media publishes 145 daily publications. As a subscriber, you have 10 gift articles to give each month. This Groupon is valid for the following publications: The Enterprise, which serves the Brockton area seven days a week (a $241.80 value). See "Subscription Support" in the app's Settings for more details and customer service contact information. Newspaper Chain, Targets Inefficiencies, https://www.nytimes.com/2019/11/19/business/media/gannett-gatehouse-merger.html. In August, Gannett, the parent company of USA Today and more than 100 other dailies, and New Media Investment Group, the owner of the newspaper chain GateHouse Media, announced their intention to join forces. [15] They also acquired Dolan Media Group[16] and Journal Multimedia,[17] adding business publications to their portfolio. GateHouse Media publishes three daily and five weekly newspapers in Georgia. GateHouse Media This project is telling stories about the South, from the South What stories do you expect to read about the South? The developer provided this information and may update it over time. But financial turmoil including the continued loss of print advertising dollars and 2016s aborted attempt to acquire the media company now known as Tribune Publishing has proven to be an obstacle in Gannetts quest to remake itself. Etiam ultrices scelerisque enim, id interdum leo mollis sit amet. The companies expect that savings from the merger, which is expected to be completed by the end of the year, would total as much as $300 million annually. Often you have a publisher responsible for five or six newspapers, she said. Traditional and digital media planner/buyer. Shortly after GateHouse bought The Register-Guard, the company began laying off copy editors. With an unmatched reach at the national and local level, Gannett touches the lives of . In the same month, GateHouse announced its $49.25 million purchase of The Palm Beach Post and Palm Beach Daily News from Cox Media Group, LLC. Last edited on 15 December 2022, at 09:36, "Pine Bluff Commercial - Pine Bluff, AR: Local & World News, Sports & Entertainment in Pine Bluff, AR", "Southwest Times Record - Fort Smith, AR: Local & World News, Sports & Entertainment in Fort Smith, AR", "Stuttgart Daily Leader - Suttgart, AR: Local & World News, Sports & Entertainment in Stuttgart, AR", "Greenwood Democrat - Greenwood, AR: Local & World News, Sports & Entertainment in Greenwood, AR", "Boonville Democrat - Booneville, AR: Local & World News, Sports & Entertainment in Booneville, AR", "Charleston Express - Greenwood, AR: Local & World News, Sports & Entertainment in Greenwood, AR", "Press Argus-Courier - Van Buren, AR: Local & World News, Sports & Entertainment in Van Buren, AR", "Paris Express - Paris, AR: Local & World News, Sports & Entertainment in Paris, AR", "Gurdon Times - Gurdon, AR: Local & World News, Sports & Entertainment in Arkadelphia, AR", "Newport Independent - Newport, AR: Local & World News, Sports & Entertainment in Newport, AR", "The Sun-Times - Heber Springs, AR: Local & World News, Sports & Entertainment in Heber Springs, AR", "The Whitehall Journal - White Hall, AR: Local & World News, Sports & Entertainment in Pine Bluff, AR", "The Van Buren County Democrat - Clinton, AR: Local & World News, Sports & Entertainment in Van Buren County, AR", "Ridgecrest Daily Independent - Ridgecrest, CA: Local & World News, Sports & Entertainment in Ridgecrest, CA", "Desert Dispatch- Victorville, CA: Local & World News, Sports & Entertainment in Victorville, CA", "The Record- Stockton, CA: Local & World News, Sports & Entertainment in Stockton, CA", "Siskiyou Daily News, Yreka, CA: Local & World News, Sports & Entertainment in Yreka, CA", "Owner of Pueblo Chieftain agrees to sell; terms not released", "LA Junta Tribune - La Junta, CO: Local & World News, Sports & Entertainment in La Junta, CO", "The Bulletin: Local & World News, Sports & Entertainment in Norwich, CT", "Star Courier - Kewanee, IL: Local & World News, Sports & Entertainment in Kewanee, IL", "Canton Daily Ledger - Canton, IL: Local & World News, Sports & Entertainment in Canton, IL", "Journal Star: Local & World News, Sports & Entertainment in Peoria, IL", "Pekin Daily Times: Local & World News, Sports & Entertainment in Pekin, IL", "Chillicothe Times-Bulletin - Chillicothe, IL: Local & World News, Sports & Entertainment in Chillicothe, IL", "Washington Times-Reporter - Washington, IL: Local & World News, Sports & Entertainment in Washington, IL", "Woodford Times - Peoria, IL: Local & World News, Sports & Entertainment in Metamora, IL", "East Peoria Times-Courier - East Peoria, IL: Local & World News, Sports & Entertainment in East Peoria, IL", "Morton Times-News - Morton, IL: Local & World News, Sports & Entertainment in Morton, IL", "The McDonough County Voice: Local & World News, Sports & Entertainment in Macomb, IL", "The Register-Mail: Local & World News, Sports & Entertainment in Galesburg, IL", "Daily Review Atlas: Local & World News, Sports & Entertainment in Monmouth, IL", "Pontiac Daily Leader - Pontiac, IL: Local & World News, Sports & Entertainment in Pontiac, IL", "Lincoln Courier: Local & World News, Sports & Entertainment in Lincoln, IL", "The State Journal-Register: Local & World News, Sports & Entertainment in Springfield, IL", "GateHouse Media Sells the Suburban Life Publications to Shaw Media", "Journal Standard: Local & World News, Sports & Entertainment in Freeport, IL", "Rockford Register Star: Local & World News, Sports & Entertainment in Rockford, IL", "Home - Benton Evening News - Benton, IL", "Home - Du Quoin Evening Call - Du Quoin, IL", "Business-Class Web Hosting by (mt) Media Temple", "The Carmi Times - Carmi, IL: Local & World News, Sports & Entertainment in Carmi, IL", "Home - The Daily Register - Harrisburg, IL - Harrisburg, IL", "Olney Daily Mail - Olney, IL: Local & World News, Sports & Entertainment in Olney, IL", "GateHouse Media buys South Bend Tribune, other newspapers from Schurz Communications", "Butler County Times Gazette: Local & World News, Sports & Entertainment in El Dorado, KS", "McPhersonSentinel - McPherson, KS: Local & World News, Sports & Entertainment in McPherson, KS", "The Kansan - Newton, KS: Local & World News, Sports & Entertainment in Newton, KS", "Wellington Daily News - Wellington, KS: Local & World News, Sports & Entertainment in Wellington, KS", "Dodge City Daily Globe - Dodge City, KS: Local & World News, Sports & Entertainment in Dodge City, KS", "Examiner: Local & World News, Sports & Entertainment in Independence, MO", "The Leavenworth Times - Leavenworth, KS: Local & World News, Sports & Entertainment in Leavenworth, KS", "Bastrop Daily Enterprise - Bastrop, LA: Local & World News, Sports & Entertainment in Bastrop, LA", "Beauregard Daily News - Beauregard, LA: Local & World News, Sports & Entertainment in DeRidder, LA", "Leesville Daily Leader - Leesville, LA: Local & World News, Sports & Entertainment in Leesville, LA", "Herald-Mail Media part of Schurz selloff of newspapers to GateHouse", "GateHouse Media, parent of T&G, acquiring Gardner News", "The Enterprise, Brockton, MA: Local & World News, Sports & Entertainment in Brockton, MA", "The Herald News, Fall River, MA: Local & World News, Sports & Entertainment in Fall River, MA", "MetroWest Daily News, Framingham, MA: Local & World News, Sports & Entertainment in Framingham, MA", "Milford Daily News: Local & World News, Sports & Entertainment in Milford, MA", "The Patriot Ledger, Quincy, MA: Local & World News, Sports & Entertainment in Quincy, MA", "The Taunton Daily Gazette, Taunton, MA: Local & World News, Sports & Entertainment in Taunton, MA", "telegram.com: Local & World News, Sports & Entertainment in Worcester, MA", "GateHouse parent buys T&G and its parent chain", "Cheboygan Daily Tribune - Cheboygan, MI: Local & World News, Sports & Entertainment in Cheboygan, MI", "The Daily Reporter - Coldwater, MI: Local & World News, Sports & Entertainment in Coldwater, MI", "The Daily Telegram - Adrian, MI: Local & World News, Sports & Entertainment in Adrian, MI", "Sault Ste. [9], By 2013, GateHouse Media grew, operating in 330 markets across 21 states, but they found themselves in a debt situation that would prohibit future growth. MBFC Credibility Rating: HIGH CREDIBILITY. Marie, MI: Local & World News, Sports & Entertainment in Sault Ste. Nam viverra euismod odio, gravida pellentesque urna varius vitae. Value of Showcase ad is $600. GateHouse Media, which owns 154 daily newspapers and operates in 39 states, has been on a buying spree in recent years, striking deals to acquire The Austin American-Statesman, The Palm Beach. According to the complaint, defendant GateHouse Media Ohio Holdings II has effectively decreased the length of proposed class members' subscriptions, which have already been paid for, based on the supposed value of the premium editions and on subscription agreements that are "constantly being revised without notice" or consent from customers. Managing Partner A creative problem solver with 29 years experience in media sales and management. [citation needed], In June 2005, Fortress Investment Group bought Liberty for $527 million. On Tuesday, Tribune Company, a publicly owned major chain, announced that Alden had purchased a 25 percent stake in it. The combined group of business publications was rebranded as BridgeTower Media.