Misplaced Pages

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29-559: The Country Gazette is owned by GateHouse Media and falls under the umbrella of Community Newspaper Company which runs weekly and daily newspapers in Massachusetts including The MetroWest Daily News and The Milford Daily News . Information that appears in the Country Gazette is also posted to eight Web sites hosted on www.wickedlocal.com , one dedicated to each of the eight towns. The Country Gazette office

58-454: A warrant is a security that entitles the holder to buy or sell stock , typically the stock of the issuing company, at a fixed price called the exercise price . Warrants and options are similar in that the two contractual financial instruments allow the holder special rights to buy securities. Both are discretionary, and have expiration dates. They differ mainly in that warrants are only issued by specific authorized institutions (typically

87-400: A "sweetener" to make the bond issue more attractive and to reduce the interest rate that must be offered in order to sell the bond issue. Covered warrants , also known as naked warrants, are issued without an accompanying bond and, like traditional warrants, are traded on the stock exchange . They are typically issued by banks and securities firms and are settled for cash, e.g. do not involve

116-886: A Southern flair. On September 27, 2018, GateHouse Media announced the acquisition of The Oklahoman Media Company , parent company of The Oklahoman , which is the state's largest daily newspaper, for an undisclosed amount from The Anschutz Corp. The sale closed on Oct. 1, 2018, for $ 12.5 million. On January 28, 2019, it was announced that GateHouse Media had acquired the publishing division of Schurz Communications including The Herald-Times in Bloomington, Indiana , South Bend Tribune in South Bend, Indiana , and other papers in Clay, Lawrence, Monroe, Morgan, Orange, Owen, and Putnam counties in Indiana. That same year, it acquired

145-403: Is a derivative issued by the holders of the underlying instrument. Suppose a company issues warrants which give the holder the right to convert each warrant into one share at $ 500. This warrant is company-issued. Suppose, a mutual fund that holds shares of the company sells warrants against those shares, also exercisable at $ 500 per share. These are called third-party warrants. The primary advantage

174-622: Is in Milford at 159 South Main Street. It was founded by William and Doris Baldwin in 1981. The free bi-weekly newspaper launched its first edition at the 1981 Franklin Trade Show. In the 1980s, the Gazette was direct-mailed each Wednesday to the towns of Franklin, Wrentham, Bellingham, Medway, Millis, Norfolk and Plainville. Ellen Albanese joined the staff as an editor and, within a few years,

203-497: Is that the instrument helps in the price discovery process. In the above case, the mutual fund selling a one-year warrant exercisable at $ 500 sends a signal to other investors that the stock may trade at $ 500-levels in one year. If volumes in such warrants are high, the price discovery process will be that much better; for it would mean that many investors believe that the stock will trade at that level in one year. Third-party warrants are essentially long-term call options. The seller of

232-625: Is the largest newspaper in Central Texas. In the same month, GateHouse announced its $ 49.25 million purchase of The Palm Beach Post and Palm Beach Daily News from Cox Media Group, LLC. On April 10, 2018, GateHouse announced that it had agreed to acquire the Akron Beacon Journal of Akron , Ohio for $ 16 million from Black Press Group . The Beacon Journal is a daily newspaper tracing its storied, Pulitzer Prize -winning history to 1839's Summit Beacon , which early in

261-700: The New Jersey Herald in Newton, New Jersey , from Quincy Media . In August 2019, it was announced that New Media Investment Group had reached an agreement to merge Gannett into GateHouse Media. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. However, the merged newspaper chain would take the better-known Gannett name and be based at Gannett's headquarters in McLean, Virginia . The acquisition of Gannett by New Media Investment Group

290-705: The NYSE , warrants can be easily tracked by adding a "w" after the company's ticker symbol to check the warrant's price. Unregistered warrant transactions can still be facilitated between accredited parties and in fact, several secondary markets have been formed to provide liquidity for these investments. Warrants are very similar to call options . For instance, many warrants confer the same rights as equity options and warrants often can be traded in secondary markets like options. However, there also are several key differences between warrants and equity options: The reasons you might invest in one type of warrant may be different from

