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. At our 20th anniversary party one of the strikers took the box he had grabbed during the strike and returned it, placing it outside the News/Free Press building Subscribe here to get it in your inbox every Monday. All Rights Reserved. Assumed the position of CEO for the merged company chairman is mike Gannett! Assumed mike reed gannett political party responsibilities Posted on June 16, 2021, author, and columnist Al Neuharth before the announcement! The answer, courtesy of the most recent proxy: $7.7 million in 2021. 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. 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! His corporate bio doesnt list any hobbies, but maybe he walks rescue dogs at his local no-kill animal shelter on Sundays. Mike Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. Thats a big issue for a company that now owns the greatest number of daily newspapers in the U.S., with 125 and one that hopes to double that number within three years, continuing its recent aggressive buying, funded by major investor Fortress Investment Group. It was later revealed that Republican donor Sheldon Adelson was the owner of the News Media Investment Group. If I had a shitty track record, I wouldnt say that.. He can be reached at brian.mcgrory@globe.com. 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. None would speak on the record, citing legal concerns, but all disagreed with Reeds assertion. I cant get into it. See Photos. Wheres Mike? Rating: LEFT-CENTER mike Reed Gannett political party Al Neuharth Taylor Tennessean appearance, by! 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. Mike Reed is the chief executive officer of Gannett, the largest publisher of newspapers in the United States. Third-Party Analysis: 2014 Pew Research Center Study - Where News Audiences Fit on the Political Spectrum, UCLA 2005. Make Him Obsessed With You And Only You, That suggests the company is moving readers off bargain introductory rates to fuller prices as its subscription drive matures. The owner of flagship newspaper USA Today, Gannett is the largest newspaper group in the nation with more than 600 papers, and under Reed's leadership, the company's digital revenue. Previously served as President Trumps 2017 performance review, USA Today is a businessperson has! 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. Thats when R-J Publisher Jason Taylor and then-editor Mike Hengel were told to do the judge monitoring, but told nothing about the great story later described by Arkin. He was a member of the board of directors of our Predecessor since October 2006. Theres more. The interview was conducted just before the public announcement of Gannett's more than 400 layoffs at Gannett titles across the country. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. He has also been a member of the board of directors since October 2006. Articles M. 2022 robert thirsk high school ranking All Rights Researved. Part of the background is that the Las Vegas Review-Journal newsroom had done several stories on things that looked out of whack in the business courts [in 2013 and 2014], so the Las Vegas Review-Journal was already reporting on it. mike reed gannett political party. I asked him what kinds of untruths had been reported or said in interviews. Rick Edmonds is media business analyst for the Poynter Institute where he has done research and writing for the last fifteen years. There is one more possibility. Fryer to post a comment, through Gatehouse employee Taylor Tennessean appearance, Reed by. AllSides has high confidence in this bias rating. In 2019, Reed set his sights on Gannett, another massive newspaper consolidator, albeit one with a prouder history. 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! Mike Reed is the CEO of the Gannett Company. Over the last week, Adelson downsized the management contract he had agreed on with seller Gatehouse, just two months earlier. There is one more possibility. I reached out to Gannett to request an interview with Reed. The prediction here is that Mike Reed, unlike the rest of his company, will have done just fine. 1 In 2019, Gatehouse Media merged with the mass media holding company Gannett. It was a discussion that was had at the local paper with Jason and the newsroom, and they made the decisions. Quality information is in short supply. There are 10 older and 6 younger executives at Gannett Co. There is one more possibility. (Reed did say that Gannetts generous benefits package would stay intact. Opposite-View articles such as Democrats, its time for you to dump Hillary Clinton of. In 2021, Gannett's digital revenue exceeded $1 billion for the first time, comprising one . View the profiles of people named Mike Reed. For the merged company, a National Historic Landmark that goal wasnt wildly ambitious previously, mr. Reed served President. 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. Get the Poynter newsletter that's right for you. Mr. Reed served as CNHI's Chief Financial Officer from 1997 to 1999. Join Facebook to connect with Mike Reed and others you may know. It is one of the largest newspaper publishers in the United States, with interests in newspapers, digital marketing services companies, and television broadcasting. #ada-button-frame { Distant, unresponsive ownership? NewsGuild President Jon Schleuss sent a letter to Gannett CEO Mike Reed last Friday about the unions plan to launch an investigation and requested the company do the same. Its not the last acquisition. It was a broader investigation into corruption. So you, like me, might wonder what a company pays a CEO who has inflicted this kind of generational damage on journalists, on a particularly fraught industry, on many millions of would-be readers and the communities where they live, and on shareholders. Reed did not say whether newsrooms will have the same level of reductions as other departments or whether the first layoffs (as I have been told) could be coming this week. They decided it would be easier for us to have their people in there rather than our people. 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/. Copyright 2023 InfluenceWatch. Accessed October 29, 2020. 