April 19, 2024
In five languages (English, Mandarin, Korean, Spanish, Portuguese and Russian) and two U.S. printing, “Newsonomics: Twelve Trends That Will Shape the News You Get” is the first Ken Doctor book. Sign up here for notice of the new Newsonomics Readers.
Sixty-three cents. That’s all it took to buy a share of Gannett at market close yesterday. The entire company — valued at $18.5 billion-with-a-“b” 15 years ago when it owned TV stations but many fewer newspapers, not to mention $823 million-with-an-“m” as recently as January — is today worth ...
Read MoreYou think $300 million in costs cut is a big number? Try $400 million. Or more than $400 million. Those are the internal numbers in the air as America’s two largest newspaper chains, Gannett and GateHouse, try to land their megamerger, first announced in August. Follow the money: When I ...
Read MoreThe megamerger is really happening. Expect the new Gannett — the brand that will survive that chain’s acquisition by GateHouse Media — to officially take wobbly flight soon, perhaps around Thanksgiving. Both companies, the country’s No. 1 and No. 2 newspaper publishers, say it’s full speed ...
Read MoreThere’s the megamerger, and then there are the numbers: $1.8 billion, 11.5 percent interest, 5 years, $300 million, 18 percent…and many more. RELATED ARTICLE Newsonomics: The GateHouse/Gannett newspaper megamerger could be announced as soon as Monday morning August 4, 2019 ...
Read MoreEditor’s note: Gannett and GateHouse officially announced the merger Monday afternoon. Here’s the company announcement, confirming that the company will be called Gannett, be based at Gannett’s headquarters, and retain GateHouse’s New Media Investment Group CEO Mike Reed. Barring ...
Read MoreThe deal isn’t yet finished. But I’m told by multiple sources that there are no major stumbling blocks left to negotiate in a megamerger between the United States’ two largest daily newspaper chains — Gannett and GateHouse. It’s increasingly likely to happen, with an announcement by summer’s ...
Read MoreCall it megaclustering. If a GateHouse/Gannett merger — rumored for weeks, today reported as a deal in some stage of progress by The Wall Street Journal — becomes reality, about 1 of every 6 daily newspapers in the United States would be owned by a single company. Totaled up, 267 dailies would ...
Read MoreToday’s editorial managers find themselves in the lemonade business. Their assembly line of lemons keeps gaining speed, and they have to constantly find new recipes to make lemonade out of thinner and thinner ingredients. On Thursday, GateHouse — a.k.a. New Media Investments, or NEWM — ...
Read MoreCompanion piece: Newsonomics: GateHouse’s Mike Reed Talks About Rolling Up America’s News Industry GateHouse Media claims to serve 219,000 small- and medium-sized businesses in its hundreds of markets. Like most of its newspaper chain peers, GateHouse expanded its ad selling to ...
Read MoreThe news shocked long-time newspaper observers two months ago: “Tampa Bay Times to be sold to GateHouse Media in $79M deal.” Had GateHouse devoured yet another storied publisher? No: It was a FloridaPolitics.com April Fool’s prank played out to a near-incredulous audience. Mike ...
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