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Instead of being billed for the additional Premium . Doctor, Ken. As of June 14, 177 of the 553 newspaper carriers who were eligible for money had submitted claims, according to court documents. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. We are hiring continually as the right candidates appear. Critics of such management contracts point to the increased overhead they bring to news enterprises that badly need reinvestment. Nieman Journalism Lab. GateHo For the first time in nearly 35 years, The Florida Times-Union is under new ownership. 2.5 Pay & Benefits. As tax-payers, we need to hold businesses accountable and ask serious questions. Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. Doctor, K. (2017, Feb. 23). GateHouse Media. Simpson did not return calls. As Fortress restructured, it began put together its investment pools four years ago. Sign In . 2.1 Job Security & Advancement. After eight years of litigation, GateHouse Media will pay up to $425,000 to settle a lawsuit with its newspaper carriers, who said they were misclassified as independent contractors. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. GateHouse continued to fight the suit, arguing that federal law preempted state law on this issue. We look for new software developers to build new tracking features for the maritime industry. While New Media must allocate income to profit, as do its peers, it must also allocate money to Fortress which, of course, would claim that its earning that payment. But have they used it correctly? How much are their once-robust newspapers, especially across the kinds of heartlands that New Media serves, helping them separate fact from fiction? (CET during winter and CEST during summer). Try searching for similar jobs, similar companies, or nearby cities. The inclusion of a person or entity in the IIAS Database is not intended to suggest or imply that they have engaged in illegal or improper conduct related to PPP Loan (scam). Locally, Gannett owns northern NJs Record and the Journal News in NYs Westchester and Rockland counties. As New Media Investment announced its annual financials Tuesday, we now have a better view of the company and its plans but before we get to that, lets pick apart that Softbank news. Gatehouse Media Massachusetts I Inc in Fall River, MA received a Paycheck Protection Loan of $387,500 through HSBC Bank USA, National Association, which was approved in April, 2021. " Good people and good clients" (in 3 reviews) "They let certain employees who were known for bad management slide by." (in 5 reviews) " Bad pay, low morale, hard to move upwards" (in 3 reviews) Mark Batten, an attorney for GateHouse, said he was not allowed to comment on the settlement. Half of GateHouse Media salaries are above $121,052. Based in Pittsford, New York, GateHouse Media is one of the largest publishers of local-market print and digital media in the U.S. Please support this free blog by becoming a member of Media Nation. Institutional and mutual fund shareholders, including Vanguard, T. Rowe Price, Wells Fargo, and Black Rock Fund own at least 70 percent of the company. 2.5 Baths. Clear. He said, "The new Gannett/Gatehouse CEO is getting $4.5 million in bonuses and stock just for walking in the door.Must be nice to be a newspaper executive." The new Gannett/Gatehouse CEO is getting $4.5 million in bonuses and stock just for walking in the door. Is the bloom off this fast-growing flower? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); IsItaScam.com allows you to expose any case where someone created a fictitious entity to get a loan, overstated the number of employees or size of payroll to get a bigger loan than was permitted, or misused the proceeds for something other than the authorized expenses. The primary goal of PPP loans was to help businesses survive the pandemic and ensure that people dont lose their employment. See Gatehouse Media salaries collected directly from employees and jobs on Indeed. Start making your online monthly payments today by creating your account below. . saved to your. OptOut aims to be a daily news app 100% free from corporate media narratives., The largest, most profitable, most powerful companies in the world ought to be judged based on how they are impacting the present, not based on their pitch decks for what the future might someday look like.. Though its outdated site leaves out acquisitions made years ago, the company now owns more than 130 dailies. 552 (Freedom of Information Act) and 5 U.S.C. Hanover was established in 1727, a little over 100 years after the Pilgrims landed in Plymouth, 17 miles to our south. None of the information on this page has been provided or approved by Gatehouse Media Massachusetts I Inc. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. 2023 Advance Local Media LLC. User experience and cybersecurity are paramount for us. The newspaper and 10 others have been purchased by GateHouse Media in a transaction that closed Monday. Gatehouse Media employees attributed a compensation and benefits rating of 2.5/5 stars to their company. Nieman Journalism Lab. 