Kirk Davis, operating company CEO; Paul Ameden, CIO; Bill Church, Senior VP News;
108-510: 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 the combined company using the Gannett name and maintaining its headquarters in Virginia. Liberty Group Publishing
216-462: A Target Group Index (TGI) survey published in July 2011, Israel Hayom , which unlike all other Israeli newspapers is distributed for free, became the number-one daily newspaper (on weekdays) four years after its inception. This survey found that Israel Hayom had a 39.3% weekday readership exposure, Yedioth Ahronoth 37%, Maariv 12.1%, and Haaretz 5.8%. The Yedioth Ahronoth weekend edition
324-400: A "predatory corporate raider". On January 23, Adelson's wife, Miriam, contributed an additional $ 5 million to the same organization with instructions to use it to advance a "pro-Newt message". Adelson told Forbes that he was willing to donate as much as $ 100 million to Gingrich. He also donated $ 5 million to the right-leaning super PAC Congressional Leadership Fund and over $ 60,000 to
432-884: 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
540-399: A biased agenda." The memo additionally claimed that editorial content is the least-read content in the papers while being the most likely reason someone gives for cancelling a subscription. In March 2024, the company announced that effective March 25, it would end its legacy Associated Press premium subscription, meaning it would no longer pay to publish AP dispatches, photos and video from
648-826: A casino resort in Marina Bay, Singapore . The new casino, Marina Bay Sands , opened in 2010 at a rumored cost of $ 5.5 billion. In 2010, when it opened, at a total cost of S$ 8 billion including land cost, the Marina Bay Sands (MBS) Complex of Singapore was the most expensive building in the world, ranking over the new development of World Trade Towers in Manhattan of New York and the Burj Khalifa of Dubai . MBS Singapore includes stores at "The Shoppes", an ultraluxury indoor Venetian canal-lined exclusive shopping belt with tenants such as Ferrari , Chanel ,
756-451: A chemical spray that cleared ice from windshields. In the 1960s, he started a charter tour business. He soon became a millionaire, although by his thirties he had built and lost his fortune twice. Over the course of his business career, Adelson created almost 50 businesses, making him a serial entrepreneur . In the late 1970s, Adelson and his partners developed the COMDEX trade shows for
864-525: A former paperboy who accused the company of enabling a former district manager to sexually abuse him in the 1980s. In late 2018 as Gannett was seeking partners for a merger, fending off a hostile takeover and its stock fell, this former paperboy emailed investigative reporters and Gannett management asking them to investigate his claims. In response, Karen Magnuson, then Executive Editor for Gannett's Democrat and Chronicle , told reporters to put their investigative reporting of abuse claims on "pause", and brought
972-451: A government-approved third-party that would be barred from entering into any agreements with Gannett, in order to fully preserve competition in advertising sales with Gannett-owned KSDK. The deal was approved by the FCC on December 20, and it was completed on December 23. On February 28, 2014, Meredith Corporation officially took over full control of KMOV. On May 14, 2014, Gannett announced
1080-462: A large chain, a 20th-century trend that helped the newspaper industry remain financially viable. In April 1957, Paul Miller succeeded Frank Gannett as president and CEO when the group held 19 newspapers over four states; Florida not among them. Miller became frustrated after repeated unsuccessful attempts to acquire a foothold in Florida, then targeted Brevard County . He spoke to Marie Holderman,
1188-530: A lawsuit. This led to the resignations of the news chief, Reudor Benziman; the news editor, Ruti Yuval; and the news anchor, Guy Zohar, who objected to the apology. After two months of deliberations, the Israeli Second Authority for Television and Radio ruled that although there were some flaws in the manner in which the apology had been conducted, the decision to apologize had been correct and appropriate. In December 2015, Adelson purchased
SECTION 10
#17327878061691296-580: A mainstream candidate capable of winning the presidency. In March 2014 Adelson was set to hold one-on-one chats with possible candidates Jeb Bush , Chris Christie , Scott Walker , and John Kasich during the spring meeting of the Republican Jewish Coalition held at Adelson's hotel and casino The Venetian Las Vegas . During the December 2015 Republican debate held at that same venue, Adelson held one-on-one meetings with several of
1404-417: A newspaper he had co-founded in 2006 but had left. The first edition of the new newspaper, Israel Hayom , was published on July 30, 2007. On March 31, 2014, Adelson received the go-ahead from a Jerusalem court to purchase Maariv and the conservative newspaper Makor Rishon . In 2016, Adelson's attorney announced that he does not own Israel Hayom , but that it is owned by a relative of his. According to
