GateHouse Media

Career Beat: Teri Hayt named executive director at ASNE

Good morning! Here are some career updates from the journalism community:

  • Dashiell Bennett will be news editor at Bloomberg Markets. Previously, he was news editor at The Atlantic. (@TheStalwart)
  • Kate Bennett will be a gossip columnist at Politico. She is fashion editor at Washingtonian. (Email)
  • Teri Hayt will be executive director of the American Society of News Editors. She is executive editor of GateHouse Media Ohio (Email)
  • Pamela Padilla is now a multimedia journalist for KDEN. Previously, she was Web editor for KXTX. (Media Moves)
  • Chelsea Manning will be a columnist for Guardian U.S. Previously, she was an Army intelligence analyst. (NPR)

Job of the day: Wired is looking for a features editor. Get your résumés in! (Journalism Jobs)

Send Ben your job moves: Read more


NYT edges closer to layoffs

Good morning. Almost there. Here are 10 media stories.

  1. NYT may have layoffs, after all

    A memo from Janet Elder says the news org may not have enough buyout applications to forgo layoffs. "Early efforts to handicap the outcome regrettably point to having to do some layoffs." Also, if you take the buyout, MOMA will not let you in for free anymore. (Mother Jones) | Last month Keith J. Kelly reported that more than 300 people had filed buyout applications, but many were "just securing their rights and checking it out," Guild unit rep Grant Glickson said. (NY Post) | Floyd Norris is taking the buyout. (Talking Biz News) | More N.Y. Guild news: Eight Guild members who worked at Reuters' Insider video project are losing their jobs.

Read more

Cape Cod Times to move 14 positions to GateHouse’s Texas design center

Cape Cod Times

Fourteen newsroom positions at the Cape Cod Times will shift to GateHouse Media’s new design center in Austin.

The newspaper reports its staffers will have the opportunity to move to Texas. Other Local Media Group newspapers, which are managed by GateHouse, will also make the move. Read more

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GateHouse declares Chapter 11, announces ‘prepacked’ reorganization

GateHouse Media | Bloomberg Businessweek | Jim Romenesko

GateHouse Media announced Friday it has filed “voluntary chapter 11 bankruptcy proceedings” in Delaware and has “filed and requested confirmation of a joint prepackaged plan of reorganization.” The plan “proposes a ‘balance-sheet restructuring,’ by which GateHouse will emerge from bankruptcy with much less debt on its balance sheet, but with its business operations completely intact,” GateHouse CEO Michael Reed said in the company’s announcement.

The company “listed assets of $433.7 million and debt of $1.3 billion” in its filing, Sophia Pearson and Tiffany Kary report.

Upon its exit from bankruptcy, GateHouse intends to pair with Local Media Group, the collection of U.S. newspapers News Corp sold to Fortress Investment Group, which owns GateHouse, earlier this month. Read more


GateHouse Media revenue drops alongside foreclosure rates

Boston Business Journal | WPRI

The drop in foreclosures nationwide in March should be good news for everyone, but the Boston business Journal’s Jon Chesto notes GateHouse Media Inc. is facing a 6 percent decline in revenue year over year because of a decrease in ad sales for foreclosure auctions.

The loss of all those foreclosure auction ads that GateHouse once counted on to get through the tough times is continuing to hurt the company’s classified ad pages. Lower foreclosure revenue in Massachusetts accounted for a full 40 percent of GateHouse’s classified ad revenue decline in the first quarter, the company said. But there’s good news, GateHouse investors: CEO Mike Reed said he expects this problem to subside by the end of the third quarter, and “possibly reverse.”

The Fairport, N.Y., company referred to the Massachusetts legislature in an SEC filing about first quarter results. Read more


GateHouse reorganizes papers by size, rather than region

Starting next year, GateHouse publications in nearly two dozen states will be managed by size — metros, large dailies and community papers — rather than by geography or region. With this realignment, there will be staff changes:

Current Vice President of News & Interactive for GateHouse Media, Brad Dennison has been named Vice President of Publishing Large Dailies. Responsibility for Publishing Communities will be shared between two of our current Regional Vice Presidents, Gloria Fletcher and Nick Monico. The Company will name the Vice President of Publishing Metros in the near future.

The company also announces a new vice president of digital and several other moves in the release. Read more


GateHouse Media CEO: ‘We need to become more than a newspaper company’

Romenesko+ Memos
GateHouse Media CEO Mike Reed unveiled Project Apple in September — an initiative with the goal of “a turnaround just as impressive as Apple’s.” (The newspaper chain recently reported a $5 million net loss for the third quarter.) On Tuesday, Reed gave his employees a Project Apple update. “We are already seeing progress in several areas,” he writes in a memo. “But even so, the simple fact is that the way we are working today is not in line with the way our business is moving. Over the next few months, we’re going to continue to introduce initiatives that will assist us in meeting the challenges and demands of the business.”

We need to recognize that newspapers may be a product in declining popularity and readership, but content is not and never will be.

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GateHouse Media aims for ‘a turnaround just as impressive as Apple’s’

Illinois Times
GateHouse CEO Michael Reed recently unveiled Project Apple in a memo to employees, which said “we are not looking to dominate the world. But, we are looking to remain the most dominant local media franchise in each of the markets we serve and a turnaround just as impressive as Apple’s is something to which we should all aspire.” The memo is long on buzzwords like “structural cost alignment” and “digital ecosystem” but short on specifics, reports Bruce Rushton, a former employee of GateHouse’s State Journal-Register. He notes that it arrived in employees’ email boxes on the same day that three people lost their jobs at the Springfield, Ill.-based SJ-R. Read more

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