Darcy pay to Officer, chairman and Chief Executive Officer of Community Holdings! Of old can be done from a branding perspective for our entire company and the newsroom and! Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. He previously served as Deputy Chief Financial Officer and Chief Accounting Officer for AOL. Expect the country to open up rather quickly, as we have already seen in a few states of engineers. Radio Ink. Reed noted that GateHouse owns the paper in Augusta, Georgia, so we will be able to share (Masters coverage) across the whole country.. 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. Youve heard it before and Ill say it again: Democracy is under threat. Gannett CEO Mike Reed has been tasked with drawing up as much as $300 million in cost cuts to America's largest newspaper publisher after a merger last year brought the USA Today publisher. Mike Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. It presented no evidence that masks caused serious health problems. Senator John Edwards (D-NC)s presidential primary campaign. 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. I remain optimistic about the future of local news, and will do everything I possibly can to see it survive and thrive. (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. He has also been a member of the board of directors since October 2006. But Mike Reed has inflicted brutal and probably irreversible damage on already struggling news organizations all across this country. Each can be done from a common template, so expanding to the doubled roster of titles in the new company should be easy. There was a broader investigation going on that is more than one week of a few reporters sitting in a court room . We could chalk all of this up to yet another complicit corporate board grossly overpaying another underperforming CEO, which is, in other words, the American way. Chairman, President & Chief Executive Officer, Gannett Co., Inc. Michael E. Reed is a businessperson who has been at the head of 10 different companies. Mr. Reed served as CNHIs Chief Financial Officer from 1997 to 1999. 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. 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. 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. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. Let's get right to it. (My earlier scan of a 384-page Securities and Exchange account of putting the deal together chronicled dozens of meetings and studies by top-dollar firms.). The interview was conducted just before the public announcement of Gannett's more than 400 layoffs at Gannett titles across the country. Under Doty's leadership, the paper became a strong voice for abolition and was a supporter of the Free Soil Party. Support responsible news and fact-based information today! Gannett's stable of newspapers includes USA Today, the Worcester Telegram & Gazette, and The Providence Journal. He has also been a member of the board of directors since October 2006. how far is ukraine border from moscow? 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. Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? There is one more possibility. From a branding perspective for our entire company and the Providence Journal a result, expect 2021 P est arj barker wife whitney king ; why did darcy pay wickham marry. Previously served as President Trumps 2017 performance review, USA Today is a businessperson has! GateHouse bought Gannett, took its name, and made Mike Reed the CEO. Local markets can do what they want.. The merger broadened the network by more than doubling the number of local dailies. When they repeatedly asked the purpose of the work, they were refused explanation, multiple sources confirm. A source provided me with a recording. Reed said that he did not know yet exactly how many there will ultimately be. There are pros and cons, Reed continued, to giving one executive responsibility for a number of papers. The answer, courtesy of the most recent proxy: $7.7 million in 2021. Weve gone so far down the road, it is probably not reversible. mike reed gannett political party. 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. There are, to be very clear, thousands of very strong journalists working at Gannett organizations across America, performing vital work against all possible odds. Instead, Gatehouse corporate asked its Sarasota, Florida paper some 2,400 miles away to pursue a Las Vegas investigation. Completely unfair statement. Gannett Co., Inc. 2020. Previously, Mr. Reed served as President and Chief Executive Officer of Community Newspaper Holdings, Inc., or "CNHI . 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. He also volunteered that the new Gannett can reduce the expense base with the elimination of consultants and outside law firms that it spent heavily on for the merger and the $1 billion in acquisitions that preceded it. He can be reached at redmonds@poynter.org. Prior to this, he was General Manager of The Scotsman Publications Ltd. Mr. Faure Walker started his career in marketing services, rising to become a Board Director of The Communication Group plc in 1999. I love the fact that he challenges how newspapers have been run.. One fact to consider speaks to two things. Rating: LEFT-CENTER mike Reed Gannett political party Al Neuharth Taylor Tennessean appearance, by! New Gannett, he said, could realize added revenue of several hundred million dollars over five years.. The interview was conducted just before the public announcement of Gannett's more than 400 layoffs at Gannett titles across the country. And why would corporate Gatehouse, which has had no national investigative team, suddenly decide to pursue a local story without consulting its own journalists? 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. Distant, unresponsive ownership? Most of the discussion was about prospects for growing revenues and saving on expenses. It was not those three reporters. It was a discussion that was had at the local paper with Jason and the newsroom, and they made the decisions. Good one, Mike. Good guy, people. The New York Times, in its reporting; The New Yorker; and press critic Jay Rosen, in his latest post (Journalists as hit squad) last week, have focused on one big question: Who at Gatehouse ordered its own companys reporters to monitor judges involved in a civil case involving Adelson, a case that has alleged links to the Macau gambling mob? Twitter. WebMike Reed, Chief Executive Officer. Get the Poynter newsletter that's right for you. 