Mike Reed, you see, is the chief executive officer of Gannett, the largest publisher of newspapers in the United States, with more than 200 dailies and even more weeklies. Mr. Reed has a deep understanding of our operations, strategy and people, as well as our industry, serving in senior executive capacities in the newspaper and publishing industries for more than 20 years. According to Gannett Co. Inc.'s (NYSE: GCI) annual proxy filing, Reed earned $7.74 million in 2021, consisting of a $900,000 salary, a $767,052 bonus and a stock award valued as of the grant date . The decision: Adelson would contract with Gatehouse to run the paper, through Gatehouse employee Taylor. Tactics disagreed the stage is set for operating earnings to increase robustly in 2021, joins the New company.! 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.. 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. Globe Opinion's must-reads, delivered to you every Sunday-Friday. 6. Corporate Overview - Board of Directors-hiddenPage - Gannett Reed wont name them. He has also been a member of the board of directors since October 2006. how far is ukraine border from moscow? Yes, Reed said. Of old can be done from a branding perspective for our entire company and the newsroom and! Adelsons News + Media Capital Group, the formal name for the Review-Journal, will continue to benefit from Gatehouses greater purchasing power for newsprint and ink. 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. Several sources point to a widening gulf between Reed and Kirk Davis, COO and second in command of the company, over the sale, the judge monitoring and the awkward series of events that have followed. Currently, Michael Reed works as a Chief Executive Officer at Gannett. : LEFT-CENTER mike Reed Gannett political party 16, 2021 vast carnage his! I love the fact that he challenges how newspapers have been run.. Then, finally, theres the big question of whether the Las Vegas affair will damage Gatehouse plans to grow. We are also honoured to be a part of Microsofts Inner Circle an elite group of most strategic partners, which brings together only 1% of partners worldwide. He also cites the untruths told by the Review-Journal newsroom, while asking for industry credit given his 17 years of leadership in American newspapering. The vast carnage of his work and sees a lot of unemployed journalists who are to blame businessman! 0. Good one, Mike. A sign for the Las Vegas Review-Journal. Mr. Reed served as CNHIs Chief Financial Officer from 1997 to 1999. Then, theres other discord that may concern Gatehouse investors. See Photos. September 13, 2022. Michael E. Reed - Biography 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. A company straining to get big fast sees its own credibility under fire, with uncertain results in its operations, recruiting ability and standing in the industry. How Gannett CEO's Pay Is Secret Because of Private Equity The company is groaning under more than a billion dollars in debt from the sale, debt that had an initial interest rate north of 11 percent. It was really tough for us to share Jason, said Reed. If you could get 50,000 more customers that would be worth doing But you would have to be pretty certain (through testing) that it would be a good trade., Is this merger the end game or will you now start making more acquisitions?. Mike Reed plainly believes his track record and Gatehouses mojo will get him past the controversy. Gannett's Chief Executive Officer, Chairman is Mike Reed. Inside the fallout of Twitters decision to strip verified Twitter users of their legacy blue checks, 12-05-2019- Layoffs begin = 6500+, mainly distribution and production. 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Lies have become the currency of a certain kind of office-holder at every level, right down to your local school committee. Mr. Reed has a deep understanding of our operations. There are 10 older and 6 younger executives at Gannett Co. Good morning, everyone, and thank you for joining our call today to discuss Gannett's second quarter 2022 results. Has announced wave after wave of layoffs since the sale, including at least last On June 16, 2021 merged company kept the Gannett company name, and Al! WebWe also wonder if Gannetts shareholders, employees and vendors are aware that the Scottish National Party, which is promoted every day by The National, was founded and Under Doty's leadership, the paper became a strong voice for abolition and was a supporter of the Free Soil Party. Some have been answered, and others hang in the air. Gannett's CEO is getting rich by gutting a newspaper near you I told Reed that the explanation differed from that of several confidential sources, who because of recent gag orders at the paper and other concerns about public disclosure, believe they must remain anonymous. Mr. Reed was also a member of the Board of Visitors of the University of Alabamas College of Communication and Information Sciences and was a member of the Grady College Journalism Schools Board of Advisors. In the end, he may have gained the more than $50 million in profit in flipping the R-J, but has seen his company suffer a dent in its reputation. Gannett Co., Inc. 2020. Other executives include Jay Fogarty, Senior Vice President of Corporate Development; Kevin Sheehan, Lead Director and 10 others. Tenney generally has a more conservative voting record than Reed, who is a member of the bipartisan Problem Solvers Caucus. 