1512-551: A salary $ 900,000 and long term stock incentives adding to a total of $ 7.7 million in 2021, the first full year after the merger. The total compensation was estimated with Gannett stock valued at the then current price. During Reed's tenure, Gannett stock has fallen 70%, reducing the value of future equity incentive plan awards. Gannett was sued in October 2019 under the New York State Child Victim's Act by
1620-719: A time, though Tegna has since moved to a new 440,000-square-foot office tower nearby, occupying roughly 60,000 square feet. On October 7, 2015, Gannett struck a deal to buy the Journal Media Group for $ 280 million, giving it control of publications in over 100 markets in the Midwestern and Southern U.S. Similar to what Gannett had earlier done with its broadcasting assets, the Milwaukee -based Journal had separated its publishing and broadcasting arms in April 2015, with
1728-551: A veteran of the Gannett organization, was announced as the new publisher and promptly withdrew those principles from publication. He also began to personally review, edit, and sometimes kill stories about an Adelson-promoted proposal for a new Las Vegas football stadium. In the months since, reporters say that stories about Adelson, and particularly about an ongoing lawsuit involving his business dealings in Macau, have been heavily edited by top management. Many reporters and editors left
1836-1104: Is an American mass media holding company headquartered in New York City . It is the largest U.S. newspaper publisher as measured by total daily circulation. It owns the national newspaper USA Today , as well as several local newspapers, including the Austin American-Statesman ; Detroit Free Press ; The Indianapolis Star ; The Cincinnati Enquirer ; The Columbus Dispatch ; The Florida Times-Union in Jacksonville, Florida ; The Tallahassee Democrat in Tallahassee, Florida ; The Tennessean in Nashville, Tennessee ; The Daily News Journal , in Murfreesboro, Tennessee ; The Courier-Journal in Louisville, Kentucky ;
1944-678: Is owned by the Japanese conglomerate Softbank . Apollo Global Management funded the acquisition with a $ 1.792 billion loan. Although GateHouse was the nominal survivor, the combined company took the better-known Gannett name. Michael E. Reed, the CEO of GateHouse's parent company, was named CEO. The new management team immediately announced it would target "inefficiencies", which could lead to cutbacks at newspapers and reduction in newspaper staff. Gannett's board of directors, which does not include anyone with journalism background, paid CEO Mike Reed
2052-623: 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
2160-977: The Democrat and Chronicle in Rochester, New York ; The Des Moines Register ; the El Paso Times ; The Arizona Republic in Phoenix, Arizona ; The News-Press in Fort Myers, Florida ; the Milwaukee Journal Sentinel ; the Argus Leader , the Pueblo Chieftain, and the Great Falls Tribune . In 2015, Gannett split into two publicly traded companies, one focusing on newspapers and publishing and
2268-481: The Las Vegas Review-Journal newspaper. The purchase was made through a limited liability company called News + Media Capital Group LLC and his involvement with the deal was initially kept secret. A week after the purchase was announced, three Review-Journal reporters revealed that the deal had been orchestrated by Adelson's son-in-law Patrick Dumont on Adelson's behalf. Commentators described
SECTION 20
#17327878061692376-697: 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
2484-734: The Poughkeepsie Journal , founded in Poughkeepsie, New York in 1785, and The Leaf-Chronicle founded in Clarksville, Tennessee in 1808. In 1984, John Curley was appointed president and COO. In 1985, Curley became CEO and continued as president. The company was headquartered in Rochester until 1986, when it moved to Arlington County, Virginia . Its former headquarters building, the Gannett Building ,
2592-515: The 2012 United States presidential election cycle. On January 7, 2012, Adelson bolstered Gingrich's then-faltering campaign with a $ 5-million donation to the pro-Gingrich super PAC Winning Our Future . By the next day, the super PAC had reserved more than $ 3.4 million in advertising time in the South Carolina primary , which included production and distribution of a half-hour movie that portrayed Gingrich's political rival Mitt Romney as
2700-576: The 2018 midterm elections in the United States, meaning that next-day newspapers would no longer contain the election's results, instead directing readers to the Internet. In January 2019, Digital First Media (DFM) made an unsolicited bid to acquire Gannett for $ 1.36 billion, but it was rejected for being undervalued. In an attempt to pursue a hostile takeover , DFM built up a 7.5% stake of Gannett's public shares. Gannett subsequently accused
2808-548: The AP Stylebook . Gannet's contract with AP was set to expire at the end of 2024. It is unclear why the company ended the agreement early or how much it was paying AP. In the second quarter of 2022, Gannett's revenue was $ 749 million, sustaining a loss of $ 54 million. In reaction to the news, the company announced, "In the coming days, we will be making necessary but painful reductions to staffing, eliminating some open positions and roles that will impact valued colleagues." At