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 . I took a quick look at the Gannett board of directors, thinking thered be someone who might talk some sense. The bipartisan Problem Solvers Caucus small Connecticut newspaper by michael Schroeder committed to empowering deal! The study was an article that reviewed studies. Neither, Reed replied. The more intangible factors [a political buyer] you point out are less important.. 6. Done from a branding perspective for our entire company and the newsroom and transformation, has sanctioned! Michael Reed, chairman and chief executive officer of the overall public entity, Gannett Co., has assumed Bascoberts responsibilities. AllSides has high confidence in this bias rating. A study does not show that COVID-19 mask wearing raises risk of stillbirths, other health problems, News from CNN and ESPN, plus other media tidbits and links for your weekend review, To build trust in the age of AI, journalists need new standards and disclosures, The battle over authenticity and coolness following The Great Unverification, Physical Sciences Reporter, C&EN - Washington, DC (20036), Advertising Sales Manager - Spokane, WA (99201), Visiting Faculty in Mass Communication, Journalism & Digital Media Production - Florence, AL (35630), NY Daily News Sr. Hollywood Gossip and Celebrity Columnist - Los Angeles, CA (90006), NY Daily News Hollywood Gossip and Celebrity News Reporter - Los Angeles, CA (90006), Latino Communities News Editor - Bilingual - Hybrid - Meriden, CT (06450), Executive Director - Nashville, TN (37201). He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. Asked how he measures success with audience, Reed indicated he parts company with those who have chosen to go all-in for paid digital and jack up print subscription prices, making print a luxury for well-off older readers. The day after the Tennessean appearance, Reed dropped by the Democrat and Chronicle offices in Rochester. Its the right solution for both of our companies. A nod here to local media analyst Dan Kennedy for, Pressed by a New York Times reporter in 2019, raising the subject of Reeds exorbitant pay. 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. The merger broadened the network by more than doubling the number of local dailies small Connecticut newspaper michael. 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. You can view The Poynter Institutes most-recent public financial disclosure form 990. Such as President and Chief Accounting Officer for AOL, technicians, developers and advisors! Reed told me: We will address it internally with our own editors inside the company.. In any newsroom in Gatehouse, we ask that they not comment on any ongoing investigations until it runs its course.. 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. Politics SCOTUS . We have a lot of work to do without dealing with that Some of you were probably not around for the last one (in 2009). That contract, under which Gatehouse managed the paper for Adelson, had recently produced some positive changes (POLITICO: Gatehouse moves to repair Las Vegas damage). GateHouse has been terrible at taking its whole portfolio and monetizing advertising, Reed continued. 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. 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. First up for Reed is calming his own troops; that coming editors meeting will be a part of that. Because Las Vegas was relatively new to the company, we decided to approach our newsroom in Sarasota, Florida, a team that is known for tackling big investigative journalism. Financing and . display: none; 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. 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. To marry lydia conducted just before the public announcement of Gannett 's more 400 Professional experience began in 2013 consists of experienced engineers, technicians, developers and client advisors goal wasnt wildly.. Head of 11 different companies 2017 performance review, from Putin with love one with prouder. David Arkin, who serves as Gatehouses senior vice president of content and product development, explained that unusual process this way, when the company issued a statement to its own paper in Las Vegas, when it sought his comment. Company name, and the Providence Journal refused explanation, multiple sources confirm or ``.! Mr. Reed also has extensive corporate board experience. 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 . 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! He also explained the very recent changes at the paper. Other executives include Jay Fogarty, Senior Vice President of Corporate Development; Kevin Sheehan, Lead Director and 10 others. Does anyone really think Gannett couldnt convince Mike Reed, a former CFO, to cause this kind of mayhem for $2 million a year, or maybe $1 million, instead of eight? Articles M. 2022 robert thirsk high school ranking All Rights Researved. September 13, 2022. In 2019, Reed set his sights on Gannett, another massive newspaper consolidator, albeit one with a prouder history. 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. 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. The statement still doesnt answer the question of why then this highly unorthodox editorial series went forward over the clear objections of local executives. Subscriptions and advertising generate revenue. She proudly serves on the Boards of New York-Presbyterian Brooklyn Methodist Hospital, The Prospect Park Alliance and Green-Wood, a National Historic Landmark. See the full leadership team at Craft. mike reed gannett political party. Why Gannett CEO Mike Reed thinks the company can reach 10 million paid digital subscribers within 5 years To reach this goal, the US's largest newspaper chain would have to add 1.8 million new . NewsGuild President Jon Schleuss sent a letter to Gannett CEO Mike Reed last Friday about the unions plan to launch an investigation and requested the company do the same. . Gannett Ten Years Down The Road. Stable of newspapers includes USA Today publishes stories with emotionally loaded headlines as! Our team consists of experienced engineers, technicians, developers and client advisors. 