Papers vs. profits: Questions persist about priorities at GateHouse Media

PAPERS VS. PROFITS Amid struggles at the region's largest newspaper chain, questions persist about GateHouse Media's priorities. Boston Business Journal report By Don Seiffert  BOSTON, MA: There are two competing narratives about what’s going on at New England’s largest newspaper chain as GateHouse Media's parent, New Media Investment Group, considers a merger with Gannett. And whichever one turns out to be more accurate has big implications for the region's media landscape. Share More :
more

The Future is Here – Industrial News Loses 100’s of Jobs Nationally

NEWS STRONG - Future shock for GateHouse as it lays off journalists and merges its smaller papers. Boston, MA: WGBH Dan Kennedy reports - In his book “The Inevitable,” the technology journalist Kevin Kelly writes, “The future happens very slowly and then all at once.” That seems like as good a description as any of what’s going on at GateHouse Media, the nationwide chain that owns more than 100 newspapers in Greater Boston. After years of gradual contraction, the company is suddenly laying off journalists by the dozens and merging its smaller weeklies. In fact, you might say the future has arrived as…
more

21 U.S. Senators sign scathing letter urging Alden Capital Journalism Traders to drop hostile MediaNews Group takeover of Gannett

Reading Eagle JIM LEWIS reports - A week after signing a scathing letter urging Alden Global Capital to abandon a hostile takeover of Gannett, Sen. Bob Casey Jr. said Wednesday that he'll be watching “closely” as the controversial hedge fund purchases Reading Eagle Company's assets.
more

Gatehouse Journalism Traders Plans to BUY BACK 100 mil in Stock using eliminated top job dollars

Boston, MA: Gatehouse continues widespread job eliminations as it pockets cash to buy back stock. Neiman Lab Ken Doctor reports - GateHouse’s new round of layoffs fits the sad logic of the coming consolidation Laying off about 200, hiring about 30: In the short term, cost-cutting and mergers are just about the only plays in the playbook. Today’s editorial managers find themselves in the lemonade business. Their assembly line of lemons keeps gaining speed, and they have to constantly find new recipes to make lemonade out of thinner and thinner ingredients. On Thursday, GateHouse — New Media Investments, or NEWM — unleashed…
more
News

BEYOND ENGAGEMENT: A HOPEFUL PEEK AT THE FUTURE OF COLLABORATIVE JOURNALISM

Dig Boston CHRIS FARAONE reports - Dear Reader, I have come to give you a report from the front lines of reporting in the future. The battlefield is ravaged, with limbs of stubborn old-school hacks blown all about; still, there is light in independent media, for we have come to understand that competition is a lock while cooperation is key. Such soothsaying was possible last week in Philadelphia, where DigBoston co-publisher John Loftus and I joined more than 150 change agents who take pride in pushing buttons and envelopes. Hosted by the Center for Cooperative Media at Montclair State University in New…
more
News

Red Sox, Boston Globe owner John W. Henry and unknown investors consider Encore Casino Takeover following visit with President Trump

Boston Red Sox John W. Henry teams with President Donald Trump at The White House World Series Champions Victory Party May 9, 2019. The Boston Globe reports – Boston, MA: Boston businessman John W. Henry, principal owner of the Boston Red Sox and the owner and publisher of The Boston Globe, backed by a group of potential investors, quietly investigated buying the Encore in 2018 and again just weeks ago, Henry confirmed … Share More:
more

New Jersey Herald Sold to Gatehouse Media

HERALD STAFF May. 16, 2019 11:41 am Updated: May. 17, 2019 11:12 am NEWTON – The New Jersey Herald, in operation since 1829, is being sold to GateHouse Media. In announcing the pending sale to Herald staff Thursday morning, Ralph Oakley, CEO of Quincy Media, the newspaper's current owners, said, “We are proud to have been associated with the New Jersey Herald for more than 50 years. “The paper has done a wonderful job of covering the Sussex County area. This change in ownership will allow the newspaper to continue as a very important institution in this region.” Joe Vanderhoof,…
more

California Man Pleads Guilty to Making Violent Threats Against Boston Globe Employees

DOJ BOSTON reports - BOSTON, MA – A California man pleaded guilty today in federal court in Boston in connection with making violent threats against Boston Globe employees in retaliation for the newspaper’s editorial response to political attacks on the media.  Robert D. Chain, 68, of Encino, Calif., pleaded guilty to seven counts of making threatening communications in interstate commerce. District Court Judge William G. Young scheduled sentencing for Sept. 23, 2019. On Aug. 10, 2018, the Boston Globe announced that it was requesting other newspaper publications around the country to publish a coordinated editorial response to political attacks on the media. The coordinated…
more

Billionaire Etiquette Newhouse Family owned Advanced Local Sells off New Orleans Times Picayune Newspaper & NOLA website. New Owner Fires Entire Staff

Randy Siegel, chief executive of Advance Local, said the company does not intend to sell any other papers. “This was a one-off,” Siegel told The NY Post.
more