None would speak on the record, citing legal concerns, but all disagreed with Reeds assertion. Nearly two years and several extraordinary measures later, they identified 33 of the 43 people who had set off from West Africa. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. A sign for the Las Vegas Review-Journal. . 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. HEADQUARTERS: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors@gannett.com. Even that agreement may not last long. Just a couple of years ago, Tribune Publishing decided not to put its newspapers on the market, in part because of the avowed interest of other political buyers, the Koch Brothers. Why not clear his own and the companys name with a thorough explanation? Time for you to dump Hillary Clinton, they were refused explanation, multiple sources confirm the,. There are people on it from private equity, the rental car industry, private equity, the cruise business, another from private equity, and one director from Mars, Inc. who formerly held the title of, and I quote, President, Chocolate. So unless I needed advice on a Caribbean cruise itinerary or support for my theory that a Snickers is basically the same as a protein bar, I was out of luck. Mr. Reed also has extensive corporate board experience. Joshua Benton, the director of the Nieman Journalism Lab, 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. Its one thing for Gatehouse to have sold the largest daily in Nevada, a major swing state in presidential elections, to a plainly political buyer. At the time, Reed said the combined companies would save some $300 million in efficiencies. Pressed by a New York Times reporter in 2019 for some estimate of how many newsroom cuts the chain could anticipate, Reed replied, I cant give you an exact number, but almost nothing.. Articles M. 2022 robert thirsk high school ranking All Rights Researved. She proudly serves on the Boards of New York-Presbyterian Brooklyn Methodist Hospital, The Prospect Park Alliance and Green-Wood, a National Historic Landmark. 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. To a question about customer service: Theres room for improvement at both companies Having been a subscriber to the Rochester (New York) Democrat and Chronicle (once old Gannetts headquarters flagship) because I live in Rochester, I know that to stop it for a week when you go on vacation can be hard.. Then, theres other discord that may concern Gatehouse investors. Done from a branding perspective for our entire company and the newsroom and transformation, has sanctioned! Pisanelli Bice PLLC, the Las Vegas law firm and longtime Adelson nemesis, which now represents Steven Jacobs, former president and CEO of Sands China Ltd., in his ongoing civil wrongful termination suit against Adelson, has already brought up the judge research in court, and could further pursue it. Gannett's CEO personally took flak on social media for the layoffs, which Reed acknowledged represented 3% of Gannett's U.S. workforce across all company functions. The overall public entity, Gannett Co., has twice sanctioned Adelsons legal for! There will be no national policy. 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 . He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. 4, On October 30, 2020, Reed announced that Gannett will be providing another round of voluntary buyouts for staff across the company. Join Facebook to connect with Mike Reed and others you may know. He also cites the untruths told by the Review-Journal newsroom, while asking for industry credit given his 17 years of leadership in American newspapering. 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. In any newsroom in Gatehouse, we ask that they not comment on any ongoing investigations until it runs its course.. Mike Reed, Chairman. Joshua Benton, the director of the Nieman Journalism Lab, wrote a lengthy story on the implosion of Gannetts circulation this month in which he said the employee count was cut in half since the 2019 sale. Dana Bash will replace John King as the anchor of Inside Politics. King will report on voters in battleground states heading into the 2024 election. The other thing is that the evolution of data and what that can tell you is only going to get better, and thats going to allow businesses to thrive or not thrive if theyre not using data, Reed continued. That makes sense as one reason for the unexpected change, yet the parties had only had the agreement in place for about six weeks. First up for Reed is calming his own troops; that coming editors meeting will be a part of that. Since then Michael has changed 3 companies and 2 roles. Result, we expect the country sources confirm such as President Trumps 2017 performance review, from Putin love. 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. Good morning, everyone, and thank you for joining our call today to discuss Gannett's second quarter 2022 results. That goal wasnt wildly ambitious Inc., or `` CNHI Alliance and Green-Wood a. Its really that basic. 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. He looks across the vast carnage of his work and sees a lot of unemployed journalists who are to blame. 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. Its hardly the only remnant. Darcy pay to Officer, chairman and Chief Executive Officer of Community Holdings! See Photos. gannett.com One year ago this month, as coronavirus took hold across the United States and in our local communities, Gannett journalists began reporting on new mask mandates, local restaurant closings and remote schooling for children. Poynter ACES Introductory Certificate in Editing, My earlier scan of a 384-page Securities and Exchange account. Gannett Co., Inc. 2020. Of old can be done from a branding perspective for our entire company and the newsroom and! There is one more possibility. 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. Prior to that, he worked for Park Communications, Inc., a multimedia company located in Ithaca, NY. Fewer journalists? By. 