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. No salaries for GateHouse Media Distribution Manager in Tallahassee, FL. United States GateHouse USA Corp. 370 Jay Street, 7th Floor 11201 Brooklyn, NY. Thats a better performance than its peers. If you have competences and qualifications that could match GateHouse please send your application. The merger, which would combine Gannett with Gatehouses publicly traded New Media Investment Group, was formally unveiled Monday following months of negotiations. {{cite web 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. 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. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Advance Local. Retrieved March 4, 2023, from https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/. Furthermore, GateHouse is closed on December 31. We don't just need solutions; we need the courage to imagine they will succeed, and the collective will to make them happen. GateHouse Media Inc. was an American publisher of locally based print and digital media. We look for new software developers to build new tracking features for the maritime industry. GATEHOUSE MEDIA MARYLAND HOLDINGS INC is a Corporation located at Hagerstown, MD with 54 employees. After eight years of litigation, GateHouse Media will pay up to $425,000 to settle a lawsuit with its newspaper carriers, who said they were misclassified as independent contractors. What do voting Americans know? 2023 NYP Holdings, Inc. All Rights Reserved, More than 200 Gannett staffers stage one-day strike over wages, Gannett apologizes for running obituary trashing ex-NYPD cop, USA Today demoted me for a tweet because its woke newsrooms are out of touch with readers, USA Today removes 23 articles after reporter fabricated sources. We will make the latest version of our terms available for you to read at all times. 370 Jay Street, 7th Floor Whats the best way to follow how the news is changing? Sort by. and can be safely. The answer, of course, isnt singular. Nearby homes similar to 107 Gatehouse Dr have recently sold between $330K to $434K at an average of $155 per square foot. Why not just raise the subscription price? Get your business & brand in front of the right audience with our special offers, limited time deals, seasonal . The settlement Class covers persons who, between April 1, 2014 and March 21, 2017: Resided in Massachusetts; Purchased a subscription to a GateHouse Media publication from GateHouse Media; Received one or more Premium Edition publications; Were charged a surcharge for the Premium Editions; and. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. NOTE: Legal ads as written by each board/committee will still be submitted to Gatehouse Media by the individual board/committee- this change in payment policy effects only the billing ("Bill to: ") aspect of the legal advertising process. Those add to its impressive reach: 19 million people through 564 community print publications, 489 websites, 476 mobile sites. It calls for Gannetts shareholders to receive $6.25 in cash and 0.5427 worth of New Media shares for each share of Gannett. By Dan Kennedy The press, politics, technology, culture and other passions. Highest Paying Job At Gatehouse Media Massachusetts I Inc, Highest Paying Department At Gatehouse Media Massachusetts I Inc. The money was extracted by shortening the length of In Illinois, she says, the company added to the financial misery. New Media has bought up larger papers in Providence, Columbus, Sarasota, and Worcester, plus chains of multiple dailies, including 24 from Halifax Media (the old New York Times Regional Newspaper Group), eight dailies from Dow Jones Local Media Group and six from Stephens Media. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. 2.3. Many of GateHouse's Massachusetts papers are venerable, stretching back several . 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. Lens carried acover price of $3.95, thoughsubscribers to the papers were assessed $2. *Offer extended only new digital advertisers. Media Nation is published under a Creative Commons Attribution- Noncommercial- Share Alike 4.0 United States License. Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition. Is NORTHSTAR SPECIAL SERVICES, INC a Scam? The carriers argued that, under state law, drivers should be classified as employees, not independent contractors. Community Development and Municipal Inspections, Center/Sylvester School Building Committee, WaterSmart MS4 Sediment and Erosion Control Poster. 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. New Media will pay $6.25 in cash and 0.5427 New . No salaries for GateHouse Media Senior Hr Business Partner in Adona, AR. Meet the first-ever artificial intelligence editor at the Financial Times. Newcastle . However, the newspaper company will not have to change its practices. 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. Job Title. Top . On Jan. 12, Randall Stephenson, CEO of AT&T and would-be acquirer of CNN through its in-progress Time Warner purchase, paid a visit. Softbank CEO Masayoshi Son had been one of the first chief executives to make the trek to Trump Tower in December, to pay fealty to the incoming president. They can, instead though, turn their eyes to another visitor to Trumps tower, one month after Softbanks Masayoshi Son. How much do Gatehouse Media employees make? According to a court filing, the settlements will range from $1.54 to $1,741.63, with an average settlement payment of $518.87. Drivers who sign the settlement agree not to bring any further lawsuits against GateHouse related to wages, overtime, employer classification or any other issue stemming from the class action suit. As Softbanks acquisition of New York City-based Fortress Investment Group was announced last week, it appeared, on the surface, as if the direction of more than 100 U.S. dailies would be in the hands of non-Americans. Get the latest business insights from Dun & Bradstreet. Discounts, Offers and Advertising Opportunities. 