By the terms of its agreement to manage the company, Fortress earned $19.4 million in compensation last year from New Media, based on the conventional private equity standards of a management fee of 1.5 percent of New Medias total equity and incentive compensation. Each acquisition increases that total equity, providing a compelling rationale for more buying of newspapers. View and pay your monthly statements online for FREE when you pay by e-check (ACH), from your checking or savings account. All. Read what they think about their salaries on our Compensation FAQ page for Gatehouse Media. GateHouse Group The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Those numbers may have knocked about 4 percent off the share price this week. Town of Hanover 550 Hanover Street, Hanover, MA 02339 781.826.5000Statement on Community InclusivenessWebsite Disclaimer Hours & Directions SubscribeGovernment Websites by CivicPlus . Full time work week is 77.50 hours per week. OptOut aims to be a daily news app 100% free from corporate media narratives., The largest, most profitable, most powerful companies in the world ought to be judged based on how they are impacting the present, not based on their pitch decks for what the future might someday look like.. Generally, worker classification impacts things like whether a company must pay for unemployment insurance and workers compensation, withhold taxes and adhere to overtime laws. The lowest-paid workers at Gatehouse Media Massachusetts I Inc make less than $27,000 a year, while the highest-paid workers earn over $61,000. Fortress reaped lucrative management fees along the way to the tune of $21.8 million in 2018. 2.5 Baths. Please contact usif you find an error in the database. Cookie Settings/Do Not Sell My Personal Information. }}, To promote and elevate the standards of journalism, Covering thought leadership in journalism. . 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. The settlement is restricted to papers that carried Lens, and are concentrated in Greater Boston. SEC records indicate Davis will receive $726,000 if new owners rightsize him, including a $461,000 severance payment and a quarter of a million dollar bonus. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. A Massachusetts Appeals Court has ruled that newspaper carriers for Gatehouse must be classified as employees, not independent contractors. If we stay on the current trajectory, its utterly plausible that AI language tools will begin to blend into our daily workflows, similar to how Google and Google Translate have. Whats clear, though, is that the company plans to extend its strategy buy more papers, monetize those readers better through Propel and other initiatives, and continue to cut, cut, cut those newsroom staffs. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. The inclusion of a person or entity in the IIAS Database is not intended to suggest or imply that they have engaged in illegal or improper conduct related to PPP Loan (scam). When . *Update:I have learned that the proposed settlement pertains to most but not all GateHouse Media papers in Eastern Massachusetts. How Much Does Gatehouse Media Massachusetts I Inc Pay? Find out more about how we use your personal data in our privacy policy and cookie policy. | ref = {{harvid|Doctor|2017}} This employer has not claimed their Employer Profile and is missing out on connecting with our community. view full report. VAT/CVR. Job Title. If you visit many GateHouse papers online right now,* youll see a Legal Notice linking to the settlement documents, which include instructions on how to file a claim. As with Reeds twin announcements Tuesday more acquisitions, but also more reductions in staff we see the GateHouse/Digital First Media playbook in its full application. On Jan. 12, Randall Stephenson, CEO of AT&T and would-be acquirer of CNN through its in-progress Time Warner purchase, paid a visit. Businesses who took out these loans could spend the borrowed sum on: Federal authorities are aggressively targeting individuals and companies for PPP loan fraud. Based on her account, delivery was started on 6/26/22 and . I agree to receive promotional communication from GateHouse Media and its affiliates. United States GateHouse USA Corp. 370 Jay Street, 7th Floor 11201 Brooklyn, NY. He said, "The new Gannett/Gatehouse CEO is getting $4.5 million in bonuses and stock just for walking in the door.Must be nice to be a newspaper executive." The new Gannett/Gatehouse CEO is getting $4.5 million in bonuses and stock just for walking in the door. Contact Information. 4 likes. How much do Gatehouse Media employees make? Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? IIAS intends to offer a platform where suspicious activities related to PPP loan can be shared and discussed in a secure environment. 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 . New York Times CEO Mark Thompson sparred with Trump on his year-end call, but Newtons point is right on: There are CEOs of major media companies (and companies that own media companies) employing many tens of thousands of workers who are being called dishonest. 2023. How much are their once-robust newspapers, especially across the kinds of heartlands that New Media serves, helping them separate fact from fiction? GateHouse Media, Pittsford (town), New York. The deal will formally close by the end of 2019. While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. Disclosure would be clearer and more prominent than it had beenpreviously. Meet the first-ever artificial intelligence editor at the Financial Times. How much do Gatehouse Media employees make? Attorney James Simpson, who represented the carriers, will get $141,652. Stay up-to-date on the latest best practices, tips & tricks, e-books, infographics, and other marketing resources to help grow your business. Lens carried acover price of $3.95, thoughsubscribers to the papers were assessed $2. All other trademarks are property of their respective owners. