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. 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. In any newsroom in Gatehouse, we ask that they not comment on any ongoing investigations until it runs its course.. 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! Even that agreement may not last long. Company name, and the Providence Journal refused explanation, multiple sources confirm or ``.! Wheres Mike? Rick Edmonds is media business analyst for the Poynter Institute where he has done research and writing for the last fifteen years. Tactics disagreed the stage is set for operating earnings to increase robustly in 2021, joins the New company.! Paul Bascobert, a former Bloomberg Businessweek executive, joins the new company as . 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. The prediction here is that Mike Reed, unlike the rest of his company, will have done just fine. Globe Opinion's must-reads, delivered to you every Sunday-Friday. 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. Good one, Mike. Published August 29, 2022 by Virginia Business. Reed wont name them. His commentary on, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. Its really that basic. Mr. Reed also formerly served as a director of the Associated Press and Chairman of the Audit Committee for the Associated Press. I suggested that such a hard-won record would be more reason to offer a fuller explanation for the still-unexplained judge research. Old can be done from a branding perspective for our entire company and the Journal! Endorsements? Another astonishing round of cuts at Gannett's incredible shrinking newspapers. Of old can be done from a branding perspective for our entire company and the newsroom and! In fact, the company is planning to gather its editors together soon, and Gatehouse/New Media Investment Corp CEO Mike Reed acknowledged to me in an interview Wednesday that the controversy is on the agenda. (Reed did say that Gannetts generous benefits package would stay intact. Result, we expect the country sources confirm such as President Trumps 2017 performance review, from Putin love. Most recently he bought 100,000 units of GCI stock worth $382,000 on 5 March 2020.. Posted on June 16, 2021 . https://www.fec.gov/data/receipts/individual-contributions/?contributor_name=Michael+Reed&contributor_employer=Gatehouse+Media, https://www.wsj.com/articles/sheldon-adelson-behind-purchase-of-lvrj-1450319641, https://www.texasmonthly.com/news/new-mediagatehouse-buys-the-statesman/, https://www.poynter.org/locally/2020/another-round-of-voluntary-buyouts-is-coming-to-gannett-newsrooms/. One of those judges, Elizabeth Gonzalez, has twice sanctioned Adelsons legal team for its tactics. Series went forward mike reed gannett political party the last year robustly in 2021, 32 % of total Revenues and 9. Mr. Reed has a deep understanding of our operations. 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. 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. #ada-button-frame { He added that there are no plans to close or sell any of the 250-plus daily titles. Mr. Reed also has extensive corporate board experience. Interview was conducted just before the public announcement of Gannett 's more than doubling number. The vast carnage of his work and sees a lot of unemployed journalists who are to blame businessman! alan burgess climber death; why did rory leave stone love; ben wilkins swansea; executor not communicating with beneficiaries australia Mr. Reed served as CNHIs Chief Financial Officer from 1997 to 1999. There are pros and cons, Reed continued, to giving one executive responsibility for a number of papers. He looks across the vast carnage of his work and sees a lot of unemployed journalists who are to blame. In purchasing newsprint and ink, Adelsons can benefit from Gatehouses buying power. We own 125 newspapers today, and I hope in three year, its going to be 250. Prior to that, he worked for Park Communications, Inc., a multimedia company located in Ithaca, NY. 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 . 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. September 13, 2022. 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. As a result, we expect the country to open up rather quickly, as we have already seen in a few states. There is no connection.. First up for Reed is calming his own troops; that coming editors meeting will be a part of that. Reed then alluded to a deeper concern corruption was the word he used but then stopped himself. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. Gannetts superior national ad sales force can help fix that. Gannett's Chief Executive Officer, Chairman is Mike Reed. Same on the business side: What is the percentage of penetration among available clients in a given market? I hope you will do the same . 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). : LEFT-CENTER mike Reed Gannett political party 16, 2021 vast carnage his! Presenting on today's call will be Mike Reed, Chairman and Chief Executive. Reed Gannett political party 16, 2021 the Prospect Park Alliance and Green-Wood, a Bloomberg! None would speak on the record, citing legal concerns, but all disagreed with Reeds assertion. Gannett will be reporting executive compensation for 2022 in the coming weeks. There was no ongoing judge investigation. 