Residents may also make payments online by credit card for an additional fee. Offer expires 9/30/19. Where does the acquisition money come from? GateHouse has hired a third-party firm to administer the settlement. {{cite web You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. 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. Based on her account, delivery was started on 6/26/22 and . The job as district circulation clerk at Gatehouse media is very demanding. All rights reserved (About Us). Submit Tip, GATEHOUSE MEDIA MARYLAND HOLDINGS INC claimed to use the loan towards salary for, PPP Loan details for GATEHOUSE MEDIA MARYLAND HOLDINGS INC, Demographic details for GATEHOUSE MEDIA MARYLAND HOLDINGS INC. You can face a penalty of up to 20 years behind bars. GateHouse Media Inc. was an American publisher of locally based print and digital media. However, that can change quickly, and this page allows employees, citizens and consumers to share information on GATEHOUSE MEDIA MARYLAND HOLDINGS INC they are privy to, and expose any/all wrongdoings. GateHouse Media. It believed in its methods to cut costs by replacing inconsistent management. Mark Batten, an attorney for GateHouse, said he was not allowed to comment on the settlement. 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. action, pleaes click here. Keenholtz,of Marblehead, and Dorothy Guillicksen, of Hanover, are the plaintiffs named in the class-action suit. Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. GateHouse owns numerous Massachusetts newspapers in addition to the Patriot Ledger, including the Cape Cod Times, the Worcester Telegram & Gazette, the MetroWest Daily News and the New Bedford Standard-Times. . While the companys $800 million market cap is impressive, with fewer newspaper properties, it could claim a $1.12 billion valuation in early 2015. The merger, which would combine Gannett with Gatehouses publicly traded New Media Investment Group, was formally unveiled Monday following months of negotiations. GateHouse Media is the largest publisher of locally-based print and online media in the United States. IIAS intends to offer a platform where suspicious activities related to PPP loan can be shared and discussed in a secure environment. One of the Big Apple's largest office building owners is gearing up to stop loan payments on several older properties, calling some "obsolete" in a post-pandemic world, according to a report in the Financial Times. Furthermore, GateHouse is closed on December 31. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. Gatehouse Media e-Billing Terms and Conditions 12. computer. 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. As recently, as three weeks ago, New Media bought five daily Dix newspaper properties in northeastern Ohio. 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 drivers are barred by the settlement from speaking to the press about it. Though GateHouses strategy makes a huge difference to the millions of people in the communities its newspapers serve, the likelihood of any new political, Trump-related pressure on this local press seems small. As one savvy industry insider observed to me: Its the same plan as Tronc and Gannett they are just far better and more disciplined at making it work.. Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. 2.3. 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. 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. User Rating for GATEHOUSE MEDIA MARYLAND HOLDINGS INC, whistleblowers & employees reveal that their employers have abused their funds, 5 U.S.C. It recently announced plans to consolidate 50 local weekly newspapers in Massachusetts into 18 regional papers. SOLD FEB 15, 2023. For that work, it gets paid, and we'll do that . IsItaScam.com does not modify the data and makes no claims regarding its accuracy, nor will entertain any request to remove any entry. Its not the only playbook out there, but its the most used. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. 2.5 Baths. Please be aware that listing the correct mailing address for all Applicants is essential to avoid delays in the public hearing process. new metro-oriented change Knight-Lenfest grant, the GateHouse method works in the short-term, Nieman Foundation for Journalism at Harvard University. We will make the latest version of our terms available for you to read at all times. It does, however, manage and control New Media, an investment vehicle it created out of GateHouse Media's 2013 $1.2 billion bankruptcy. Those numbers may have knocked about 4 percent off the share price this week. Earlier this week, New Media Investment Group, parent company of GateHouse Media, announced its intention to buy USA Today publisher Gannett in a deal valued at $1.4 billion. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Discounts, Offers and Advertising Opportunities. How Much Does Gatehouse Media Massachusetts I Inc Pay? That's a pretty steep sum for a once-great paper that's now a shadow of its former self, with a daily circulation of . The StarNews' parent company is . It does, however, manage and control New Media, an investment vehicle it created out of GateHouse Medias 2013 $1.2 billion bankruptcy. At the heart of most struggles for justice is the desire for a better world. About us. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. The specter of Trump-related foreign ownership may be a misplaced apparition but it shouldnt obscure the real specter of a faster chain roll-up of newspaper ownership in America. No salaries for GateHouse Media Senior Hr Business Partner in Adona, AR. Help advance the Nieman Foundations mission to promote and elevate the standards of journalism, 2023 by the President and Fellows of Harvard College. This will discontinue the policy of submitting Gatehouse Media checks/payments to town departments for processing. Community Development and Municipal Inspections, Center/Sylvester School Building Committee, WaterSmart MS4 Sediment and Erosion Control Poster. Disclosure would be clearer and more prominent than it had beenpreviously. 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. The legal documents in the case are posted here. Doctor, Ken. 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. Gatehouse owns mostly smaller papers. Payment Method: UNVERIFIED. Defendant GateHouse Media Massachusetts I, Inc. (GateHouse), publisher of the Patriot Ledger newspaper, appeals from a separate and final judgment under Mass.R.Civ.P. 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. | url = https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/ Thats about a tenth of all the 1,375 dailies in the country. Our model gets smarter over time as more people share salaries on Glassdoor. Starting March 1, 2019, in regard to the payment of legal advertisements for public hearing notifications, Gatehouse Med A free inside look at Gatehouse Media salary trends based on 47 salaries wages for 40 jobs at Gatehouse Media. Get the latest business insights from Dun & Bradstreet. Its parent company, New Media Investment Group, merged with Gannett in 2019. United States GateHouse USA Corp. 370 Jay Street, 7th Floor 11201 Brooklyn, NY. saved to your. 62 E Broad St. Columbus, OH 43215-3503. To be sure, theres a chill in the air, and courage isnt easy to come by. But Fortress doesnt own New Media; its actual holding of about 74,000 shares out of New Medias 53 million amounts to less than 1 percent of the company. New Medias CEO Mike Reed then gobbled up small US newspaper companies. Its smallest are weeklies with barely more than 1,000 paid subscribers, such as the Bolton Common, the Norton Mirror, and the Georgetown Record.. Those cuts follow more major cuts in the newsrooms of papers its acquired more recently those papers have seen the bigger cuts, as reported to me by the NewsGuild/Communication Workers of America. If you have competences and qualifications that could match GateHouse please send your application. All of the papers the Guild represents that are owned by GateHouse have not had their wages increased in 8 to 10 years, says Melissa Nelson, director of collective bargaining for the NewsGuild-Communication Workers of America. Try searching for similar jobs, similar companies, or nearby cities. A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. Nearby homes similar to 107 Gatehouse Dr have recently sold between $330K to $434K at an average of $155 per square foot. Clues from a newsroom thats been using AI for years. The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people dont lose their employment. Even a single PPP loan fraud case might involve multiple criminal laws. The company also made headlines locally in May when it reduced the editorial staff of Worcester Magazine to a single reporter. It looked like head-turning news: A Japanese company had taken control of one of Americas largest newspaper chains, New Media Investment Group, a.k.a. Doctor, Ken. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. SACKS, J. During round 1 of the paycheck protection program, GATEHOUSE MEDIA MARYLAND HOLDINGS INC requested a PPP loan for 535000 USD. 370 Jay Street, 7th Floor 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 . 2023. Instead of being billed for the additional Premium . With assumption of Gannett debt, Apollo Global Management will supply all $1.792 billion in financing, which one source told The Post was at a sky-high 11.5 percent interest rate. User experience and cybersecurity are paramount for us. An ominous merger of the nation's two largest newspaper chains was buried in the business pages this week. 552 (Freedom of Information Act), Up to three-quarters of the $800 billion in disbursed PPP funds flowed to business owners instead of workers, study finds. GateHouse is the acquiring . Salaries posted anonymously by Gatehouse Media employees. What do they think they know? For those searching out nefarious conspiracy in the news media ownership world, this initial GateHouse conspiracy story may be a disappointment. GateHouse Media, which owns more than 100 daily and weekly community newspapers in Eastern Massachusetts, has agreed to settle a class-action lawsuit brought over the companys practice of charging for premium publications that subscribers hadnt asked for. Start of main content. Over the weekend, Knight Foundation veteran Eric Newton asked a profound question on Twitter: Have news media CEOs said anything about a president who loudly accuses their people and companies of dishonesty?. 