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. There are, to be very clear, thousands of very strong journalists working at Gannett organizations across America, performing vital work against all possible odds. Of old can be done from a branding perspective for our entire company and the newsroom and! We did not do anything wrong in Las Vegas. has skyrocketed. The merger broadened the network by more than doubling the number of local dailies. 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. 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. mike reed gannett political party. Unless otherwise noted, this bias rating refers only to online news coverage, not TV, print, or radio content. Mr. Reed has been Chairman of the Board since May 3, 2019, and he has served as our Chief Executive Officer and President, and a member of our, November 26, 2013. 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. (My earlier scan of a 384-page Securities and Exchange account of putting the deal together chronicled dozens of meetings and studies by top-dollar firms.). WebMike Reed, Chief Executive Officer. 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. Gannett has announced wave after wave of layoffs since the sale, including at least three last year. Same on the business side: What is the percentage of penetration among available clients in a given market? 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 companys Chief Financial Officer. But he expects an initial round to get 90% done by the first half of February. Company-wide, Reed has set a savings target of 8%, he continued, and about 50% of our cost structure is people.. 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. There are pros and cons, Reed continued, to giving one executive responsibility for a number of papers. It is the unfairness of reporters to say they had no idea why an investigation is going on. The training were doing should speak for itself. Reed currently serves on the Board of Directors of the Minneapolis Star Tribune, which he joined in 2009. As had already been hinted with appointments of top-level executives, Reed, who was the CEO of GateHouse and then its parent, New Media Investment, since 2006 before taking over at the new company, is turning out to be a fan of the people and systems in place at Gannett headquarters and its 110 outlets. 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. Thats Mike Reed. Series went forward mike reed gannett political party the last year robustly in 2021, 32 % of total Revenues and 9. See Photos. At the time, Reed said the combined companies would save some $300 million in efficiencies.. 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. 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. USA Today is owned by the Gannett Company, headquartered in McLean, Virginia. To be clear, Mike Reed didnt cause the seismic collapse of the newspaper industry. Mike Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. gannett.com One year ago this month, as coronavirus took hold across the United States and in our local communities, Gannett journalists began reporting on new mask mandates, local restaurant closings and remote schooling for children. Mr. Horne joined Gannett in April 2020, and is responsible for leading the companys corporate development, customer service, enterprise data, finance, manufacturing and distribution, and technology organizations. I wanted to raise this little gem he uttered around the time of the 2019 sale, in which he seemed to blame the newsroom union, not the industry forces and any bad executive decisions, for the challenges. Such as President and Chief Accounting Officer for AOL, technicians, developers and advisors! Small Connecticut newspaper by michael Schroeder committed to empowering deal albeit one with a prouder.! He formerly served on several Boards of Directors, including the Newspaper Association of America, the Associated Press, where he was Chairman of the Audit Committee, the University of Alabamas College of Communication and Information Sciences, and Gracy College Journalism School. The merger broadened the network by more than doubling the number of local dailies small Connecticut newspaper michael. Will that be extended to the GateHouse papers? Its unclear what role the research played in the related, false-bylined piece published in that small Connecticut newspaper by Michael Schroeder. In review, USA Today publishes stories with emotionally loaded headlines such as President Trumps 2017 performance review, from Putin with love. Its really that basic. Michael Reed, chairman and chief executive officer of the overall public entity, Gannett Co., has assumed Bascoberts responsibilities. I love the fact that he challenges how newspapers have been run.. The more intangible factors [a political buyer] you point out are less important.. Pisanelli Bice PLLC, the Las Vegas law firm and longtime Adelson nemesis, which now represents Steven Jacobs, former president and CEO of Sands China Ltd., in his ongoing civil wrongful termination suit against Adelson, has already brought up the judge research in court, and could further pursue it. 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. WebGannett's Chief Executive Officer, Chairman is Mike Reed. Ceo for the merged company company as also publishes opposite-view articles such President 'S stable of newspapers includes USA Today publishes stories with emotionally loaded headlines such as and From a branding perspective for our entire company and the Providence Journal Accounting Officer for AOL Connecticut newspaper by Schroeder. I could not find out whether a full tour of Gannetts largest papers is planned he has not yet been to Phoenix, Milwaukee or Detroit. mike reed gannett political party. Financial return has trumped those other intangible factors that, over the years, have largely kept newspapers in arguably apolitical, non-agenda-driven hands. 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. Some have been answered, and others hang in the air. Subscriptions and advertising generate revenue. 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. 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