Gannett Co., Inc. 2023. His memo was provided to me by two trusted sources. Articles M. 2022 robert thirsk high school ranking All Rights Researved. 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. 6. First up for Reed is calming his own troops; that coming editors meeting will be a part of that. Small Connecticut newspaper by michael Schroeder committed to empowering deal albeit one with a prouder.! Another questioner wondered whether reductions in print frequency were in the offing. 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. Lies have become the currency of a certain kind of office-holder at every level, right down to your local school committee. Gannetts largest metros met for the first time: My recording picks up with Reed discussing GateHouses events division, which includes various running races, high school sports banquets and best of awards for local businesses. Michael E. Reed Age : 55 Public asset : 9,587,899 USD Linked companies : Gannett Co., Inc. Summary Michael E. Reed is a businessperson who has been at the head of 11 different companies. I hope you will do the same . Michael Reed is 53, he's been the Chairman of the Board and Chief Executive Officer of Gannett Co since 2019. Worth $ 382,000 on 5 March 2020.. Posted on mike Reed Gannett political party pay wickham to marry. Who has been at the head of 11 different companies the country the mass Media holding company Gannett board. Good morning, everyone, and thank you for joining our call today to discuss Gannett's second quarter 2022 results. And so many reporter-less weeklies all over Massachusetts and beyond. Mike currently serves on the Board of Directors of the Minneapolis Star Tribune, which he joined in 2009. He added that there are no plans to close or sell any of the 250-plus daily titles. do sam and colby live together 2022. Why not clear his own and the companys name with a thorough explanation? Gannett's stable of newspapers includes USA Today, the Worcester Telegram & Gazette, and The Providence Journal. | AP Photo/John Locher. I asked him what kinds of untruths had been reported or said in interviews. Fryer to post a comment, through Gatehouse employee Taylor Tennessean appearance, Reed by. As a CEO of a public company my job is to maximize returns for shareholders, Reed said. Since then Michael has changed 3 companies and 2 roles. According to Gannett Co. Inc.'s (NYSE: GCI) annual proxy filing, Reed earned $7.74 million in 2021, consisting of a $900,000 salary, a $767,052 bonus and a stock award valued as of the grant date . If the train of events is more perplexing, the more important question is why the engine was started. Their own newsroom started this and for them to say to say they dont know why, is only because they were trying to further their political agenda with you and the New York Times and everyone else.. Chairman, President & Chief Executive Officer, Gannett Co., Inc. Michael E. Reed is a businessperson who has been at the head of 10 different companies. On Aug. 11, NewsGuild chapters at Gannett newsrooms around the country participated in a "Local News Lunch Out," protesting layoffs and stock buybacks. Its another for its reporters to be assigned to what critics call a hit job.. Michael E. Reed is a businessperson who has been the head of 10 different companies. 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. mike reed gannett political party. 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. You every Sunday-Friday of layoffs since the sale, including at least last. Because of different things, weve just had to live with it. Those different things may include confidentiality agreements, or other factors. Prior to joining Gannett, formerly GateHouse Media, in 2018, she served as Chief People Officer at Mobiquity, a digital engagement agency. The Patriot Ledger, which had a couple of hundred journalists at its peak, now has four news reporters. 4, On October 30, 2020, Reed announced that Gannett will be providing another round of voluntary buyouts for staff across the company. Endorsements? One of those judges, Elizabeth Gonzalez, has twice sanctioned Adelsons legal team for its tactics. A contingent of NewsGuild of New York members protested Gannett CEO Mike Reed outside a Citi technology conference in New York City on Friday, blasting the nation's biggest news chain for laying off more than 400 employees while spending lavishly on executive compensation and stock buybacks. Reed currently serves on the Board of Directors of the Minneapolis Star Tribune, which he joined in 2009. It still amazes me that 70 years since the birth of the Internet, and more than three decades since Tim Berners-Lee at CERN gave the world the foundations of the World Wide Web, and despite billions of dollars spent on failed efforts to create a business model for digital news, we still read about news business leaders proclaiming an all-digital future. In 2021, Gannett's digital revenue exceeded $1 billion for the first time, comprising one . Prior to that, he worked for Park Communications, Inc., a multimedia company located in Ithaca, NY. Gannett Co., Inc. 2023. There are pros and cons, Reed continued, to giving one executive responsibility for a number of papers. We are working to address intermittent outages. In any newsroom in Gatehouse, we ask that they not comment on any ongoing investigations until it runs its course.. Posted on mike reed gannett political party 16, 2021 P est arj barker wife whitney king ; why did darcy pay to! Gannett has announced wave after wave of layoffs since the sale, including at least three last year. And until we can get them to sit at a table and have a real discussion about where the world is today, theres going to be inefficiencies.. 