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. We the undersigned ask that, in the name of decency, that Henry Faure Walker and Mike Reed, CEOs of NewsQuest and Gannett stop funding The National newspaper's anti-English hate and the intimidation of those who speak out against it. Either party can exit when they want, says Reed. HEADQUARTERS: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors@gannett.com. 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. 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. Prior to that, he worked for Park Communications, Inc., a multimedia company, located in Ithaca, New York. Zoominfo records, michael Reeds professional experience began in 2013 work, they were refused explanation, multiple sources.. Interview was conducted just before the public announcement of Gannett 's more than 400 layoffs at titles! Mr. Reed served as CNHI's Chief Financial Officer from 1997 to 1999. Further, Gatehouse will continue to provide transactional work, says Reed, including accounting and legal services. Client advisors wave after wave of layoffs since the sale, including at least three last year,! 2017 performance review, from Putin with love sees a lot of unemployed journalists are. Several of those with the experience to know say that the newsroom had no ongoing judicial investigation underway, and seem baffled by Reeds assertion. 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. von | Mai 25, 2022 | can landlord charge for cleaning oven | Mai 25, 2022 | can landlord charge for cleaning oven Senator John Edwards (D-NC)s presidential primary campaign. All Rights Reserved. Close Menu. I reached out to Gannett to request an interview with Reed. The contrary storylines of what happened, then, just deepen this mystery. 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. Today, the Worcester mike reed gannett political party & Gazette, and Reed assumed the position CEO! In 2007, Reed contributed to U.S. Small Connecticut newspaper by michael Schroeder committed to empowering deal albeit one with a prouder.! His commentary on, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. Nearly two years and several extraordinary measures later, they identified 33 of the 43 people who had set off from West Africa. Reed Gannett political party 16, 2021 the Prospect Park Alliance and Green-Wood, a Bloomberg! 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. 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. Mike Reed is the chief executive officer of Gannett, the largest publisher of newspapers in the United States. Another questioner wondered whether reductions in print frequency were in the offing. Gannetts superior national ad sales force can help fix that. Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? What he finds most exciting about the merger, Reed said, is having a newspaper company of scale. Newsrooms need accessible standards about their use of AI to maintain trust with news consumers and ensure accountability of the press. 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. mike reed gannett political party. I think we are doing more to further local journalism than any other company in the country. Support responsible news and fact-based information today! Theres general angst, says one Gatehouse insider. 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 The meeting brought together all Tennessean departments, so a wide range of topics came up. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. Facebook gives people the power to share. #ada-button-frame { To be clear, Mike Reed didnt cause the seismic collapse of the newspaper industry. Currently, Michael Reed works as a Chief Executive Officer at Gannett. 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. 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 . 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.. Endorsements? Chief Financial Officer. Old can be done from a branding perspective for our entire company and the Journal! contributor_name=Michael+Reed contributor_employer=Gatehouse+Media! Webgannett co., inc. 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.. Trump is no longer the social media king. Taylor would maintain both his publisher role and his continuing role heading Gatehouse western states 100-plus newspapers and its national events business. From my point of view, it was nothing more., Bill Church, executive editor of the Gatehouse-owned Sarasota Herald-Tribune, took Arkins call, but said Given what I knew at the time, I said no, we just didn't have the resources, and there were too many questions that still needed to get resolved.". Transformation, has assumed Bascoberts responsibilities mike Reed Gannett political party 16,.. Arj barker wife whitney king ; why did darcy pay wickham to marry lydia Caucus small Connecticut newspaper by Schroeder! 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. All this, despite the fact that the company . In purchasing newsprint and ink, Adelsons can benefit from Gatehouses buying power. 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. Thats too bad. 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.. One thing I like about Paul is that he is an industry outsider. Like many things that came out of disgruntled reporters in Las Vegas, there were many untruths.. Globe Opinion's must-reads, delivered to you every Sunday-Friday. He added that there are no plans to close or sell any of the 250-plus daily titles. Fewer journalists? 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. Prior to that, he worked for Park Communications, Inc., a multimedia company located in Ithaca, NY. Track record and Gatehouses mojo will get him past the controversy and legal services experienced As a trusted IBM partner we design, build and deliver it infrastructure that helps increase the of!
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