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Address. Visit Website. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 2023 Advance Local Media LLC. If all goes according to plan, America's two largest newspaper chains will become one by the end of the year. The reality of the Fortress sale, though, is both less sensational and more impactful. If you have any questions, please contact Sandy MacFarlane or Derek Vozzella at 781-826-6505. This has led to worry of widespread fraud (and a few highly-publicized cases of fraudulent PPP loan applications), and it has forced numerous federal agencies to turn their attention to combatting PPP loan fraud. of Community Development and Municipal Inspections (CDMI) that requires the posting of a public hearing. The size of each drivers settlement will be based on the number of weeks the carrier worked for the Patriot Ledger between September 2008 and November 2015. Also in this issue, the Right's attempt to rewrite history in India, the Kurdish feminist revolution and is Ron DeSantis the next Trump . Try searching for similar jobs, similar companies, or nearby cities. At best, GateHouse puts together a cluster of newspapers best for cost-cutting efficiency and consolidation and takes over a newer printing operation that it can use for centralized, again more cost-efficient, publishing. GateHouse has hired a third-party firm to administer the settlement. Theres rich irony here: The retirement funds of those in the news industry, among many others, helps fund these New Media takeovers, which in turn result in more job cutbacks and the thinning of journalism in communities from coast to coast. The deal to merge Gatehouse with Gannett already the biggest newspaper chain in the country in terms of circulation will form a behemoth that will operate more than 250 daily papers, or one-sixth of all newspapers in the country. Our model gets smarter over time as more people share salaries on Glassdoor. Get the latest business insights from Dun & Bradstreet. The data presented on this page does not represent the view of Gatehouse Media Massachusetts I Inc and its employees or that of Zippia. Payment Method: UNVERIFIED. At GateHouse Media, the highest paid job is a Director of Sales at $229,702 annually and the lowest is an Editor at $34,554 annually. Half of GateHouse Media salaries are above $121,052. Under terms of the agreement, the fee deal will sunset in two years. *Update:I have learned that the proposed settlement pertains to most but not all GateHouse Media papers in Eastern Massachusetts. Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee), Employee allowances (sick leaves, medical, parental, and vacation pay), The first charge would be wire fraud. GateHouse continued to fight the suit, arguing that federal law preempted state law on this issue. Those nice dividend checks mean fewer journalist paychecks. The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people dont lose their employment. PPP Loan # 6890988904. Lets be clear: Management determines how much journalism their journalism companies actually produce. 373 0. DK-9400 Nrresundby, United States With tough, disciplined management, it worked the littered newspaper landscape with great financial acumen, acting on the too-familiar story of excessive newspaper debt and finding the attractive availability of discounted newspaper bonds. The carriers argued that, under state law, drivers should be classified as employees, not independent contractors. Is FOUNTAIN ROCK MANAGEMENT CORPORATION a Scam? New Medias CEO Mike Reed then gobbled up small US newspaper companies. Find company research, competitor information, contact details & financial data for Gatehouse Media Oklahoma Holdings, Inc. of Ardmore, OK. Get the latest business insights from Dun & Bradstreet. Read what they think about their salaries on our Compensation FAQ page for , Customer Service salaries - 3 salaries reported, Multimedia Sales Executive salaries - 2 salaries reported, Photographer salaries - 2 salaries reported, Printing Pressman salaries - 1 salaries reported, Page Designer/Copy Editor salaries - 1 salaries reported, Senior Editor salaries - 1 salaries reported, Customer Experience Manager salaries - 1 salaries reported, Copy Editor/Page Designer salaries - 1 salaries reported, Account Executive salaries - 1 salaries reported, Community Journalist salaries - 1 salaries reported, Digital Manager salaries - 1 salaries reported, Director IT salaries - 1 salaries reported, Marketing Director salaries - 1 salaries reported, Journalist salaries - 1 salaries reported, Sales Director salaries - 1 salaries reported, Staff Accountant salaries - 1 salaries reported. This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The authorities have been rather vigilant in finding people who committed, Yes. New Media is well positioned to take advantage of more great acquisition opportunities at attractive valuations in 2017. Its the remaining family newspaper companies, like the 119-year-old Dix Newspapers, that are taking the money and exiting the business. Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty? Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. As tax-payers, we need to hold businesses accountable and ask serious questions. Most prominent among those premium publications was Lens, an advertising vehicle published several times a year that was delivered along with GateHouse papers. Meanwhile, David Harris recently reported in the Boston Business Journal that GateHouse was laying off 49 people at its Framingham facility as it consolidated print operations. SOLD FEB 9, 2023. As Fortress restructured, it began put together its investment pools four years ago. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. There is no record of GATEHOUSE MEDIA MARYLAND HOLDINGS INC committing any sort of PPP Scam reported anywhere. The Company publishes local newspaper, management structure, short biographies, and, articles, as well as offers marketing, and online . A trial court judge ruled that because the drivers were doing work that was part of the ordinary course of GateHouses business, they should be considered employees. The legal documents in the case are posted here. There was a lot of talk about limiting newsroom layoffs when GateHouse Media bought Gannett at the end of 2019. View customer complaints of GateHouse Media, Inc, BBB helps resolve disputes with the services or products a business provides. Job Title. Starting March 1, 2019,in regard to the payment of legal advertisements for public hearing notifications,Gatehouse Media will bill the fees for legals ads directly to the Applicant. Is THOMAS, BENNETT & HUNTER, INC. a Scam? This little-talked-about, wont-talk-to-the-press newspaper chain owns more daily newspapers than any other U.S. publisher likely more than any other publisher in the world. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. Its smallest are weeklies with barely more than 1,000 paid subscribers, such as the Bolton Common, the Norton Mirror, and the Georgetown Record.. Retrieved March 4, 2023, from https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. New Media Investment Group, a holding company that controls GateHouse Media, announced that it had agreed to buy Gannett, the owner of USA Today and more than 100 other publications nationwide, in . These amounts were reported to the SBA by the company. GateHouse Group Lens carried acover price of $3.95, thoughsubscribers to the papers were assessed $2. 370 Jay Street, 7th Floor 821 (1974), declaring that David King, who had delivered the Patriot Ledger by automobile to some of its subscribers, was, under G. L. c. 149, 148B . The court never explicitly ordered GateHouse to reclassify the drivers because the two sides reached a settlement while litigation was still ongoing. Is NORTHSTAR SPECIAL SERVICES, INC a Scam? Some SEC filings can help us find some clarity. It does, however, manage and control New Media, an investment vehicle it created out of GateHouse Medias 2013 $1.2 billion bankruptcy. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. The Nieman Journalism Lab is a collaborative attempt to figure out how quality journalism can survive and thrive in the Internet age. The math adds up to about a $9,000 cut for some employees. Find out more about how we use your personal data in our privacy policy and cookie policy. Newsonomics: Here are 10 storylines well be talking about into 2017, Newsonomics: The financialization of news is dimming the lights of the local press, the financialization of the ownership of American dailies, The newsonomics of the new Chattanooga (Events) Choo-Choo, New Media CEO Mike Reed and COO Kirk Davis, Tribune gets Troncked: A readers guide to the Tribune/Gannett war, Newsonomics: The new Knight-Lenfest initiative gives a kick in the pants to Americas metro newspapers. GateHouse Group A/S: DK43302078, GateHouse SatCom A/S: DK26040299 It invokes, Bank fraud charges might also be filed against you. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Our daily email, with all the freshest future-of-journalism news. The Boston Herald is being sold to GateHouse Media for $4.5 million in cash, as publisher Patrick J. Purcell is giving up his long, expensive struggle to keep Boston's second-largest daily . User experience and cybersecurity . Our rating on GATEHOUSE MEDIA MARYLAND HOLDINGS INC is based on multiple factors, including publicly available information, reviews and user notifications. The settlement does not require GateHouse to change its practices regarding how it pays, classifies or treats the drivers. Given the presidents promotion of CNN into the ranks of very fake news and his senior advisor Jared Kushners recent brash critique of the station to Time Warner execs, thats a different sort of handshake to watch. 