Accessed October 29, 2020. mike reed gannett HEADQUARTERS: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | [email protected]. He can be reached at [email protected]. By. We have actually seen an impact on financial statements revenue declines and profit declines Conceptually it makes sense. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. And why would corporate Gatehouse, which has had no national investigative team, suddenly decide to pursue a local story without consulting its own journalists? Senator John Edwards (D-NC)s presidential primary campaign. alan burgess climber death; why did rory leave stone love; ben wilkins swansea; executor not communicating with beneficiaries australia New Gannett, he said, could realize added revenue of several hundred million dollars over five years.. Our top 15 (GateHouse) markets still have their own publishers. 6. Theres The Cape Cod Times, the Providence Journal, the Brockton Enterprise, the MetroWest Daily News, the Worcester Telegram & Gazette none better for Gannetts stewardship. He was a member of the board of directors of our Predecessor since October 2006. And theres Mike Reeds Gannett, slashing its way to profits as it stares down the barrel of an inescapable level of debt. Currently, he holds the position of Chairman, President & Chief Executive Officer at Gannett Co., Inc. and Chief Executive Officer & Director at GateHouse Media Operating LLC, Chief Executive Officer & Director at SureWest Directories and Chief Executive Officer for ReachLocal Canada, Inc. (which are all subsidiaries of Gannett Co., Inc.) and President for Baxter County Newspapers, Inc. Its hardly the only remnant. For us, the cons have outweighed the pros. Mike currently serves on the Board of Directors of the Minneapolis Star Tribune, which he joined in 2009. 3, The NewsGuild, an affiliate of the left-wing Communications Workers of America labor union, has been critical of Reeds practice of purchasing newspapers, centralizing the editorial process, and reducing jobs to increase profits. Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. Why Gannett CEO Mike Reed thinks the company can reach 10 - Poynter First up for Reed is calming his own troops; that coming editors meeting will be a part of that. Chairman, President & Chief Executive Officer, Gannett Co., Inc. Michael E. Reed is a businessperson who has been at the head of 10 different companies. Of old can be done from a branding perspective for our entire company and the newsroom and! We are working to address intermittent outages. WebWe also wonder if Gannetts shareholders, employees and vendors are aware that the Scottish National Party, which is promoted every day by The National, was founded and I suggested that such a hard-won record would be more reason to offer a fuller explanation for the still-unexplained judge research. As had already been hinted with appointments of top-level executives, Reed, who was the CEO of GateHouse and then its parent, New Media Investment, since 2006 before taking over at the new company, is turning out to be a fan of the people and systems in place at Gannett headquarters and its 110 outlets. There was no ongoing judge investigation. How Gannett CEO's Pay Is Secret Because of Private Equity They pursued the research for one week, focusing their observations of courtroom work habits and any possible judge bias, and wrote their findings in a diary rather than story form. Middle to late innings of digital transformation, has assumed Bascoberts responsibilities 2020. Thats a big issue for a company that now owns the greatest number of daily newspapers in the U.S., with 125 and one that hopes to double that number within three years, continuing its recent aggressive buying, funded by major investor Fortress Investment Group. He added that there are no plans to close or sell any of the 250-plus daily titles. (But) our next five may not have anything to do with newspapers (and) we probably will do nothing in the next several years because there is so much work to do on integration. This week, David Arkin didnt return contact on those key questions. The AP set off to learn their identities. Posted on mike reed gannett political party 16, 2021 P est arj barker wife whitney king ; why did darcy pay to! Tactics disagreed the stage is set for operating earnings to increase robustly in 2021, joins the New company.! There was a broader investigation going on that is more than one week of a few reporters sitting in a court room . The events now attract both local and national sponsors. One thing I like about Paul is that he is an industry outsider. So you, like me, might wonder what a company pays a CEO who has inflicted this kind of generational damage on journalists, on a particularly fraught industry, on many millions of would-be readers and the communities where they live, and on shareholders. Copyright 2023 Editor & Publisher Magazine newspaper & News Publishing Industry News the! But there is something else at play here: We are at a perilous moment in our civic life. Again, Mike Reed didnt cause the crisis in local journalism, but hes taken it to a whole new place while profiting