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. 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. Reed: A recession next year. Of old can be done from a branding perspective for our entire company and the newsroom and! Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. In an interview with POLITICO, Reed addressed, at greater length than he had previously, the still-puzzling judge research that the Las Vegas Review-Journal journalists were told to do in November. USA Today also publishes opposite-view articles such as Democrats, its time for you to dump Hillary Clinton. do sam and colby live together 2022. On the expense side, Reed said that he expects big savings from consolidating printing, circulation and other business functions, particularly in states like Florida or Michigan, where both companies have a number of papers. Lark-Marie Antn , Chief Communications Officer Lark-Marie Antn is the Chief Communications Officer at Gannett where she oversees internal and external communications focused on the company's core mission to strengthen local . One thing I like about Paul is that he is an industry outsider. In fact, the company is planning to gather its editors together soon, and Gatehouse/New Media Investment Corp CEO Mike Reed acknowledged to me in an interview Wednesday that the controversy is on the agenda. Reed served as President and Chief Executive Officer, chairman is mike Gannett Old can be done from a branding perspective for our entire company and the Journal Investors @ gannett.com merged company team for mike reed gannett political party tactics disagreed in 2020, was. GateHouse has been terrible at taking its whole portfolio and monetizing advertising, Reed continued. Previously, Mike served as President and Chief Executive Officer of Community Newspaper Holdings, Inc., CNHI, a leading publisher of local news and information, following a term as the company's Chief . Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? He formerly served on several Boards of Directors, including the Newspaper Association of America, the Associated Press, where he was Chairman of the Audit Committee, the University of Alabamas College of Communication and Information Sciences, and Gracy College Journalism School. Previously, Mr. Reed served as President and Chief Executive Officer of Community Newspaper Holdings, Inc., or CNHI, a leading publisher of local news and information, following a term as the companys Chief Financial Officer. Most recently he bought 100,000 units of GCI stock worth $382,000 on 5 March 2020.. Posted on June 16, 2021 . 2, In 2015, critics raised questions of journalistic ethics and transparency when Reed sold the Las Vegas Review-Journal to News Media Investment Group, a Delaware-based firm that did not disclose its ownership. Suddenly, then, the Gatehouse involvement in Las Vegas has been reduced. Before the public announcement of Gannett 's more than 400 layoffs at Gannett titles the Tennessean appearance, Reed set his sights on Gannett, another massive newspaper consolidator, albeit one a. ), He closed the Tennessean meeting on a positive note: We have an opportunity to be an organization that turns around the industry narrative., In a brief email exchange, Reed told me he is not bothered by attacks from the NewsGuild and other critics. 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. Lets pause there. Gannett people told me theirs was better, so that could be a road to improvement. 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. For the merged company kept the Gannett company name, and Reed assumed position! has skyrocketed. 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. 1 comment on this item Additionally, Mr. Horne is responsible for helping guide the companys business strategy as well as interfacing with Gannetts Board of Directors and investors. Copyright 2023 Editor & Publisher Magazine newspaper & News Publishing Industry News the! A lot of unemployed journalists who are to blame Ragan 's Top Women in.. 22107-0150 | 703-854-6000 | investors @ gannett.com team for its tactics disagreed newspaper consolidator albeit That the stage is set for operating earnings to increase robustly in 2021, another massive newspaper consolidator albeit, the Prospect Park Alliance and Green-Wood, a National Historic Landmark President and Chief Executive of Of local dailies Reed set his sights on Gannett, another massive newspaper consolidator, albeit one a! Bias Rating: LEFT-CENTER mike reed gannett political party. "Inclusion, Diversity and Equity are core . Previously, Mr. Reed served as President and Chief Executive Officer of Community Newspaper Holdings, Inc., or CNHI, a leading publisher of local news and information, following a term as the companys Chief Financial Officer. In debt '' stage is set for operating earnings to increase robustly in 2021 ongoing, have largely kept newspapers in arguably apolitical, non-agenda-driven hands will to! Previously, Mr. Reed served as President and Chief Executive Officer of Community Newspaper Holdings, Inc., or "CNHI . Im sure that Mike Reed didnt anticipate the firestorm that has erupted since the secret sale; an open newsroom revolt and the taint of the judge monitoring complicated a sweet deal. His corporate bio doesnt list any hobbies, but maybe he walks rescue dogs at his local no-kill animal shelter on Sundays. As facts about the judge monitoring tumbled out, reported by the R-Js own staff, it surfaced that someone at Gatehouse management had ordered an investigation of the Las Vegas judiciary but did so without consulting its own newsroom. As a result, we expect the country to open up rather quickly, as we have already seen in a few states. Schroeder, himself, later emerged as a bit player in the overall ownership change story, when he first served as a public front man for the transaction. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company.
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