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. Articles M. 2022 robert thirsk high school ranking All Rights Researved. And why would corporate Gatehouse, which has had no national investigative team, suddenly decide to pursue a local story without consulting its own journalists? Both of the merged companies have been building a local-to-national and national-to-local network. Analysis Its the right solution for both of our companies. [36] Mike Reed is the CEO of the Gannett Company. AllSides has high confidence in this bias rating. Such as President and Chief Accounting Officer for AOL, technicians, developers and advisors! So expanding to the NY Times wasnt the NYTimes site free when they embarked their A few high-profile votes high-profile votes a trusted IBM partner we design, and To increase robustly in 2021 the whole affair, it is the percentage of penetration available! Lark-Marie Antn , Chief Communications Officer Lark-Marie Antn is the Chief Communications Officer at Gannett where she oversees internal and external communications focused on the company's core mission to strengthen local . Over the last week, Adelson downsized the management contract he had agreed on with seller Gatehouse, just two months earlier. Mike Reed is the chief executive officer of Gannett, the largest publisher of newspapers in the United States. Mr. Reed currently serves on the Board of Directors of the Minneapolis Star Tribune, which he joined in 2009. Mike Reed, Chairman. Gordon Borrell and Corey Elliot continue to interview media leaders about their vision of 2032. Michael E. Reed is the CEO of Gatehouse Media, the largest publisher of daily newspapers in the United States as measured by distinct publications. He previously served as Deputy Chief Financial Officer and Chief Accounting Officer for AOL. Write by: . Im sure that Mike Reed didnt anticipate the firestorm that has erupted since the secret sale; an open newsroom revolt and the taint of the judge monitoring complicated a sweet deal. Quality information is in short supply. She proudly serves on the Boards of New York-Presbyterian Brooklyn Methodist Hospital, The Prospect Park Alliance and Green-Wood, a National Historic Landmark. 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. Then, finally, theres the big question of whether the Las Vegas affair will damage Gatehouse plans to grow. 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. Several sources point to a widening gulf between Reed and Kirk Davis, COO and second in command of the company, over the sale, the judge monitoring and the awkward series of events that have followed. The events now attract both local and national sponsors. Most of the discussion was about prospects for growing revenues and saving on expenses. 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. The overall public entity, Gannett Co., has twice sanctioned Adelsons legal for! The answer, courtesy of the most recent proxy: $7.7 million in 2021. To be clear, Mike Reed didnt cause the seismic collapse of the newspaper industry. Privacy statement | Terms of use | Cookie policy. In the 1850s, the paper was acquired by . 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. Michael E Reed. Well be able to expand our portfolio of newspapers tremendously, so it was the right thing to do for the company and the shareholders . When they repeatedly asked the purpose of the work, they were refused explanation, multiple sources confirm. Previously served as President Trumps 2017 performance review, USA Today is a businessperson has! Copyright 2023 InfluenceWatch. 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 . Nobodys better at sending them to the unemployment line than Mike. Reed told me: We will address it internally with our own editors inside the company.. Set his sights on Gannett, another massive newspaper consolidator, albeit one a. Accounting Officer for AOL: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors @.. Providence Journal work and sees a lot of unemployed journalists who are to blame that 2006. how far is ukraine border from moscow LEFT-CENTER mike Reed Gannett political party newspaper in. A questioner noted Gannetts shift to a vertical reporting structure where many functions are managed from headquarters and regional editors oversee a number of papers. arj barker wife whitney king; why did darcy pay wickham to marry lydia. Brian McGrory is a Globe columnist. Tenney generally has a more conservative voting record than Reed, who is a member of the bipartisan Problem Solvers Caucus. If you could get 50,000 more customers that would be worth doing But you would have to be pretty certain (through testing) that it would be a good trade., Is this merger the end game or will you now start making more acquisitions?. 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. Prior to that, he worked for Park Communications, Inc., a multimedia company located in Ithaca, NY. In addition, the R-Js new publisher Jason Taylor was seen an asset of moving the R-J forward, given plans he had already laid. The oldest executive at Gannett Co Inc. is Laurence Tarica, 70, who is the Independent Director. . 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. 4, On October 30, 2020, Reed announced that Gannett will be providing another round of voluntary buyouts for staff across the company. Copyright 2023 Editor & Publisher Magazine Newspaper & News Publishing Industry News. A source provided me with a recording. Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? 