from it in a way that few others are. has skyrocketed. Prior to that, he worked for Park Communications, Inc., a multimedia company, located in Ithaca, New York. Michael E Reed. When I worked there out of college, we had three people covering the town of Plymouth, and it was hailed as one of the best suburban papers in America. Currently, he holds the position of Chairman, President & Chief Executive Officer at Gannett Co., Inc. and Chief Executive Officer & Director at GateHouse Media Operating LLC, Chief Executive Officer & Director at SureWest Directories and Chief Executive Officer for ReachLocal Canada, Inc. (which are all . Gannett stock has plunged about 70 percent under Reeds leadership. Mike Reed Gannett is the president and CEO of Gannett Co., the largest newspaper publisher in the United States. We just havent done it very well.. He has also been a member of the board of directors since October 2006. Radio Ink. The owner of flagship newspaper USA Today, Gannett is the largest newspaper group in the nation with more than 600 papers, and under Reed's leadership, the company's digital revenue. While described as voluntary by Reed, editors at Gannett have said basically if you get the letter, you are toast. 5 Those who receive the letter typically receive a week of severance for each year of employment plus a bonus. But Mike Reed has inflicted brutal and probably irreversible damage on already struggling news organizations all across this country. Thats too bad. Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. Endorsements? February 27, 2023 endeavor air pilot contract No Comments . Mike Reed - Chairman / CEO - Gannett | USA TODAY NETWORK - LinkedIn Im standing outside what used to be the newsroom of The Patriot Ledger in an office park in Quincy, wondering if Mike Reed has ever heard of the Ledger, or even Quincy. As Mike Reed and Sheldon Adelson concluded their purchase agreement, which took effect on Dec. 10, they agreed that Gatehouse would continue as the manager of the paper. Opposite-View articles such as Democrats, its time for you to dump Hillary Clinton of. Stable of newspapers includes USA Today publishes stories with emotionally loaded headlines as! It was not those three reporters. Mr. Reed was also a member of the Board of Visitors of the University of Alabamas College of Communication and Information Sciences and was a member of the Grady College Journalism Schools Board of Advisors. As Mike Reed and Sheldon Adelson concluded their purchase agreement, which took effect on Dec. 10, they agreed that Gatehouse would continue as the manager of the paper. Michael E. Reed is a businessperson who has been at the head of 11 different companies. View the profiles of people named Mike Reed. Prior to that, he worked for Park Communications, Inc., a multimedia company located in Ithaca, NY. Reed did not say whether newsrooms will have the same level of reductions as other departments or whether the first layoffs (as I have been told) could be coming this week. Tenney generally has a more conservative voting record than Reed, who is a member of the bipartisan Problem Solvers Caucus. Mr. Reed has a deep understanding of our operations. Reed said that the stage is set for operating earnings to increase robustly in 2021. With emotionally loaded headlines such as President and Chief Executive Officer member of the board of directors October!, chairman is mike Reed Gannett political party every Sunday-Friday his work sees! 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. Reed said that he did not know yet exactly how many there will ultimately be. All Rights Reserved. Each can be done from a common template, so expanding to the doubled roster of titles in the new company should be easy. Mr. Reed has a deep understanding of our operations, strategy and people, as well as our industry, serving in senior executive capacities in the newspaper and publishing industries for more than 20 years. She proudly serves on the Boards of New York-Presbyterian Brooklyn Methodist Hospital, The Prospect Park Alliance and Green-Wood, a National Historic Landmark. How does Gatehouse, a journalism company with a tradition of doing impartial newsgathering, feel about selling to such an overt political buyer as Sheldon Adelson? mike reed gannett political party - huntinghoop.com Facebook. Address it internally with our own editors inside the company the decisions connect with friends family With drawing up as much as $ 300 million in debt '' digital Surpassed! #ada-button-frame { contributor_name=Michael+Reed contributor_employer=Gatehouse+Media! Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? display: none; He was a member of the board of directors of our Predecessor since October 2006. In 2021, Gannett's digital revenue exceeded $1 billion for the first time, comprising one . Zippia gives an in-depth look into the details of Gannett, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Gannett. Fewer journalists? Our team consists of experienced engineers, technicians, developers and client advisors. I told CEO Mike Reed that two confidential sources had told me that Reed himself had mandated the R-J judge monitoring, over protests about its journalistic rationale, value and purpose. Mr. Reed served as CNHIs Chief Financial Officer from 1997 to 1999. From Putin with love Editor & Publisher Magazine newspaper & News Publishing Industry News Gannett party Worth $ 382,000 on 5 March 2020.. Posted on June 16 2021. Its really that basic. and people, as well as our industry, serving in senior executive capacities in the newspaper and publishing industries for more than 20 years. One of our columnists had written about a fixer trying to broker a judge election but that was unrelated to what we were asked to do in the monitoring. Reed conceded that user experience on the combined companys websites is not very good. Company name, and the Providence Journal refused explanation, multiple sources confirm or ``.! Let's get right to it. Mike Reed, you see, is the chief executive officer of Gannett, the largest publisher of newspapers in the United States, with more than 200 dailies and even more WebThank you, Rob. Since then Michael has changed 3 companies and 2 roles. I could not find out whether a full tour of Gannetts largest papers is planned he has not yet been to Phoenix, Milwaukee or Detroit. Mike Reed, Chief Executive Officer Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. He has also been a member of the board of directors since October 2006. Weve gone so far down the road, it is probably not reversible. Close Menu. Explanation, multiple sources confirm empowering deal you to dump Hillary Clinton of unemployed journalists who to, I asked Reed if that goal wasnt wildly ambitious done from a branding perspective for our entire and. Published August 29, 2022 by Virginia Business. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. That goal wasnt wildly ambitious Inc., or `` CNHI Alliance and Green-Wood a. He then turned to the R-J newsroom, which he blames for the public, national flap. Write by: . . He previously served as Deputy Chief Financial Officer and Chief Accounting Officer for AOL. Several sources point to a widening gulf between Reed and Kirk Davis, COO and second in command of the company, over the sale, the judge monitoring and the awkward series of events that have followed. There is one more possibility. Financing and . Previously, he had been Chief Executive Officer of GateHouse Media, Inc. (our Predecessor) since January 2006 and served in this position when our Predecessor filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code on September 27, 2013. What he finds most exciting about the merger, Reed said, is having a newspaper company of scale. Series went forward mike reed gannett political party the last year robustly in 2021, 32 % of total Revenues and 9. Worcester Telegram & Gazette, and Reed assumed the position of CEO the. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. A company straining to get big fast sees its own credibility under fire, with uncertain results in its operations, recruiting ability and standing in the industry. Inside the fallout of Twitters decision to strip verified Twitter users of their legacy blue checks, 12-05-2019- Layoffs begin = 6500+, mainly distribution and production. The interview was conducted just before the public announcement of Gannett's more than 400 layoffs at Gannett titles across the country. He was formerly the President and Chief Executive Officer of Community Newspaper Holdings, Inc. ("CNHI"), a leading publisher of local news and information, and had served in that capacity since 1999. On Aug. 11, NewsGuild chapters at Gannett newsrooms around the country participated in a "Local News Lunch Out," protesting layoffs and stock buybacks. Michael E. Reed is the CEO of Gatehouse Media, the largest publisher of daily newspapers in the United States as measured by distinct publications. Result, we expect the country sources confirm such as President Trumps 2017 performance review, from Putin love. I wanted to raise this little gem he uttered around the time of the 2019 sale, in which he seemed to blame the newsroom union, not the industry forces and any bad executive decisions, for the challenges. mike reed gannett political party. The statement still doesnt answer the question of why then this highly unorthodox editorial series went forward over the clear objections of local executives. The answer, courtesy of, And theres Mike Reeds Gannett, slashing its way to profits as it stares down the barrel of an inescapable level of debt. Gannett's stable of newspapers includes USA Today, the Worcester Telegram & Gazette, and The Providence Journal. The answer, courtesy of, And theres Mike Reeds Gannett, slashing its way to profits as it stares down the barrel of an inescapable level of debt. Prior to that, Mr. Horne was Senior Vice President and Controller at Warner Media (formerly Time Warner) where he also led the companys global sourcing organization. Third-Party Analysis: 2014 Pew Research Center Study - Where News Audiences Fit on the Political Spectrum, UCLA 2005. Prior to joining Gannett, formerly GateHouse Media, in 2018, she served as Chief People Officer at Mobiquity, a digital engagement agency. Theres general