2.4 Culture. Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. Even a single PPP loan fraud case might involve multiple criminal laws. 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. As we have discussed earlier, GATEHOUSE MEDIA MARYLAND HOLDINGS INC received a substantial amount of money through the SBA program. United States 287 reviews. Try searching for similar jobs, similar companies, or nearby cities. Ft. 117 Brook Hollow Ln, Red Oak, TX 75154. 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. Read what they think about their salaries on our Compensation FAQ page for Gatehouse Media. GateHouse Group 2.4 Management. In fact, with Softbanks leading edge now becoming its $100 billion tech-future-oriented Vision Fund, this old-world management contract would seem to be something of a (profitable) anomaly. 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. It recently announced plans to consolidate 50 local weekly newspapers in Massachusetts into 18 regional papers. $330,000 Last Sold Price. Gatehouse Media Massachusetts I Inc Salaries, To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). 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. Please contact usif you find an error in the database. Our tracking data currently support major global logistic operators creating transparency. The community relies on everyone sharing. It invokes, A PPP loan fraud also includes making false statements to a financial institution, a federal crime. A Massachusetts Appeals Court has ruled that newspaper carriers for Gatehouse must be classified as employees, not independent contractors. As recently, as three weeks ago, New Media bought five daily Dix newspaper properties in northeastern Ohio. Is THOMAS, BENNETT & HUNTER, INC. a Scam? GateHouse Media, Pittsford (town), New York. Stay up-to-date on the latest best practices, tips & tricks, e-books, infographics, and other marketing resources to help grow your business. Tuesdays headline: Robotics and tech firm SoftBank Japan purchases newspaper company GateHouse Media. The long-rumored merger of Gannett's 110 dailies and GateHouse's 156 was announced this afternoon by both companies. GateHouse has hired a third-party firm to administer the settlement. Although GateHouse, based in Pittsford, New York, has agreed to stop labeling Lens as a premium publication for which subscribers mustpay extra, it wouldcontinue that practice with other publications, which would cost about $2 in the form of shortened subscriptions. 4 %. 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. Reed noted Tuesday that the company plans to cut an additional $27 million in 2017, an amount of money not far from Fortress annual payout. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}3. 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. (CEO Mike Reed explained that drop by pointing to the outsized $43 million gain the company made on its Las Vegas sale in 2015.) The court never explicitly ordered GateHouse to reclassify the drivers because the two sides reached a settlement while litigation was still ongoing. While Fortress doesnt own NEWM, its management drove the companys astounding growth after the GateHouse bankruptcy in 2013. Those numbers may have knocked about 4 percent off the share price this week. The plan, set to begin Monday, will affect weekly papers, according to an internal memo posted online by Dan Kennedy, a Northeastern University professor, and Media Nation blogger. Ratings by category. SOLD FEB 15, 2023. DK-9400 Nrresundby, United States The legal documents in the case are posted here. | accessdate = 4 March 2023 An ominous merger of the nation's two largest newspaper chains was buried in the business pages this week. 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. GateHouse Media Inc., which owns over 400 community newspapers and hundreds of local websites, is restructuring its $1.2 billion debt in a prepackaged Chapter 11 bankruptcy filing. If you would like to customise your choices, click 'Manage privacy settings'. Terms and Conditions: Past due accounts are subject to interest at the rate of 18% per annum or the maximum legal rate (whichever is less), 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. 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. Hours of work are 145 am to 1030 am seven days a week. 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. Some SEC filings can help us find some clarity. Get the latest business insights from Dun & Bradstreet. Inquiries or questions regarding GateHouse Group or general GateHouse information? Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. YouTubes privacy policy is available here and YouTubes terms of service is available here. Whats clear, though, is that the company plans to extend its strategy buy more papers, monetize those readers better through Propel and other initiatives, and continue to cut, cut, cut those newsroom staffs. 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.