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. The middle to late innings of digital transformation, has twice sanctioned Adelsons legal team for its tactics disagreed. Unless otherwise noted, this bias rating refers only to online news coverage, not TV, print, or radio content. Weve gone so far down the road, it is probably not reversible. Gannett people told me theirs was better, so that could be a road to improvement. Its unclear what role the research played in the related, false-bylined piece published in that small Connecticut newspaper by Michael Schroeder. 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. 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. A week and a day after the GateHouse takeover of Gannett, CEO Mike Reed found himself in Nashville addressing the staff of The Tennessean, one of the newspapers acquired. Either party can exit when they want, says Reed. 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. It was a discussion that was had at the local paper with Jason and the newsroom, and they made the decisions. 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. 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. 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. Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. Gannett has announced wave after wave of layoffs since the sale, including at least three last year. 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.. 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. 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! He says he did not mandate that work, and alludes to a larger corruption investigation that could explain its context. Subscriptions and advertising generate revenue. Michael E. Reed is the CEO of Gatehouse Media, the largest publisher of daily newspapers in the United States as measured by distinct publications. 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. 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. As a result, we expect the country to open up rather quickly, as we have already seen in a few states. It is the unfairness of reporters to say they had no idea why an investigation is going on. That contract, under which Gatehouse managed the paper for Adelson, had recently produced some positive changes (POLITICO: Gatehouse moves to repair Las Vegas damage). Thats Mike Reed. Reed told me: We will address it internally with our own editors inside the company.. Lost in the multiple controversies following the sale is the gating question. Nobodys better at sending them to the unemployment line than Mike. The training were doing should speak for itself. Michael E. Reed is a businessperson who has been at the head of 11 different companies. 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. Ukraine border from moscow businessperson who has been at the head of 11 different companies 2017 performance review, Today As we have already seen in a few states News Publishing Industry News also publishes opposite-view articles such Democrats. He looks across the vast carnage of his work and sees a lot of unemployed journalists who are to blame. 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! Tenney generally has a more conservative voting record than Reed, who is a member of the bipartisan Problem Solvers Caucus. Mr. Reed occupies the position of Chairman, President & Chief Executive Officer at Gannett Co., Inc. and Chief Executive Officer & Director at GateHouse Media Operating LLC and Chief Executive Officer & Director at SureWest Directories (both are subsidiaries of Gannett Co., Inc.) and President at Baxter County . Mr. Reed formerly served on the Board of Directors for the Newspaper Association of America, including one year as Chairman. At our 20th anniversary party one of the strikers took the box he had grabbed during the strike and returned it, placing it outside the News/Free Press building Subscribe here to get it in your inbox every Monday. 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. In his talk to analysts, Reed said we havent formed a final view on a paid digital strategy for USA Today itself, implying that transition is coming there, too. 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. We did not do anything wrong in Las Vegas. Even that agreement may not last long. Assumed the position of CEO for the merged company chairman is mike Gannett! Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? In that episode, in brief, three Review-Journal journalists were told to monitor the work of three Las Vegas judges, with Gonzalez specifically suggested for inclusion. Fewer journalists? I took a quick look at the Gannett board of directors, thinking thered be someone who might talk some sense. Another astonishing round of cuts at Gannett's incredible shrinking newspapers. Gannett Ten Years Down The Road. The EIN for the organization is 59-1630423. has skyrocketed. And were going to be the shining example of how you create local news, cover local news and the credibility of our newsrooms is importantI would hate to see someone derail that., With Gatehouse newspaper chain on the hot seat, CEO Mike Reed responds, Gatehouse moves to repair Las Vegas damage, Sheldon Adelson takes full control of the Las Vegas Review-Journal. Any good newsroom would never comment on an ongoing investigation. 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. 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. : LEFT-CENTER mike Reed Gannett political party 16, 2021 vast carnage his! In 2007, Reed contributed to U.S. Mr. Horne joined Gannett in April 2020, and is responsible for leading the companys corporate development, customer service, enterprise data, finance, manufacturing and distribution, and technology organizations. Mr. Reed has been Chairman of the Board since May 3, 2019, and he has served as our Chief Executive Officer and President, and a member of our Board, since November 26, 2013. The overall public entity, Gannett Co., has twice sanctioned Adelsons legal for! There was no ongoing judge investigation. 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. Most recently he bought 100,000 units of GCI stock worth $382,000 on 5 March 2020.. Posted on June 16, 2021 . There are 10 older and 6 younger executives at Gannett Co. }Customer Service. Gannett will be reporting executive compensation for 2022 in the coming weeks. Reed contends, contrary to what journalists in the R-J newsroom have said both publicly and confidentially to me, that there was an ongoing investigation of the Las Vegas judiciary. February 27, 2023 endeavor air pilot contract No Comments . I cant get into it. Reed puts his finger on a fundamental aspect of the current newspaper environment. Thats too bad. 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! And theres Mike Reeds Gannett, slashing its way to profits as it stares down the barrel of an inescapable level of debt. Rick Edmonds is Poynters media business analyst. He can be reached at brian.mcgrory@globe.com. The merger broadened the network by more than doubling the number of local dailies. In purchasing newsprint and ink, Adelsons can benefit from Gatehouses buying power. He was a member of the board of directors of our Predecessor since October 2006. There is one more possibility. He can be reached at redmonds@poynter.org. 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. Interview was conducted just before the public announcement of Gannett 's more than doubling number. Bias Rating: LEFT-CENTER mike reed gannett political party. But there is something else at play here: We are at a perilous moment in our civic life. Good guy, people. It was not those three reporters. A lot of media people have been spun by untruths spun in that newsroom. I reached out to Gannett to request an interview with Reed. 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. Support responsible news and fact-based information today! Further, Gatehouse will continue to provide transactional work, says Reed, including accounting and legal services. Mr. Reed formerly served on the Board of Directors for the Newspaper Association of America, including one year as Chairman. There is one more possibility. What he finds most exciting about the merger, Reed said, is having a newspaper company of scale. Mike Reed is the chief executive officer of Gannett, the largest publisher of newspapers in the United States. 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. Mike Reed is the CEO of the Gannett Company. Reed conceded that user experience on the combined companys websites is not very good. He previously served as Deputy Chief Financial Officer and Chief Accounting Officer for AOL. The meeting brought together all Tennessean departments, so a wide range of topics came up. Michael E Reed. contributor_name=Michael+Reed contributor_employer=Gatehouse+Media! Mike Reed, she said, was not available. That goal wasnt wildly ambitious Inc., or `` CNHI Alliance and Green-Wood a. Theres more. Further, Reed defended the Gatehouse sale of the R-J to casino magnate Adelson. Thats when R-J Publisher Jason Taylor and then-editor Mike Hengel were told to do the judge monitoring, but told nothing about the great story later described by Arkin. Copyright 2023 Editor & Publisher Magazine Newspaper & News Publishing Industry News. arj barker wife whitney king; why did darcy pay wickham to marry lydia. One question: Would it be crazy to have a board member with some expertise in journalism for a company that produces, well, journalism? Nearly two years and several extraordinary measures later, they identified 33 of the 43 people who had set off from West Africa. Twitter. His corporate bio doesnt list any hobbies, but maybe he walks rescue dogs at his local no-kill animal shelter on Sundays.