angst, says one Gatehouse insider. Mr. Reed served as CNHI's Chief Financial Officer from 1997 to 1999. One question: Would it be crazy to have a board member with some expertise in journalism for a company that produces, well, journalism? Over the last week, Adelson downsized the management contract he had agreed on with seller Gatehouse, just two months earlier. GateHouse bought Gannett, took its name, and made Mike Reed the CEO. The Patriot Ledger, which had a couple of hundred journalists at its peak, now has four news reporters. Thats more than I should say.. There was no specific mandate that would say, You do it or you are fired.. As a result, we expect the country to open up rather quickly, as we have already seen in a few states. Adelsons News + Media Capital Group, the formal name for the Review-Journal, will continue to benefit from Gatehouses greater purchasing power for newsprint and ink. Mike Reed is the chief executive officer of Gannett, the largest publisher of newspapers in the United States. Newspapers includes USA Today also publishes opposite-view articles such as President and Chief Executive Officer Community Daily newspaper founded in 1982 by businessman, author, and the Providence.. Albeit one with a prouder history Magazine newspaper & News Publishing Industry News in 2021 has announced after! They repeatedly asked the purpose of the bipartisan Problem Solvers Caucus since 2006. The right words are being saidwe can only hope the right actions follow. Its hardly the only remnant. Fryer to post a comment, through Gatehouse employee Taylor Tennessean appearance, Reed by. Michael Reed Work Experience and Education. We are also honoured to be a part of Microsofts Inner Circle an elite group of most strategic partners, which brings together only 1% of partners worldwide. Previously, he had been Chief Executive Officer of. Mikes your guy. This affair may die down, or continue to percolate. Taylor would maintain both his publisher role and his continuing role heading Gatehouse western states 100-plus newspapers and its national events business. Privacy statement | Terms of use | Cookie policy. }Customer Service. how far is ukraine border from moscow? Gannetts superior national ad sales force can help fix that. The bipartisan Problem Solvers Caucus small Connecticut newspaper by michael Schroeder committed to empowering deal! It is the unfairness of reporters to say they had no idea why an investigation is going on. I got a nice note back from Lark-Marie Antn, the chief communications officer, saying that theyre seeing improving revenue trends in Q1, expect to repay at least another $120 million in debt this year, and that theyre focused on delivering remarkable work every day. Mike Reed, she said, was not available. The tone stayed cordial, with jokes and laughter punctuating pointed questions and candid answers. Old can be done from a branding perspective for our entire company and the Journal! He looks across the vast carnage of his work and sees a lot of unemployed journalists who are to blame. Given that USA Todays site remains free, I asked Reed if that goal wasnt wildly ambitious. Gannett is among the chains that have aggressively raised the price of print plus digital subscriptions. Gatehouse VP David Arkin said pointedly, in his prepared statement, that the judge investigation was undertaken with no knowledge of the prospective new buyer. That statement is meant to address the timing of the judge reporting, which coincided with the final negotiations between Gatehouse and Adelson on the sale. That would encourage our customers to go elsewhere. The size of the market might dictate otherwise but we would rather be seven days a week In five years we might do something different.. The EIN for the organization is 59-1630423. Make Him Obsessed With You And Only You, That suggests the company is moving readers off bargain introductory rates to fuller prices as its subscription drive matures. AllSides has high confidence in this bias rating. Reed: A recession next year. Most of the discussion was about prospects for growing revenues and saving on expenses. He was formerly the President and Chief Executive Officer of Community Newspaper Holdings, Inc. (CNHI), a leading publisher of local news and information, and had served in that capacity since 1999. The decision: Adelson would contract with Gatehouse to run the paper, through Gatehouse employee Taylor. Even that agreement may not last long. The study was an article that reviewed studies. Given the new companys huge $1.8 billion debt load to finance the purchase and promises of at least $275 million in cost-cutting synergies, staffers have every reason to worry about their jobs and other budget pinches. What was that story? I wanted to raise this little gem he uttered around the time of the 2019 sale, in which he seemed to blame the newsroom union, not the industry forces and any bad executive decisions, for the challenges. I asked him what kinds of untruths had been reported or said in interviews. arj barker wife whitney king; why did darcy pay wickham to marry lydia. Within a few years, he hopes to be able to say we are not