[18]. Managing Partner Traditional & Digital media planner/buyer with extensive attention to detail as it pertains to digital optimization and implementation. The project will take place over six Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. Son was also a driving force behind the all-but-final megamerger of Sprint, a SoftBank-controlled company, and T-Mobile; that deal won regulatory approval after a lobbying campaign that included company executives staying at the Trump International Hotel in Washington. The planned bankruptcy centered on restructuring the Fortress News Corp deal. Earlier this week, McClatchy said it would join the Google News Initiative to createthree local news GateHouse's parent, New Media Investment Group, will purchase Gannett for $12.06 in cash and stock per share. If you feel your login credentials are being used by a second . Morale was typically high, work is appreciated and bosses encourage suggestions for improvement. Last week, shareholders at the two companies voted yea. These media sources are slight to moderately conservative in bias. When . The stock price of GateHouse's parent, New Media Investment Group US:NEWM , has also fallen 40% since it announced the Gannett GCI, +7.76% acquisition, shaving about $265 million from its market . [citation needed] In October 2006, GateHouse had its IPO with Fortress maintaining 60% ownership. Gatehouse Media Ltd Warrington . Employees at GateHouse Media rank their Perks and Benefits lower than most, ranking them in the Bottom 10% of all similar sized companies with 10,000+ Employees on Comparably. The merger,. Read our profile on the United States government and media. It listed assets of $433.7 million and debt of $1.3 billion. Privacy Policy. [27], In January 2018, GateHouse announced its purchase of Oregon's second-largest daily newspaper, The Register-Guard. The combined company will have its headquarters in Gannetts home base, McLean, Va., and will be led by Michael E. Reed, the New Media chief executive since 2006. Gatehouse Media Partners digital department has given our clients a competitive advantage in this now tradigital landscape. Charged Party / Respondent Employer GateHouse Media Pennsylvania Holdings, Inc. d/b/a Times Publishing Company - Erie Times-News: 205 W 12th St Erie, PA 16534-0001 . Filtered Search, Enter your email address to subscribe to MBFC and receive notifications of new posts by email. We also rate them High for factual reporting due to proper sourcing and a clean fact-check record. Funding. So its a small number, relative to 24,000. Net incomeincluded$6.5 million of after-tax restructuring, asset impairment charges, and other costs, offset by $32.8 million of gains on property sales. He also has a diverse set of experiences outside of the news industry, including past roles as an engineer at General Motors and Whirlpool Corp. and as a co-founder of data analytics firm Vertex Partners. Gannett owns The Detroit Free Press, The Arizona Republic, The Milwaukee Journal Sentinel and other prominent newspapers in small, midsize and large cities. It used to look like a real paper. [33], On January 28, 2019, it was announced that GateHouse Media had acquired the publishing division of Schurz Communications including The Herald-Times in Bloomington, Indiana, South Bend Tribune in South Bend, Indiana, and other papers in Clay, Lawrence, Monroe, Morgan, Orange, Owen, and Putnam counties in Indiana. [4] History Liberty Group Publishing GateHouse consolidated some business functions at a center in Austin, Texas, resulting in layoffs elsewhere, and laid off more than 100 newsroom employees in the spring. Net income of $26.7 million rose 64% from$16.3 million a year ago, surpassing analysts' expectations of $14.1 million. daily-times.com serves as the online domain for the newspaper. To