2916-654: The American Israel Public Affairs Committee (AIPAC), which supports a two-state solution and continued aid to the Palestinians , Adelson charted a course for IAC to oppose both of these positions; Adelson himself opposed a two-state solution. Israeli journalist Chemi Shalev said that IAC had not intended to become a political pressure group and that Adelson had "hijacked" it for his " hard-right agenda". Adelson fought against internet-based gambling in his later life. Despite
3024-460: The E. W. Scripps Company acquiring the television and radio properties owned by the former's technical predecessor Journal Communications and spinning out their respective publishing operations into Journal Media Group. In December 2015, Gannett announced that its local newspapers would be branded as the "USA Today Network", signifying a closer association with the national USA Today paper. In April 2016, Gannett made an unsolicited bid to acquire
3132-573: The Mueller investigation into Russian interference , and the 2020 campaign . He was also a major backer of Israel's prime minister Benjamin Netanyahu . In 2020, Forbes listed his net worth as US$ 29.8 billion. Adelson was born on August 4, 1933, and grew up in the Dorchester neighborhood of Boston , the son of Sarah (née Tonkin) and Arthur Adelson. He was Jewish. His father's family
3240-605: The News-Press website. The practice has spread throughout the chain. In 2010, Gannett increased executive salaries and bonuses; for example, Bob Dickey, Gannett's U.S. newspapers division president, was paid $ 3.4 million in 2010, up from $ 1.9 million the previous year. The next year, the company laid off 700 U.S. employees to cut costs. In the memo announcing the layoffs, Dickey wrote, "While we have sought many ways to reduce costs, I regret to tell you that we will not be able to avoid layoffs." On March 7, 2011, Gannett replaced
3348-663: The Oakland Tribune and The Cincinnati Enquirer , seven television stations, 13 radio stations, as well as an outdoor advertising division, for $ 370 million. The outdoor advertising became known as Gannett Outdoor, before being acquired by Outdoor Systems (previously a division of 3M), before the company was sold to Infinity Broadcasting , which later became part of Viacom , and was part of CBS Corporation , until 2014 when CBS Outdoor went independent and became Outfront Media . The News Journal in Wilmington, Delaware
GateHouse Media - Misplaced Pages Continue
3456-567: The Phoenix, Arizona community for enabling its employees to sexually abuse them in the late 1970s. As the New York state window to file under its Childs Victim Act closed in August 2021, another man sued Gannett in Rochester, New York, alleging child sex abuse by the same former district manager of paperboys. This latest case brings the total to eleven men who are suing Gannett for enabling sexual abuse of former paperboys, some as young as eleven at
3564-552: The Republican National Committee . In June 2012, Adelson donated $ 10 million to the pro-Romney PAC Restore Our Future. In July, Adelson attended a Romney fundraiser held in Jerusalem. Adelson joined Woody Johnson , John Rakolta , Paul Singer , and several dozen other contributors on the trip. According to Bloomberg Businessweek , as of July Adelson had given Republicans more than $ 30 million for
3672-581: The Sands Expo and Convention Center , then the only privately owned and operated convention center in the U.S. In 1991, while honeymooning in Venice with his second wife, Miriam, Adelson came up with the idea for a mega-resort hotel. He razed the Sands and spent $ 1.5 billion to construct The Venetian , a Venice-themed resort hotel and casino, which opened on May 3, 1999. In the late 2000s, Adelson and
3780-552: The Star Advocate to Gannett for $ 1 million. Neuharth started Today in Cocoa, which eventually became Florida Today . By June 1966, paid subscriptions were 33,000, far exceeding their goal of 20,000 by the end of the year. The paper became profitable in 1968 after just 33 months. Miller was succeeded by Al Neuharth in 1973. In 1978, Gannett acquired Combined Communications Corp., operator of 2 major daily newspapers,
3888-639: The Tribune Publishing Company for $ 12.25 per-share, or around $ 400 million. This deal was rejected by Tribune's shareholders in May 2016; in turn, Gannett increased its offer to around $ 15 per-share (around $ 800 million). Although the two companies held talks during the summer and into the fall of 2016, disappointing earning reports for Gannett for the second and third quarters of 2016 caused Gannett to pull out of talks on November 1. Gannett announced it would not be delaying print deadlines for
3996-528: The U.S. Olympic Committee from voting in favor of the Chinese bid to host the 2008 Summer Olympics . A few hours later, DeLay called back and told Adelson he could tell the mayor of Beijing "this bill will never see the light of day". The resolution did not pass. Adelson testified in court that the demise of the resolution "resulted from the press of other legislation, [not from] a deliberate move by DeLay to help his benefactor." Fighting cannabis legalization