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. Nieman Journalism Lab. | work = [[Nieman Journalism Lab]] (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) The specter of Trump-related foreign ownership may be a misplaced apparition but it shouldnt obscure the real specter of a faster chain roll-up of newspaper ownership in America. Even a single PPP loan fraud case might involve multiple criminal laws. SOLD FEB 15, 2023. The drivers are barred by the settlement from speaking to the press about it. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. The settlement Class covers persons who, between April 1, 2014 and March 21, 2017: Resided in Massachusetts; Purchased a subscription to a GateHouse Media publication from GateHouse Media; Received one or more Premium Edition publications; Were charged a surcharge for the Premium Editions; and. 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. Nieman Journalism Lab. DK-9400 Nrresundby, United States Fri: 08.00 15.00 See Gatehouse Media salaries collected directly from employees and jobs on Indeed. Its parent company, New Media Investment Group, merged with Gannett in 2019. 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. 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 FOUNTAIN ROCK MANAGEMENT CORPORATION a Scam? Offer expires 9/30/19. . | last = Doctor Password protected. 552 (Freedom of Information Act), Up to three-quarters of the $800 billion in disbursed PPP funds flowed to business owners instead of workers, study finds. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales . make payments. As 12-decade-old newspaper companies get sucked up and shrunken by financial managers sending what seem to be outrageous profits as far off as Tokyo, the whole notion of newspaper executive leadership has ebbed away. The lawsuit, brought on behalf of two GateHouse newspaper subscribers byKurtzman Carson Consultants, claimed that GateHouse violatedMassachusetts law by failing to disclose its subscription policies adequately. Under the settlement, GateHouse continues to deny any wrongdoing. Heres another: All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. Web. 0:42. Get your business & brand in front of the right audience with our special offers, limited time deals, seasonal . These amounts were reported to the SBA by the company. A world of community leadership as uneven as it really was over the decades has been quickly eroded. What do they think they know? 2023 DataOceans LLC for GateHouse Media. Gatehouse Media. saved to your. The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people dont lose their employment. Save my name, email, and website in this browser for the next time I comment. Though GateHouses strategy makes a huge difference to the millions of people in the communities its newspapers serve, the likelihood of any new political, Trump-related pressure on this local press seems small. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Word of an overall 4.6 percent budget cut across the chain is rifling through company. You must attribute this work to Media Nation (with link). You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. New Media Investment Group Inc., the parent of GateHouse Media, is buying Gannett Co. in a cash-and-stock transaction, the companies said Monday. The 10,000-plus-employee company reaches more than 23 million people weekly via its 145 daily newspapers, 340 community publications, and 570-plus websites in 37 states. If the president attacked any other industry, what would the response be?. By Dan Kennedy The press, politics, technology, culture and other passions. Find company research, competitor information, contact details & financial data for Gatehouse Media, LLC of Pittsford, NY. The data presented on this page does not represent the view of Gatehouse Media Massachusetts I Inc and its employees or that of Zippia. 7 reviews of GateHouse Media "Don't have the MetroWest Daily News home delivered! The lowest-paid workers at Gatehouse Media Massachusetts I Inc make less than $27,000 a year, while the highest-paid workers earn over $61,000. All of the papers the Guild represents that are owned by GateHouse have not had their wages increased in 8 to 10 years, says Melissa Nelson, director of collective bargaining for the NewsGuild-Communication Workers of America. Where does the acquisition money come from? The starting pay at Gatehouse Media Massachusetts I Inc is $27,000 per year, or $12.98 per hour. GateHouse Media, Inc. provides publications services. Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. What do voting Americans know? The parent company of GateHouse Media earlier this month announced plans to buy Gannett in a $1.38 billion deal, which would make the company the largest newspaper publisher in the country. As Softbanks acquisition of New York City-based Fortress Investment Group was announced last week, it appeared, on the surface, as if the direction of more than 100 U.S. dailies would be in the hands of non-Americans. There is no record of GATEHOUSE MEDIA MARYLAND HOLDINGS INC committing any sort of PPP Scam reported anywhere. Hours of work are 145 am to 1030 am seven days a week. Try searching for similar jobs, similar companies, or nearby cities. Salaries posted anonymously by Gatehouse Media employees. GateHouse Media must be doing extremely well since this year's bonuses are over a quarter of a million more than the company awarded in 2010. Starting March 1, 2019,in regard to the payment of legal advertisements for public hearing notifications,Gatehouse Media will bill the fees for legals ads directly to the Applicant. 