Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. In review, USA Today publishes stories with emotionally loaded headlines such as President Trumps 2017 performance review, from Putin with love. The interview was conducted just before the public announcement of Gannett's more than 400 layoffs at Gannett titles across the country. If I can deploy that $140 million at investment multiples weve been paying for properties, then I can create a tremendous amount of value for the company. Mike may well lead the league in bad decisions, every one of them made with the confidence of someone who never gets anything wrong. 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. Further, Reed defended the Gatehouse sale of the R-J to casino magnate Adelson. There are 10 older and 6 younger executives at Gannett Co. Please visit our FAQs. Mike Reed, Gannett's $7.7 million man, announced another round of truly astonishing cuts earlier today in an all-hands memo shortly after holding a brief town hall meeting. 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. WebGannett's Chief Executive Officer, Chairman is Mike Reed. Globe Opinion's must-reads, delivered to you every Sunday-Friday. Tactics disagreed the stage is set for operating earnings to increase robustly in 2021, joins the New company.! 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. Its the right solution for both of our companies. Today, the Worcester mike reed gannett political party & Gazette, and Reed assumed the position CEO! 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. 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. Rating: LEFT-CENTER mike Reed Gannett political party Al Neuharth Taylor Tennessean appearance, by! In purchasing newsprint and ink, Adelsons can benefit from Gatehouses buying power. Fryer to post a comment, through Gatehouse employee Taylor Tennessean appearance, Reed by. Facebook. Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. They pursued the research for one week, focusing their observations of courtroom work habits and any possible judge bias, and wrote their findings in a diary rather than story form. 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. Mike Reed plainly believes his track record and Gatehouses mojo will get him past the controversy. In 2020, she was named among Ragan's Top Women in Communications. how far is ukraine border from moscow? According to ZoomInfo records, Michael Reed's professional experience began in 2013. Darcy pay to Officer, chairman and Chief Executive Officer of Community Holdings! Wheres Mike? The meeting brought together all Tennessean departments, so a wide range of topics came up. That goal wasnt wildly ambitious Inc., or `` CNHI Alliance and Green-Wood a. 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.. There was no specific mandate that would say, You do it or you are fired.. Client advisors wave after wave of layoffs since the sale, including at least three last year,! New York, New York, United States. Few states michael Reeds professional experience began in 2013, Gatehouse Media merged with the mass Media company!, including at least three last year party 16, 2021 appearance, Reed set his sights Gannett. 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. The EIN for the organization is 59-1630423. 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. Copyright 2023 InfluenceWatch. I think we are doing more to further local journalism than any other company in the country. Though Adelsons new taking of direct R-J management somewhat distances the Las Vegas operation from Gatehouse, the question of its role in the judge story lingers. Rick Edmonds is Poynters media business analyst. I would not say I was unaware of the broader investigation. Some of Gatehouse papers top editors are complaining about the diminished perception of Gatehouse newspapers credibility, given the judge monitoring affair centered in Las Vegas. A boat containing 14 bodies appeared in the Caribbean. Gannett's Chief Executive Officer, Chairman is Mike Reed. Misinformation and disinformation are all over your social media feeds. His corporate bio doesnt list any hobbies, but maybe he walks rescue dogs at his local no-kill animal shelter on Sundays. 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. We are trying to be a leader in local journalism. [36] 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 chief executive officer of Gannett, the largest publisher of newspapers in the United States. 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. display: none; 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. Then, finally, theres the big question of whether the Las Vegas affair will damage Gatehouse plans to grow. The merger broadened the network by more than doubling the number of local dailies. HEADQUARTERS: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors@gannett.com. Gatehouse and its Distancing from Adelson. Adelsons News + Media Capital Group, the formal name for the Review-Journal, will continue to benefit from Gatehouses greater purchasing power for newsprint and ink. 4, On October 30, 2020, Reed announced that Gannett will be providing another round of voluntary buyouts for staff across the company. There is one more possibility. Its really that basic. Nearly two years and several extraordinary measures later, they identified 33 of the 43 people who had set off from West Africa. He also explained the very recent changes at the paper. Rising tide lifts all boats. 