4104-926: The Woodrow Wilson Award for Corporate Citizenship by the Woodrow Wilson International Center for Scholars of the Smithsonian Institution on March 25, 2008. Adelson received the Chairman's Award from the Nevada Policy Research Institute , a think tank in Las Vegas, for his efforts to advance free market principles in Nevada. In 2014, Adelson was named to CNBC 's list of 200 people who have transformed business over
4212-657: The second inauguration of George W. Bush . President George W. Bush appointed the Adelsons to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008. Adelson was the principal financial backer of Freedom's Watch , a now-defunct political advocacy group founded to counter the influence of George Soros and Democratic -leaning lobby groups such as MoveOn.org . "Almost all" of
4320-476: The $ 140 million paid for the paper as "lavish" and as a dramatic overpayment, and speculated that the move was a power play to further Adelson's business or political agendas. Within a few weeks the paper's editor stepped down in a "voluntary buyout". In January 2016, a set of editorial principles were drawn up and publicized to ensure the newspaper's independence and to deal with possible conflicts of interest involving Adelson's ownership. In February Craig Moon,
4428-565: The $ 30 million Freedom's Watch spent on the 2008 elections came from Adelson. In 2010, Adelson donated $ 1 million to American Solutions for Winning the Future , a political action committee (PAC) supporting Republican former Speaker of the House Newt Gingrich . In December 2011, during Gingrich's bid for the U.S. presidency , Adelson spoke favorably of controversial remarks Gingrich had made about Palestinians, saying "read
GateHouse Media - Misplaced Pages Continue
4536-610: The 2012 election cycle. Romney believed that the People's Republic of China should have been pressured to drop its presumptively low fixed exchange rate policy; according to Bloomberg, Adelson would have benefitted financially in U.S. dollar terms through his interest in Chinese casinos if the Chinese yuan were to have appreciated. Early in 2014, Adelson donated $ 2.5 million to the Drug Free Florida Committee,
4644-642: 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
4752-846: 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
4860-560: The Appellate Division of the New York State Supreme Court. The nine plaintiff cases remain pending action by Judge Chimes and her court. In March 2020, Gannett announced that due to COVID-19 , it will be forced to make a series of cuts and furloughs. Executives would also take a 25% reduction in salary. In April 2022, a committee of Gannett editors made the formal recommendation that newspapers in
4968-513: The Bethlehem casino for $ 1.3 billion to Alabama-based Wind Creek Hospitality. The new owner, Wind Creek Hospitality, is owned by the Poarch Band of Creek Indians . The casino's new name is The Wind Creek Bethlehem . Adelson led a project to bring Las Vegas Sands casinos to Macau . The 1,000,000 square feet (93,000 m ) Sands Macao became China 's first Las Vegas-style casino when it opened in May 2004. He recovered his initial $ 265-million investment in one year and, because he owned 69% of
5076-434: The Cotai Strip by 2010. Adelson's company was reportedly under federal investigation over alleged violations of the Foreign Corrupt Practices Act relating to payments made to a Macau lawyer. In 2015, Sands agreed to pay a $ 9 million settlement with the Securities and Exchange Commission , which included no admission of wrongdoing. In May 2006, Adelson's Las Vegas Sands was awarded a hotly contested license to construct
5184-417: 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
5292-741: 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
5400-423: The Gannett and Sander stations in retransmission consent negotiations, anti-media-consolidation groups (such as Free Press ) and pay television providers (such as Time Warner Cable and DirecTV ) have called for the FCC to block the acquisition. On December 16, 2013, the United States Department of Justice announced that Gannett, Belo, and Sander would need to divest Belo's station in St. Louis , KMOV , to
5508-423: The Israeli daily newspaper Israel Hayom , the Israeli weekly newspaper Makor Rishon , and the American daily newspaper the Las Vegas Review-Journal . Adelson created the Adelson Foundation in 2007, a private organization focusing on support of Israel. He was Donald Trump 's largest donor, providing the largest donation to Trump's 2016 campaign , his presidential inauguration , his defense fund against
SECTION 50
#17327878061695616-412: 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
5724-475: The Observer and Eccentric chain, in southeast Michigan , including the print editions of the Livonia Observer and papers covering Westland, Farmington, Plymouth, Canton, and Birmingham. Gannett indicated that the publications would provide online content. Gannett's media properties include the following newspapers among the top 100 by circulation in the United States: Sheldon Adelson Sheldon Gary Adelson (August 4, 1933 – January 11, 2021)