maximize the company's value, Boston Herald Inc. (BHI) filed a voluntary Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware to maximize the company's value. He seemed aware that his stats-based approach to newsroom management was not likely to sit well with the union. GateHouse's digital-only subscriptions rose 44% . Owned by: GATEHOUSE MEDIA MASSACHUSETTS I, INC. GateHouse CEO Kirk Davis stated that the project allows the For Ad-Free Subscriptions go here: https://mediabiasfactcheck.com/membership-account/membership-levels/, Terms and Conditions GateHouse Media's ownerand Gannett have agreed to merge in a deal aimed at cutting overlapping costs and enabling the combined company to pursue a digital transformation as the media industry grapples with the disruptive forces of online news, social media and smartphones. As the new CEO in charge of the combined Gannett-GateHouse entity, Bascobert is drawing upon. Worcester Living, the lifestyle magazine that celebrates Central Massachusetts, is filled with stories about the people and places that help make the area a wonderful place to live. [130] On October 26, 2017, Gatehouse media acquired Edward A. Sherman Publishing that included a daily newspaper, a commercial printing division, and three monthly publications based out of Newport. Gatehouse Media Partners began in September 2005 with the goal of providing customized, targeted media plans that get results and keep up with the ever-changing media landscape. GateHouse Media, Inc. provides publications services. FAIRPORT, N.Y., April 11, 2013 /PRNewswire/ -- GateHouse Media, Inc., a leading multi-media company providing news and information to local communities, has launched More Content Now, where. Gannett reported that its revenue fell 9.6%, Your California Privacy Rights/Privacy Policy. LearnMore, English, Arabic, Danish, Dutch, French, German, Italian, Norwegian Bokml, Portuguese, Romanian, Spanish, Swedish, Paleo central diet food list Nomnom meal plans app. GateHouse Media Inc. was an American publisher of locally based print and digital media. Now I have one new article and the rest are a couple of months old. The acquisition is expected to closearound the end of the year. Advertising and paid subscriptions generate revenue. Free to qualified media, marketing and advertising. [10] The company filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Wilmington, Delaware on September 27, 2013. Now publishing at www.the-geyser.com. All Rights Reserved. Right Bias: How we rate the bias of media sources. By adamg - 8/5/19 - 4:39 pm. Gatehouse publishes 144 daily newspapers across the country. Ut a nunc porta, congue dui sed, eleifend nunc. Question: Add details. Gannett, which has been in the news business for nearly a century, laid off journalists all across the country earlier this year. The sale includes all of the company's publications including Worcester Magazine, The Landmark, baystateparent magazine, the Grafton News, the Millbury-Sutton Chronicle and the Leominster Champion,. Our tracking data currently support major global logistic operators creating transparency. Mr. Reed said. Mr. Reed grew up in Elmira, N.Y., and was once a delivery boy for The Star-Gazette there the descendant of The Elmira Gazette bought by Frank E. Gannett in 1906. And it feeds on itself: Subscribers go down, advertisers pay less.. The newspapers were operated by GateHouse Media following the purchase. After reviewing dozens of op-eds, we found slightly more favor a conservative perspective. It serves more than 10 million readers every week in over 20 states through several . Theres no way, when youre removed from that community, that you understand whats happening on the ground in the same way that you would understand it if you lived in that community.. Pittsford, New York-based GateHouse, the operating subsidiary of New Media Investment Group, will combine withMcLean, Virginia-based Gannett, the larger of the two companies, in a cash-and-stock deal worth about $1.38 billion and financed in part with new private-equity debt. Twitter. 