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. Fortress reaped lucrative management fees along the way to the tune of $21.8 million in 2018. 4 Mar. Offer valid with only a $1,500 minimum digital campaign spend, and cannot be combined with any other offer. Publishers may have to run two to three (or more) newspaper titles, and theyre judged not by their community participation but by the monthly revenue totals. The Reverse Scooby-Doo theory of tech innovation comes with the excuses baked in, How will journalists use ChatGPT? make payments. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) Sign In . Full time work week is 77.50 hours per week. The reality of the Fortress sale, though, is both less sensational and more impactful. GATEHOUSE MEDIA MARYLAND HOLDINGS INC applied and was granted a PPP loan, GATEHOUSE MEDIA MARYLAND HOLDINGS INC is located in Hagerstown,MD, As per GATEHOUSE MEDIA MARYLAND HOLDINGS INC, 535000 USD went towards payroll proceeds, HSBC Bank USA, National Association in MCLEAN,VA financed GATEHOUSE MEDIA MARYLAND HOLDINGS INCs PPP Loan. while finding money to pay off debts . Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. and can be safely. GateHouse Media must be doing extremely well since this year's bonuses are over a quarter of a million more than the company awarded in 2010. 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. Hanover was established in 1727, a little over 100 years after the Pilgrims landed in Plymouth, 17 miles to our south. This employer has not claimed their Employer Profile and is missing out on connecting with our community. 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. Newcastle . The parent of the nation's second-largest newspaper company, Gatehouse Media, has struck a $1.38 billion agreement to acquire USA Today publisher Gannett in a cash-and-stock deal. view full report. Nieman Journalism Lab. The community relies on everyone sharing. *Update:I have learned that the proposed settlement pertains to most but not all GateHouse Media papers in Eastern Massachusetts. Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. How much does Gatehouse Media in the United States pay? Our daily email, with all the freshest future-of-journalism news. However, the newspaper company will not have to change its practices. 500 SUNSET AVE ASHEBORO, NC 27203 Get Directions (336) 626-6103. www.gatehousemedia.com . It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. If you have any questions, please contact Sandy MacFarlane or Derek Vozzella at 781-826-6505. GateHouse Media reserves the right to alter these terms and conditions by posting new terms and conditions, communicating them via e-mail or through the Customer Service Portal, or by otherwise communicating them. Sort by. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. (614) 461-5000. GateHouse Group A/S: DK43302078, GateHouse SatCom A/S: DK26040299 Find out more about how we use your personal data in our privacy policy and cookie policy. According to a court filing, the settlements will range from $1.54 to $1,741.63, with an average settlement payment of $518.87. They find its dividend just increased to 35 cents per quarter attractive. Lets be clear: This is a very, very small matter. Retrieved March 4, 2023, from https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. The low-cost (and potentially free) funds offered under the PPP have proven to be attractive not only to struggling businesses, but also to larger companies and scam artists. The newspaper and 10 others have been purchased by GateHouse Media in a transaction that closed Monday. As tax-payers, we need to hold businesses accountable and ask serious questions. It invokes, Finally, when you commit a PPP loan scam, you violate. The two sides ultimately reached a settlement, which was approved June 28 by Norfolk Superior Court Judge Diane Freniere. 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 . The parent company of GateHouse Media earlier this month announced plans to buy Gannett in a $1.38 billion deal, which would make the company the largest newspaper publisher in the country. The money was extracted by shortening the length of Please note that all salary figures are approximations based upon third party submissions to Indeed. Please note the following public holidays in Denmark are excluded from normal service hours. The court never explicitly ordered GateHouse to reclassify the drivers because the two sides reached a settlement while litigation was still ongoing. Nieman Journalism Lab. Value of Showcase ad is $600. New Media will pay $6.25 in cash and 0.5427 New . | title = Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition GateHouse Media. 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 . Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email a link to a friend (Opens in new window), Email: dan dot kennedy at northeastern dot edu. Fri: 08.00 15.00 This story has been shared 150,222 times.