500 SUNSET AVE ASHEBORO, NC 27203 Get Directions (336) 626-6103. www.gatehousemedia.com . As of June 14, 177 of the 553 newspaper carriers who were eligible for money had submitted claims, according to court documents. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. The newspaper and 10 others have been purchased by GateHouse Media in a transaction that closed Monday. They were approved on 05-05-2021 by the SBA for an amount of 535000 USD. 54 (b), 365 Mass. While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) Newsonomics: Do newspaper companies have a strategy beyond milking papers for profit? Full time work week is 77.50 hours per week. No salaries for GateHouse Media Internal Audit in Poughkeepsie, NY. Your trust is our top concern, so companies can't alter or remove reviews. Clues from a newsroom thats been using AI for years. GateHouse Media is the largest publisher of locally-based print and online media in the United States. In the satellite business, we develop our test and verification capabilities in close cooperation with leading satellite operators, and to support this path we are looking for software developers that master complex communications scenarios. Recommend to a Friend. The community relies on everyone sharing. By the terms of its agreement to manage the company, Fortress earned $19.4 million in compensation last year from New Media, based on the conventional private equity standards of a management fee of 1.5 percent of New Medias total equity and incentive compensation. Each acquisition increases that total equity, providing a compelling rationale for more buying of newspapers. Accessed March 4, 2023. https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. I asked New Media CEO Mike Reed and COO Kirk Davis for comment on the annual results and their 2017 plans, but received no response. Even a single PPP loan fraud case might involve multiple criminal laws. Patriot Ledger. Its a project of the Nieman Foundation for Journalism at Harvard University. How Much Does Gatehouse Media Massachusetts I Inc Pay? Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. In Illinois, she says, the company added to the financial misery. . Hanover was established in 1727, a little over 100 years after the Pilgrims landed in Plymouth, 17 miles to our south. Start of main content. COO Kirk Davis isn't far behind Reed. Join the 60,000 who get the freshest future-of-journalism news in our daily email. 2.5 Pay & Benefits. The looting of the Covid relief plan known as PPP, 22 people charged in connection with a multi-million dollar Paycheck Protection Program fraud scheme, Small Businesses Are Being Hit by PPP Loan Scams, 15% of Paycheck Protection Program Loans Could Be Fraudulent, Study Shows, Man Passes Out After Hes Found Guilty of PPP Loan Fraud, Cape Coral woman pleads guilty to PPP loan fraud, accused of using money for a pool, PPP Loan Scams: 900 open criminal investigations, 100 arrested so far, Bank Fraud Involving PPP Loans Could Lead to Prison Time, Even for Relatively Small Advances, Money from the COVID Paycheck Protection Program was allegedly largely misspent, Florida Man Charged With PPP Loan Fraud After Allegedly Misusing Millions To Buy Luxury Goods. Denmark Doctor, Ken. To be sure, theres a chill in the air, and courage isnt easy to come by. In the companys just-filed Securities and Exchange Commission 10-K, Fortress earned $9.8 million in management fees and $9.6 million in incentive compensation, amounting to that total of $19.4 million. All rights reserved. Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. We will make the latest version of our terms available for you to read at all times. There is a significant gap between what Gatehouse Media Massachusetts I Inc pays the bottom 10 percent of earners and the top 10 percent of earners. The Reverse Scooby-Doo theory of tech innovation comes with the excuses baked in, How will journalists use ChatGPT? Please support this free blog by becoming a member of Media Nation. About us. There is a significant gap between what Gatehouse Media Massachusetts I Inc pays the bottom 10 percent of earners and the top 10 percent of earners. Read what they think about their salaries on our Compensation FAQ page for Gatehouse Media. Please note that all salary figures are approximations based upon third party submissions to Indeed. $330,000 Last Sold Price. When . And Ian Donnis of Rhode Island Public Radio writes that GateHouse continues to hack away at The Providence Journal, and that layoffs may be coming. If the president attacked any other industry, what would the response be?. From the time I learned about it, I was astounded that GateHouse would go to the trouble of hitting subscribers with an activation fee and charging them for publications they hadnt asked for and didnt want. All. New Media Investment Group Inc., the parent of GateHouse Media, is buying Gannett Co. in a cash-and-stock transaction, the companies said Monday.