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. Traffic/Popularity: Minimal Traffic Always there when I need them and do anything I ask. Copyright 2006 by The Gale Group, Inc", GateHouse Media stock being delisted from NYSE - October 22, 2008, "GateHouse Buying 14 Dailies, Other Pubs, From Morris For $115 Million", "News Corp. sells 33 papers to New York investors", "GateHouse Media Files for Pre-packaged Chapter 11", "GateHouse Media officially done with bankruptcy", "GateHouse Media Files Chapter 11 to Form New Company", "GateHouse Media to Buy Morris Communications", "GateHouse acquires News-Journal, Halifax Media", "Review-Journal, parent Stephens Media to be sold to New Media", "Sheldon Adelson's Purchase of Las Vegas Paper Seen as a Power Play", "GateHouse to acquire Kansas-based Harris newspapers", "Fox Business - GateHouse Media Buys Dix Communications Newspaper Chain", "Business Wire - New Media Announces Agreement to Acquire Calkins Media", "GateHouse acquires Morris Publishing's 11 daily newspapers", "Providence Journal parent buys publisher of Newport Daily News", "The Register-Guard sold to GateHouse Media", "GateHouse Media grows its empire by buying top exec's publishing company", "New Media Investment Group to Acquire The Palm Beach Post and Palm Beach Daily News", "Gatehouse Media purchases Akron Beacon Journal", GateHouse Media Buys Akron Beacon Journal and Ohio.com, "New Media Announces Solid Fourth Quarter & Full Year 2018 Results, Dividend of $0.38 per Common Share", "Herald-Times, Other Local Papers Sold To GateHouse Media", "GateHouse Media to acquire New Jersey Herald", "USA Today owner Gannett merges with GateHouse Media to form massive newspaper company", "New Media Investment Group to Acquire Gannett", https://en.wikipedia.org/w/index.php?title=GateHouse_Media&oldid=1141218731, This page was last edited on 23 February 2023, at 23:45. [34] That same year, it acquired the New Jersey Herald in Newton, New Jersey, from Quincy Media.[35]. Twenty-five percent of newsroom employees were laid off between 2008 and 2018, according to the Pew Research Center. Ut a nunc porta, congue dui sed, eleifend nunc. Gatehouse Media Partners is a full-service advertising agency with a boutique feel that specializes in traditional and digital media planning and buying. Pittsford, NY. Another large newspaper chain, MediaNews Group, is owned by a hedge fund, Alden Global Capital. In tandem with the print product, the cities and towns covered by GateHouse weeklies and dailies in Massachusetts are also served by the hyperlocal town-by-town websites at WickedLocal.com.[5]. The company's nine-member board will consist of five directors from New Media, three from Gannett, and New Media's current lead director, Kevin Sheehan. Corporate Crossings Office Park The planned merger comes more out of perceived weakness than strength: With a few exceptions, newspapers are struggling as readers abandon ink and paper in favor of websites and news apps. The supersize version of Gannett has a byzantine corporate structure. Our in-house programmatic platform allows for quick implementation, optimization and reporting. To inquire about group subscriptions or an enterprise site license for your firm, contact Customer Service. 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 a transaction valued at roughly $1.4 billion. [21] In December 2015, GateHouse sold the Las Vegas Review-Journal, the Stephens group's largest paper, to casino magnate Sheldon Adelson for $140 million. That is their advantage!, -Josh Combs, Creative Services Director, WCMH-TV, They are great at listening to our challenges and adapting our strategies to meeting those challenges. Kirk Davis, operating company CEO;[2] GateHouse Media, Inc Is this Your Business? In the restructured plan, Gatehouse stock was cancelled and a new holding company for the parent, New Media Investment Group, Inc., was formed. Gatehouse Media Overview Work Here? GateHouses acquisition of Gannett, a cash-and-stock transaction valued at roughly $1.2 billion, was intended to give the combined companies an annual savings of some $300 million. So its not an overwhelming number very achievable, Mr. Reed said. 12-022-21) Gatehouse Media, LLC v. City of Worcester (Lawyers Weekly No. Please help update this article to reflect recent events or newly available information. Paul Ameden, CIO; We get it. Media firms aren't creative agencies, but the good ones are indeed creative. Although GateHouse Media is the buyer, Gannett will keep its name in a $1.4 billion merger between the nation's two largest newspaper chains. I rely on the digital for backup if I can't retrieve the delivered newspaper or traveling without the printed version.