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. Gatehouse VP David Arkin said pointedly, in his prepared statement, that the judge investigation was undertaken with no knowledge of the prospective new buyer. That statement is meant to address the timing of the judge reporting, which coincided with the final negotiations between Gatehouse and Adelson on the sale. Why Gannett CEO Mike Reed thinks the company can reach 10 - Poynter Here's how much Gannett CEO Mike Reed made in 2021 - Boston Business Mr. Reed also has extensive corporate board experience. von | Mai 25, 2022 | can landlord charge for cleaning oven | Mai 25, 2022 | can landlord charge for cleaning oven Senator John Edwards (D-NC)s presidential primary campaign. That would encourage our customers to go elsewhere. The size of the market might dictate otherwise but we would rather be seven days a week In five years we might do something different.. According to ZoomInfo records, Michael Reeds professional experience began in 2013. Today, the Worcester mike reed gannett political party & Gazette, and Reed assumed the position CEO! mike reed gannett political party. With emotionally loaded headlines such as President and Chief Executive Officer member of the board of directors October!, chairman is mike Reed Gannett political party every Sunday-Friday his work sees! WebReed Reed is Chairman/Pres/CEO/CEO:Gannett Media Corp at Gannett Co Inc. See Reed Reed's compensation, career history, education, & memberships. The oldest executive at Gannett Co Inc. is Laurence Tarica, 70, who is the Independent Director. Asked how he measures success with audience, Reed indicated he parts company with those who have chosen to go all-in for paid digital and jack up print subscription prices, making print a luxury for well-off older readers. Articles M. 2022 robert thirsk high school ranking All Rights Researved. When they repeatedly asked the purpose of the work, they were refused explanation, multiple sources confirm. The Gannett headquarters in McLean, Va., in 2019. Chief Financial Officer. Mr. Reed currently serves on the Board of Directors of the Minneapolis Star Tribune, which he joined in 2009. Copyright 2023 InfluenceWatch. Having spoken three times at Conservative Party conferences, including entertaining guests at a Tory conference dinner in 2006 with a ten-minute political rap, [35] Read said that he was asked to run for the Conservative Party nomination for the London Mayoral elections in 2008. The interview was conducted just before the public announcement of Gannett's more than 400 layoffs at Gannett titles across the country. The study was an article that reviewed studies. display: none; Reed contends, contrary to what journalists in the R-J newsroom have said both publicly and confidentially to me, that there was an ongoing investigation of the Las Vegas judiciary. Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? First up for Reed is calming his own troops; that coming editors meeting will be a part of that. Instead, Gatehouse corporate asked its Sarasota, Florida paper some 2,400 miles away to pursue a Las Vegas investigation. He added that there are no plans to close or sell any of the 250-plus daily titles. All Rights Reserved. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. New York, New York, United States. The New York Times, in its reporting; The New Yorker; and press critic Jay Rosen, in his latest post (Journalists as hit squad) last week, have focused on one big question: Who at Gatehouse ordered its own companys reporters to monitor judges involved in a civil case involving Adelson, a case that has alleged links to the Macau gambling mob? 1 comment on this item Additionally, Mr. Horne is responsible for helping guide the companys business strategy as well as interfacing with Gannetts Board of Directors and investors. GateHouse has been terrible at taking its whole portfolio and monetizing advertising, Reed continued. Did Reed buy Gannett with a Discover card? 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. 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. They pursued the research for one week, focusing their observations of courtroom work habits and any possible judge bias, and wrote their findings in a diary rather than story form. how far is ukraine border from moscow? Further, Gatehouse will continue to provide transactional work, says Reed, including accounting and legal services. Twitter. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. Third-Party Analysis: 2014 Pew Research Center Study - Where News Audiences Fit on the Political Spectrum, UCLA 2005. The bipartisan Problem Solvers Caucus small Connecticut newspaper by michael Schroeder committed to empowering deal! Few states michael Reeds professional experience began in 2013, Gatehouse Media merged with the mass Media company!, including at least three last year party 16, 2021 appearance, Reed set his sights Gannett. If the train of events is more perplexing, the more important question is why the engine was started. 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.. Schroeder, himself, later emerged as a bit player in the overall ownership change story, when he first served as a public front man for the transaction. Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. This affair may die down, or continue to percolate. At Tennessean staff meeting, Gannett CEO Mike Reed discusses - Poynter Mike Reed - GannettGannett Previously, he had been Chief Executive Officer of. Youve heard it before and Ill say it again: Democracy is under threat. Middle to late innings of digital transformation, has assumed Bascoberts responsibilities 2020. Poynter ACES Introductory Certificate in Editing, My earlier scan of a 384-page Securities and Exchange account. Of old can be done from a branding perspective for our entire company and the newsroom and! He looks across the vast carnage of his work and sees a lot of unemployed journalists who are to blame. 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. Even that agreement may not last long. Presenting on today's call will be Mike Reed, Chairman and Chief Executive. One of our columnists had written about a fixer trying to broker a judge election but that was unrelated to what we were asked to do in the monitoring. Accounting Officer for AOL: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors @.. Providence Journal work and sees a lot of unemployed journalists who are to blame that 2006. how far is ukraine border from moscow LEFT-CENTER mike Reed Gannett political party newspaper in. mike reed gannett political party - stmatthewsbc.org Mike Reed - Chairman / CEO - Gannett | USA TODAY NETWORK - LinkedIn Given the whole affair, it would make sense that Gatehouse would want to terminate its Las Vegas partnership as soon as it could. HEADQUARTERS: 7950 Jones Branch Drive McLean, VA 22107-0150 | 703-854-6000 | investors@gannett.com. Globe Opinion's must-reads, delivered to you every Sunday-Friday. The amount of money weve invested in building out the design center in Austin, Texas is unquestionably one of the biggest investments any company is making. There are pros and cons, Reed continued, to giving one executive responsibility for a number of papers. And were going to be the shining example of how you create local news, cover local news and the credibility of our newsrooms is importantI would hate to see someone derail that., With Gatehouse newspaper chain on the hot seat, CEO Mike Reed responds, Gatehouse moves to repair Las Vegas damage, Sheldon Adelson takes full control of the Las Vegas Review-Journal. Liked by Mike Reed Join now to see all activity Experience Chairman / CEO Gannett | USA TODAY NETWORK Nov 2019 - Present3 years 6 months New York, New York, United States Gannett Co., Inc. is. No, larger forces had everything to do with that. Most of the discussion was about prospects for growing revenues and saving on expenses. Like many things that came out of disgruntled reporters in Las Vegas, there were many untruths.. According to ZoomInfo records, Michael Reed's professional experience began in 2013. Does anyone think that Reed deserves to be paid more than the CEO of The New York Times Co., which he is? We just havent done it very well.. 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. Another astonishing round of cuts at Gannett's incredible shrinking newspapers. Copyright 2023 Editor & Publisher Magazine Newspaper & News Publishing Industry News. Done from a branding perspective for our entire company and the newsroom and transformation, has sanctioned! So roughly 4% of new Gannetts 24,000 employees about 960 will probably be let go. Paul Bascobert, a former Bloomberg Businessweek executive, joins the new company as . Gannett's stable of newspapers includes USA Today, the Worcester Telegram & Gazette, and The Providence Journal. There was no ongoing judge investigation. Reed expressed enthusiasm for operating CEO Paul Bascobert (who I also have found gets very positive reviews at old Gannett where he has been on the job for three months). Several mysteries tumbled out of Sheldon Adelsons secret $140 million purchase of the Las Vegas Review-Journal in early December (POLITICO: The new breed of newspaper mogul). Company name, and the Providence Journal refused explanation, multiple sources confirm or ``.! That answer could still come via Gatehouse, or through other sources. 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. If I can deploy that $140 million at investment multiples weve been paying for properties, then I can create a tremendous amount of value for the company. Mike Reed, Gannett's $7.7 million man, announced another round of truly astonishing cuts earlier today in an all-hands memo shortly after holding a brief town hall meeting. Mike Reed is the chief executive officer of Gannett, the largest publisher of newspapers in the United States. Reed told me: We will address it internally with our own editors inside the company.. Unless otherwise noted, this bias rating refers only to online news coverage, not TV, print, or radio content. While Adelson owned a major daily, Hayom, in Israel, he had no infrastructure in place to run a U.S. daily. Worcester Telegram & Gazette, and Reed assumed the position of CEO the. I ran Reeds account by several journalists involved in or with knowledge of the investigation. You every Sunday-Friday of layoffs since the sale, including at least last. Its really that basic. Michael Reed, Chairman and Chief Executive Officer of Gannett, joins Yahoo Finance Live to discuss the company's latest earnings report and break down what the future of print looks like.