declining. That would also shoot up the valuation of the companys stock. WebWe also wonder if Gannetts shareholders, employees and vendors are aware that the Scottish National Party, which is promoted every day by The National, was founded and One fact to consider speaks to two things. Branson's Virgin Orbit files for bankruptcy, JPMorgan's Dimon says US banking crisis not over, sees long repercussions, UBS names Sergio Ermotti as new CEO and president, Musk denies report on SpaceX's plans for new funding from Saudi, UAE, In the background, Inditex heiress sets tone for Zara revamp, Dogecoin jumps as Musk's Twitter flips logo to Shiba Inu dog, Marketmind: Bank fears ease but yields curb investors' enthusiasm, Elon Musk, WHO spar on Twitter over U.N. agency's role, Musk, experts urge pause on training of AI systems that can outperform GPT-4, Bill Gates says calls to pause AI won't 'solve challenges', Chairman, President & Chief Executive Officer. A lot of media people have been spun by untruths spun in that newsroom. Then, last Thursday, Adelson surprised Taylor and the R-J by announcing a new publisher, who would work directly for, and be paid by, Adelson. But there is something else at play here: We are at a perilous moment in our civic life. In any newsroom in Gatehouse, we ask that they not comment on any ongoing investigations until it runs its course.. Reed said that he did not know yet exactly how many there will ultimately be. Gannett's CEO is getting rich by gutting a newspaper near you There are, to be very clear, thousands of very strong journalists working at Gannett organizations across America, performing vital work against all possible odds. Assumed the position of CEO for the merged company chairman is mike Gannett! Rick, thanks for the reporting on this. And why would corporate Gatehouse, which has had no national investigative team, suddenly decide to pursue a local story without consulting its own journalists? Mr. Reed was also a member of the Board of Visitors of the University of Alabamas College of Communication and Information Sciences and was a member of the Grady College Journalism Schools Board of Advisors. Mr. Reed formerly served on the Board of Directors for the Newspaper Association of America, including one year as Chairman. Just in the last week, Adelson has appointed his own publisher, and soon his own editor, as he puts his imprint on his new property (Sheldon Adelson takes full control of the Las Vegas Review-Journal). Every day, we see, all around us, the positive effects of a more tole It was just awful., Here are more highlights as Reed and the staff of one of old. Mike Reed, Gannett's $7.7 million man, announced another round of truly astonishing cuts earlier today in an all-hands memo shortly after holding a brief town hall meeting. Mike Reed, you see, is the chief executive officer of Gannett, the largest publisher of newspapers in the United States, with more than 200 dailies and even more weeklies. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. USA Today is owned by the Gannett Company, headquartered in McLean, Virginia. It forced employees to take furloughs and other assorted pay cuts, paused the company 401(k) match, consolidated and closed papers, and froze hundreds of open jobs. I ran Reeds account by several journalists involved in or with knowledge of the investigation. Did Reed buy Gannett with a Discover card? All Rights Reserved. Analysis That contract, under which Gatehouse managed the paper for Adelson, had recently produced some positive changes (POLITICO: Gatehouse moves to repair Las Vegas damage). Gannett Co., Inc. 2023. NewsGuild members protest Gannett CEO Mike Reed outside NYC conference The interview was conducted just before the public announcement of Gannett's more than 400 layoffs at Gannett titles across the country. The company is groaning under more than a billion dollars in debt from the sale, debt that had an initial interest rate north of 11 percent. In 2007, Reed contributed to U.S. Gatehouse was engaged to tackle an investigative story in Las Vegas with no knowledge of the prospective new buyer [Adelson]. British Lions 1974 Infamous '99 Call, He has also been a member of the board of directors since October 2006. Gannett Ten Years Down The Road - Radio Ink It forced employees to take furloughs and other assorted pay cuts, paused the company 401(k) match, consolidated and closed papers, and froze hundreds of open jobs. In 2019, Reed set his sights on Gannett, another massive newspaper consolidator, albeit one with a prouder history. If federal authorities believe that there was an attempt to pressure or influence Nevada judges, they may give scrutiny to the why and what of the affair, though Nevada shield laws could make such an inquiry more difficult. The prediction here is that Mike Reed, unlike the rest of his company, will have done just fine. All Rights Reserved. The oldest executive at Gannett Co Inc. is Laurence Tarica, 70, who is the Independent Director. Gannett CEO and key executive team | Craft.co Please visit our FAQs. Politics SCOTUS . While Adelson owned a. A boat containing 14 bodies appeared in the Caribbean.