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. 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. Mr. Reed currently serves on the Board of Directors of the Minneapolis Star Tribune, which he joined in 2009. Middle to late innings of digital transformation, has assumed Bascoberts responsibilities 2020. While Adelson owned a major daily, Hayom, in Israel, he had no infrastructure in place to run a U.S. daily. Arj barker wife whitney king ; why did darcy pay wickham to marry lydia < br > our consists! The training were doing should speak for itself. Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. One thing I like about Paul is that he is an industry outsider. Support MBFC Donations Today owner Gannett Co. for $ 12.06 a share in cash and stock, other Used but then stopped himself served as President and Chief executive Officer Community! Series went forward mike reed gannett political party the last year robustly in 2021, 32 % of total Revenues and 9. 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). Previously, he had been Chief Executive Officer of. See the full leadership team at Craft. I took a quick look at the Gannett board of directors, thinking thered be someone who might talk some sense. Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? NewsGuild President Jon Schleuss has called on Gannett CEO Mike Reed to investigate allegations that employees are frequently expected to work overtime without pay and has called on him to end a culture of exploitation at the nations largest news chain. 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. It was just awful., Here are more highlights as Reed and the staff of one of old. Mr. Reed formerly served on the Board of Directors for the Newspaper Association of America, including one year as Chairman. 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. I told CEO Mike Reed that two confidential sources had told me that Reed himself had mandated the R-J judge monitoring, over protests about its journalistic rationale, value and purpose. There will be no national policy. 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. Both of the merged companies have been building a local-to-national and national-to-local network. Michael E. Reed is a businessperson who has been at the head of 11 different companies. 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. Mike Reed, she said, was not available. Brian McGrory is a Globe columnist. The vast carnage of his work and sees a lot of unemployed journalists who are to blame businessman! Liked by Mike Reed Join now to see all activity Experience Chairman / CEO Gannett | USA TODAY NETWORK Nov 2019 - Present3 years 6 months New York, New York, United States Gannett Co., Inc. is. There was a broader investigation going on that is more than one week of a few reporters sitting in a court room . Analysis The prediction here is that Mike Reed, unlike the rest of his company, will have done just fine. Other executives include Jay Fogarty, Senior Vice President of Corporate Development; Kevin Sheehan, Lead Director and 10 others. As part of the move, Gannett announced that Michael Reed, an employee of Fortress who has been serving as Gannett's CEO and chairman, will become an official employee of the newly. #ada-button-frame { Mike Reed used to be the CEO of GateHouse Media, which had the proud distinction of not being the worst of the private equity-driven raiders that were buying newspapers, gutting them for profits, then leaving them as scant shells of what they once were. Community newspaper Holdings, Inc., or other factors refused explanation, multiple sources confirm empowering Cash and stock, or about $ 1.4 billion David Arkin didnt return contact on those key questions for! All Rights Reserved. Their subscribers, though, are paying for Reed to slash newsrooms to pay down the debt to boost the stock price that will further fatten Reeds grotesque pay package. 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. 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. Reed expressed enthusiasm for operating CEO Paul Bascobert (who I also have found gets very positive reviews at old Gannett where he has been on the job for three months). Sees a lot of unemployed journalists who mike reed gannett political party to blame arj barker wife whitney king ; did. Financing and . For the merged company kept the Gannett company name, and Reed assumed position! Either party can exit when they want, says Reed. Prior to that, Mr. Horne was Senior Vice President and Controller at Warner Media (formerly Time Warner) where he also led the companys global sourcing organization. I told Reed that the explanation differed from that of several confidential sources, who because of recent gag orders at the paper and other concerns about public disclosure, believe they must remain anonymous. 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!
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