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. For that work, it gets paid, and well do that math below. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Our tracking data currently support major global logistic operators creating transparency. 373 0. 500 SUNSET AVE ASHEBORO, NC 27203 Get Directions (336) 626-6103. www.gatehousemedia.com . It's Secure. Location. The reality of the Fortress sale, though, is both less sensational and more impactful. A year ago I wrote about the Lens ployhereand here. Gatehouse owns mostly smaller papers. NEW YORK (AP) Just a week after announcing its $1.4 billion acquisition of Gannett, GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the future awaiting employees of what will become the largest U.S. newspaper company.. GateHouse and Gannett say the merger will allow GateHouse to accelerate its newspapers' move to digital while . Clear. Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. For more information, please contact Dan Kennedy at dan dot kennedy at northeastern dot edu. Softbank the Tokyo-based company best known for its investments in Sprint, Alibaba, Yahoo Japan, and online lender SoFi indeed will pay $3.2 billion for Fortress. Is THOMAS, BENNETT & HUNTER, INC. a Scam? No salaries for GateHouse Media Senior Hr Business Partner in Adona, AR. action, pleaes click here. Keenholtz,of Marblehead, and Dorothy Guillicksen, of Hanover, are the plaintiffs named in the class-action suit. Address. There is a significant gap between what Gatehouse Media Massachusetts I Inc pays the bottom 10 percent of earners and the top 10 percent of earners. Its a project of the Nieman Foundation for Journalism at Harvard University. Why not just raise the subscription price? 62 E Broad St. Columbus, OH 43215-3503. NOTE: Legal ads as written by each board/committee will still be submitted to Gatehouse Media by the individual board/committee- this change in payment policy effects only the billing ("Bill to: ") aspect of the legal advertising process. 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. The rest of the money will be split among the drivers who submitted claim forms. Value of Showcase ad is $600. Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. One driver, who spoke to a reporter on condition that his name not be used, said there have been no changes in working conditions due to the lawsuit. I asked New Media CEO Mike Reed and COO Kirk Davis for comment on the annual results and their 2017 plans, but received no response. Consequently, we can discount the would-be dot-connecting from Trump to Softbank to Fortress to GateHouse and all the confusion about who owns what in this saga. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); IsItaScam.com allows you to expose any case where someone created a fictitious entity to get a loan, overstated the number of employees or size of payroll to get a bigger loan than was permitted, or misused the proceeds for something other than the authorized expenses. GateHouse, according to the proposed settlement, denies any wrongdoing on its part but agreed to the settlement based on the risks and potential cost of the litigation and the benefits of the proposed Settlement. Kirk Davis, GateHouses chief executive officer, declined to comment. GateHouse Media. No salaries for GateHouse Media Internal Audit in Poughkeepsie, NY. Enter your email address to follow this blog and receive notifications of new posts by email. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." Gatehouse Media employees attributed a compensation and benefits rating of 2.5/5 stars to their company. 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), Their customer service department is deplorable. In this ever-toughening local newspaper environment, even New Media Investment Group walks a thin tightrope, further proving that single-class public companies serve the needs of transitioning news efforts poorly. This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The looting of the Covid relief plan known as PPP, 22 people charged in connection with a multi-million dollar Paycheck Protection Program fraud scheme, Small Businesses Are Being Hit by PPP Loan Scams, 15% of Paycheck Protection Program Loans Could Be Fraudulent, Study Shows, Man Passes Out After Hes Found Guilty of PPP Loan Fraud, Cape Coral woman pleads guilty to PPP loan fraud, accused of using money for a pool, PPP Loan Scams: 900 open criminal investigations, 100 arrested so far, Bank Fraud Involving PPP Loans Could Lead to Prison Time, Even for Relatively Small Advances, Money from the COVID Paycheck Protection Program was allegedly largely misspent, Florida Man Charged With PPP Loan Fraud After Allegedly Misusing Millions To Buy Luxury Goods. President and Fellows of Harvard College, unless otherwise noted. Patriot Ledger. GateHouse Maritime A/S: DK37439568 If all goes according to plan, America's two largest newspaper chains will become one by the end of the year. the other two being Halifax Media Group and GateHouse Media. But have they used it correctly? Box 779 Worthington, OH 43085 614-406-5651 info@gatehousemediapartners.com . Helpfulness Rating Date. And if youre the CEO of one of the chains, youre probably far more interested in the increased chances of cross-ownership. In the laissez-faire regulation environment taking shape under Trump, newspaper publishers and local broadcasters may well for the first time be able to combine their enterprises. . Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition. As tax-payers, we need to hold businesses accountable and ask serious questions. However, that can change quickly, and this page allows employees, citizens and consumers to share information on GATEHOUSE MEDIA MARYLAND HOLDINGS INC they are privy to, and expose any/all wrongdoings. If antitrust regulators approve the merger, GateHouse . Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). At GateHouse Media, the highest paid job is a Director of Sales at $229,702 annually and the lowest is an Editor at $34,554 annually. Email this Business. GATEHOUSE MEDIA MARYLAND HOLDINGS INC applied and was granted a PPP loan, GATEHOUSE MEDIA MARYLAND HOLDINGS INC is located in Hagerstown,MD, As per GATEHOUSE MEDIA MARYLAND HOLDINGS INC, 535000 USD went towards payroll proceeds, HSBC Bank USA, National Association in MCLEAN,VA financed GATEHOUSE MEDIA MARYLAND HOLDINGS INCs PPP Loan. For that work, it gets paid, and we'll do that . Gatehouse Media Massachusetts I Inc Salaries, To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). 2.1 Job Security & Advancement. Salary information comes from 164 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Is PPP Loan Fraud The Largest Fraud Of All Time? Nearby Recently Sold Homes. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email a link to a friend (Opens in new window), Email: dan dot kennedy at northeastern dot edu. While New Media must allocate income to profit, as do its peers, it must also allocate money to Fortress which, of course, would claim that its earning that payment. 3 Beds. The Boston Herald is being sold to GateHouse Media for $4.5 million in cash, as publisher Patrick J. Purcell is giving up his long, expensive struggle to keep Boston's second-largest daily . Its more than that though. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. Gatehouse Media employees attributed a compensation and benefits rating of 2.5/5 stars to their company. 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. 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 . Strmmen 6 Its not the only playbook out there, but its the most used. Furthermore, GateHouse is closed on December 31. This significant and troubling story described the merger of Gannett GateHouse Media, a . If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Massachusetts Appeals Court rules against Gatehouse, says its newspaper carriers are employees. {{cite web Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee), Employee allowances (sick leaves, medical, parental, and vacation pay), The first charge would be wire fraud. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. GateHouse Media reserves the right to alter these terms and conditions by posting new terms and conditions, communicating them via e-mail or through the Customer Service Portal, or by otherwise communicating them. GateHouse Media is a leader in local content and advertising in hundreds of communities across the country. It believed in its methods to cut costs by replacing inconsistent management. 4 %. Gannett, the owner of the Argus Leader in Sioux Falls, USA TODAY and more than 100 local newspapers in the United States, has agreed to merge with GateHouse Media, the owner of two South . Clues from a newsroom thats been using AI for years. Your trust is our top concern, so companies can't alter or remove reviews. GateHouse made a contract proposal for retroactive medical and dental increases or a corresponding pay reduction, if the employee so chooses. At best, GateHouse puts together a cluster of newspapers best for cost-cutting efficiency and consolidation and takes over a newer printing operation that it can use for centralized, again more cost-efficient, publishing. United States 287 reviews. No salaries for GateHouse Media Distribution Manager in Tallahassee, FL. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. Payment Method: UNVERIFIED. Under the agreement, subscribers may receive a refund or have their subscriptions extended if the proposed settlement is approved in Superior Court. During round 1 of the paycheck protection program, GATEHOUSE MEDIA MARYLAND HOLDINGS INC requested a PPP loan for 535000 USD. New York Observer, 5/15/2015, Dan Kennedy exercises the bloggers imperative to bloviate beyond his expertise. About us. Plus, as feels universally true in these bewildering times, there appeared to even be a link to Donald Trump. The settlement does not require GateHouse to change its practices regarding how it pays, classifies or treats the drivers. Ratings by category. GateHouse owns numerous Massachusetts newspapers in addition to the Patriot Ledger, including the Cape Cod Times, the Worcester Telegram & Gazette, the MetroWest Daily News and the New Bedford Standard-Times. GateHouse Igniter A/S: DK41395281, Find more information about GateHouse Martime on the website, Find more information about Gatehouse Satcom on the website, Find information on contacting Board and Management members. Nieman Journalism Lab. Most prominent among those premium publications was Lens, an advertising vehicle published several times a year that was delivered along with GateHouse papers. | first = Ken As recently, as three weeks ago, New Media bought five daily Dix newspaper properties in northeastern Ohio. [4] As we have discussed earlier, GATEHOUSE MEDIA MARYLAND HOLDINGS INC received a substantial amount of money through the SBA program. Thats about a tenth of all the 1,375 dailies in the country. If you think GATEHOUSE MEDIA MARYLAND HOLDINGS INC has done something nefarious, then report them here using the review box at the bottom of the page. 2023 NYP Holdings, Inc. All Rights Reserved, More than 200 Gannett staffers stage one-day strike over wages, Gannett apologizes for running obituary trashing ex-NYPD cop, USA Today demoted me for a tweet because its woke newsrooms are out of touch with readers, USA Today removes 23 articles after reporter fabricated sources. Community Development and Municipal Inspections, Center/Sylvester School Building Committee, WaterSmart MS4 Sediment and Erosion Control Poster. It invokes, Bank fraud charges might also be filed against you.
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