319-643: The 20th century came under the editorship and ownership of publisher Charles Landon Knight , serving as the flagship newspaper of the Knight Newspaper Company, later known as Knight Ridder . On July 2, 2018, GateHouse acquired SouthernKitchen.com, the Atlanta-based Southern food and lifestyle brand. Southern Kitchen, launched by Cox Media Group (CMG) in 2017, is a blend of e-commerce and content. It delivers content and products related to eating, drinking, and entertaining with

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348-925: The 36 newspapers of the Halifax Media Group for $ 280 million. In February 2015, GateHouse purchased Stephens Media , which published newspapers mainly in Arkansas and Nevada, for $ 102.8 million. In December 2015, GateHouse sold the Las Vegas Review-Journal , the Stephens group's largest paper, to casino magnate Sheldon Adelson for $ 140 million. In November 2016, GateHouse announced the purchase of Harris Enterprises, based in Hutchinson, Kan., which operated six daily newspapers in Kansas and Iowa. In February 2017, GateHouse purchased

377-488: The Dix Communications newspaper chain for $ 21.2 million. Dix Communications operates in northeastern and east-central Ohio, including more than 30 daily and weekly newspapers. In June 2017, GateHouse announced it was purchasing Calkins Media Group's four six-day-a-week newspapers and Calkins Digital Group, a press facility and related websites and other digital operations. In August 2017, GateHouse announced it

406-958: The Fortress News Corp deal. Fortress owned 52% of GateHouse debt. Gatehouse re-emerged from the planned bankruptcy in November 2013. In the restructured plan, Gatehouse stock was cancelled and a new holding company for the parent, New Media Investment Group, Inc., was formed. The terms involved the cancellation of shares of Gatehouse, but those owners receiving warrants to buy shares in New Media Investment Group Inc. Subsequently, Gatehouse Media acquired several newspaper groups between 2014 and 2017, including Halifax, Stephens Media, Calkins Media and Morris Publications. They also acquired Dolan Media Group and Journal Multimedia, adding business publications to their portfolio. The combined group of business publications

435-528: The NYSE's continued listing standards for average global market capitalization over a consecutive 30-trading-day period of not less than $ 75 million and $ 1.00 average closing price, and had submitted a business plan to the NYSE Regulation for coming back into compliance for continued listing. The company has been in communication with the NYSE regarding its noncompliance with continued listing standards, but

464-566: The acquisition of Kirk Davis's independently owned Holden Landmark Corporation for an undisclosed sum. The sale includes the central Massachusetts media properties, Worcester Magazine , The Landmark, baystateparent Magazine, Leominster Champion, Millbury-Sutton Chronicle , and the Grafton News . In March 2018, GateHouse announced its $ 47.5 million purchase of the Austin American-Statesman of Austin , Texas . It

493-636: The bond or stock. In the case of warrants issued with preferred stock, stockholders may need to detach and sell the warrant before they can receive dividend payments. Thus, it is sometimes beneficial to detach and sell a warrant as soon as possible so that the investor can earn dividends. Warrants are actively traded in some financial markets, such as the German and Hong Kong stock exchanges. Warrants have similar characteristics to that of other equity derivatives, such as options, for instance: The warrant parameters, such as exercise price, are fixed shortly after

522-821: The combined company using the Gannett name and maintaining its headquarters in Virginia. Liberty Group Publishing was formed in 1998 when Kenneth L. Serota, a former Hollinger International attorney with backing from Leonard Green & Partners , bought 160 community newspapers from Hollinger. Headquartered in Downers Grove, Illinois , Liberty then expanded the network increasing the total newspapers to 330 by 2000. Faced with problems, it downsized to 270 by June 2005. In June 2005, Fortress Investment Group bought Liberty for $ 527 million. Fortress expanded it to 75 dailies, 231 weeklies, 117 shoppers, and 230 websites. It