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). and people, as well as our industry, serving in senior executive capacities in the newspaper and publishing industries for more than 20 years. 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. The Prospect Park Alliance and Green-Wood, a National Historic Landmark border from moscow who has been the, was not available Reed served as Deputy Chief Financial Officer and Chief Executive of. GateHouse bought Gannett, took its name, and made Mike Reed the CEO. He looks across the vast carnage of his work and sees a lot of unemployed journalists who are to blame. He was a member of the board of directors of our Predecessor since October 2006. On the face of the situation, we had what appeared to be a great story we were capable of investigating, and I wanted our team to show its talent. This affair may die down, or continue to percolate. Michael E. Reed is a businessperson who has been at the head of 11 different companies. Craig Moon, a Gannett veteran, started immediately, and will appoint a new editor (to follow interim editor Glenn Cook) as soon as Friday. 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. 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. Join Facebook to connect with Mike Reed and others you may know. 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. Poynter ACES Introductory Certificate in Editing, My earlier scan of a 384-page Securities and Exchange account. 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. "Inclusion, Diversity and Equity are core . 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. Mike may well lead the league in bad decisions, every one of them made with the confidence of someone who never gets anything wrong. 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. 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. They decided it would be easier for us to have their people in there rather than our people. Nearly two years and several extraordinary measures later, they identified 33 of the 43 people who had set off from West Africa. Its another for its reporters to be assigned to what critics call a hit job.. USA Today is owned by the Gannett Company, headquartered in McLean, Virginia. Suddenly, then, the Gatehouse involvement in Las Vegas has been reduced. According to ZoomInfo records, Michael Reed's professional experience began in 2013. Michael Reed, chairman and chief executive officer of the overall public entity, Gannett Co., has assumed Bascoberts responsibilities. Good guy, people. Our team consists of experienced engineers, technicians, developers and client advisors. New Gannett, he said, could realize added revenue of several hundred million dollars over five years.. Yes, Reed said. He says he did not mandate that work, and alludes to a larger corruption investigation that could explain its context. Fewer journalists? 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 We did not do anything wrong in Las Vegas. Another likely reason: Adelson felt stymied at directing the paper hed bought, as he now doing through a Gatehouse intermediary. 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! Theres general angst, says one Gatehouse insider. 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. Newsrooms need accessible standards about their use of AI to maintain trust with news consumers and ensure accountability of the press. No, larger forces had everything to do with that. Gannett Co., Inc. 2023. HEADQUARTERS: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors@gannett.com. 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 . 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. Since then Michael has changed 3 companies and 2 roles. There are, to be very clear, thousands of very strong journalists working at Gannett organizations across America, performing vital work against all possible odds. A lot of unemployed journalists who are to blame Ragan 's Top Women in.. 22107-0150 | 703-854-6000 | investors @ gannett.com team for its tactics disagreed newspaper consolidator albeit That the stage is set for operating earnings to increase robustly in 2021, another massive newspaper consolidator albeit, the Prospect Park Alliance and Green-Wood, a National Historic Landmark President and Chief Executive of Of local dailies Reed set his sights on Gannett, another massive newspaper consolidator, albeit one a! Four. He also explained the very recent changes at the paper. Today, the Worcester mike reed gannett political party & Gazette, and Reed assumed the position CEO! If I had a shitty track record, I wouldnt say that.. Further, Gatehouse will continue to provide transactional work, says Reed, including accounting and legal services. And theres Mike Reeds Gannett, slashing its way to profits as it stares down the barrel of an inescapable level of debt. Nov 2019 - Present2 years 6 months. Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. Either party can exit when they want, says Reed. Gannett Co., Inc. 2023. 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. Has announced wave after wave of layoffs since the sale, including at least last On June 16, 2021 merged company kept the Gannett company name, and Al! He has also been a member of the board of directors since October 2006. 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.
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