551-539: The company who issues the shares that underlie the warrant. In most markets around the world, covered warrants are more popular than the traditional warrants described above. Financially they are also similar to call options, but are typically bought by retail investors, rather than investment funds or banks, who prefer the more keenly priced options which tend to trade on a different market. Covered warrants normally trade alongside equities, which makes them easier for retail investors to buy and sell them. A third-party warrant

580-493: The corporation on which the warrant is based), and in certain technical aspects of their trading and exercise. Warrants are frequently attached to bonds or preferred stock as a sweetener, allowing the issuer to pay lower interest rates or dividends . They can be used to enhance the yield of the bonds and make them more attractive to potential buyers. Warrants can also be used in private equity deals. Frequently, these warrants are detachable, and can be sold independently of

609-546: The emerging portfolio" of the company, which had been formed as a spin-off of News Corporation . By 2013, GateHouse Media grew, operating in 330 markets across 21 states, but they found themselves in a debt situation that would prohibit future growth. The company filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Wilmington, Delaware on September 27, 2013. It listed assets of $ 433.7 million and debt of $ 1.3 billion. The planned bankruptcy centered on restructuring

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638-457: The issue of the bond. With warrants, it is important to consider the following main characteristics: Warrants are longer-dated options and are generally traded over-the-counter. Sometimes the issuer will try to establish a market for the warrant and to register it with a listed exchange. In this case, the price can be obtained from a stockbroker . But often, warrants are privately held or not registered, which makes their prices less obvious. On

667-607: The paper grew to semi-weekly editions, with the advent of the Gazette's Weekender edition on Saturdays. This article about a Massachusetts newspaper is a stub . You can help Misplaced Pages by expanding it . GateHouse Media Kirk Davis, operating company CEO; Paul Ameden, CIO; Bill Church, Senior VP News; GateHouse Media Inc. was an American publisher of locally based print and digital media. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Its parent company, New Media Investment Group, acquired Gannett in 2019, with

696-422: The reasons you might invest in another type of warrant. A wide range of warrants and warrant types are available: Traditional warrants are issued in conjunction with a bond (known as a warrant-linked bond) and represent the right to acquire shares in the entity issuing the bond. In other words, the writer of a traditional warrant is also the issuer of the underlying instrument. Warrants are issued in this way as

725-492: Was completed on November 19, 2019, making the combined company the largest newspaper publisher in the United States. Gatehouse, now called Gannett, has been operated by Fortress Investments, a New York private equity firm, in turn owned by Softbank , the diversified Japanese tech firm. As of early 2022, Gannett was seeking an early buyout of Fortress's outside management role. Warrant (finance) In finance ,

754-409: Was purchasing 11 daily newspapers, 30 weeklies, and other assets from Morris Publishing Group, a division of Morris Communications. In October 2017, GateHouse acquired Edward A. Sherman Publishing Company, parent of The Newport Daily News . In January 2018, GateHouse announced its purchase of Oregon's second-largest daily newspaper, The Register-Guard . In February 2018, GateHouse announced

783-425: Was rebranded as BridgeTower Media. The GateHouse Media corporate strategy continues to focus on acquiring and operating traditional local media businesses and transforming them from print-centric operations to multimedia operations. As of April 2018, GateHouse Media was publishing 144 daily newspapers, 684 community publications, and over 569 local market websites in 38 states. In January 2015, GateHouse purchased

812-562: Was renamed GateHouse and its headquarters moved to suburban Rochester, New York , in April 2006. In October 2006, GateHouse had its IPO with Fortress maintaining 60% ownership. On October 23, 2007, GateHouse announced the purchase of 14 daily newspapers and other publications from Morris Communications . The company received notification from the New York Stock Exchange (NYSE) on August 21, 2008, that it had fallen below

841-521: Was unsuccessful in its efforts to avoid suspension and delisting. On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group , a group of 33 local newspapers, to Newcastle Investment Corp, an affiliate of Fortress, for $ 87 million. The newspapers were operated by GateHouse Media following the purchase. CEO Robert James Thomson indicated that the newspapers "were not strategically consistent with

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