5832-446: The Theatre of Marina Bay and Convention Center for Sands Live concert series, multiple swimming pools, a rooftop infinity pool , night clubs in Maison pavilions on newly constructed mini islands, and 2,500 luxury hotel rooms. In 2007, Adelson made an unsuccessful bid to purchase the Israeli newspaper Maariv . When this attempt failed, he proceeded with parallel plans to publish a free daily newspaper to compete with Israeli ,
5940-428: 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
6048-431: The acquisition of six stations from the Texas -based London Broadcasting Company in a $ 215 million deal, including KCEN-TV (NBC) in Waco-Temple-Bryan, KYTX (CBS) in Tyler - Longview , KIII (ABC) in Corpus Christi , KBMT (ABC/NBC) in Beaumont - Port Arthur , KXVA (FOX) in Abilene - Sweetwater and KIDY (FOX) in San Angelo . The company's COO Phil Hurley will also join Gannett to continue his leadership role at
6156-439: The age of 15, he borrowed $ 10,000 (equivalent to $ 126,814 in 2023) from his uncle to start a candy vending-machine business. He attended the City College of New York , but did not graduate. He attended trade school in a failed attempt to become a court reporter, then joined the army. After being discharged from the army, he established a business selling toiletry kits, then started another business, De-Ice-It, which marketed
6264-580: The campaign against Massachusetts ballot question 4 the Massachusetts Legalization, Regulation and Taxation of Marijuana Initiative which legalized marijuana for personal use. Adelson also donated $ 1,500,000 towards the unsuccessful effort to thwart the 2016 Florida medical Marijuana Legalization Initiative . Adelson sat out the 2016 Republican primaries, with some early indicators at the beginning of 2016 interpreted as showing that Adelson favored Trump. In May 2016, explaining his reasons for officially endorsing Donald Trump's presidential bid , Adelson cited
6372-465: The candidates prior to the start of the debate, including front runner Donald Trump . The bidding to become Adelson's favorite, and ultimately receive tens of millions in financial support, was informally called "The Adelson Primary". On May 13, 2016, he endorsed Trump for president, and pledged as much as $ 100 million to support his campaign. Adelson was later described as a Trump partisan. In October 2016, Adelson donated one million dollars to
6480-405: The chain should significantly pare back the opinion material that newspapers traditionally publish on their editorial pages, including editorials, op-ed columns, syndicated columns and editorial cartoons. According to the company-wide memo, "Readers don't want us to tell them what to think. They don't believe we have the expertise to tell anyone what to think on most issues. They perceive us as having
6588-429: The company announced that it would buy out the remainder of Classified Ventures —a joint venture between Gannett and several other media companies, for $ 1.8 billion, giving it full ownership of properties such as Cars.com . On April 21, 2015, Gannett announced that the publishing arm would continue to use the Gannett name, while the broadcasting and digital company would be named Tegna —an anagram of Gannett. The split
SECTION 60
#17327878061696696-403: The company built a casino resort in Bethlehem, Pennsylvania . It is one of five stand-alone casinos that were awarded a slots license by the Pennsylvania Gaming Control Board in 2006. The casino opened May 22, 2009. In 2010, during the Great Recession , Adelson told The Wall Street Journal "If it were today, we probably wouldn't have started it." In 2019, the Las Vegas Sands Corp. sold
6804-461: The company of engaging in a proxy fight . After a failed attempt to place three DFM nominees on Gannett's board of directors through a proxy vote on May 16, 2019, DFM sold shares lowering their ownership to 4.2%. On August 5, 2019, New Media Investment Group, parent of GateHouse Media , announced that it would acquire Gannett. New Media Investment Group is managed and controlled by another private equity firm, Fortress Investment Group . Fortress
6912-520: The computer industry, beginning in 1979. It was one of the largest computer trade shows in the world through much of the 1980s and 1990s. In 1995, Adelson and his partners sold the Interface Group Show Division, including the COMDEX shows, to SoftBank Group of Japan for $ 862 million; Adelson's share was over $ 500 million. In 1988, Adelson purchased the Sands Hotel and Casino in Las Vegas for $ 110 million (approximately equivalent to $ 283,390,000 in 2023). The next year, he and his partners built
7020-405: The desert, and that he was "using hyperbole to make a point that ... actions speak louder than words". During the Suen trial , Bill Weidner, the president of Adelson's Las Vegas Sands company, testified about a telephone conversation between Adelson and his friend then- House Majority Leader Tom DeLay (R-TX) about a bill proposed by Representative Tom Lantos (D) that would have prevented
7128-718: The email to the attention of Gannett's management to conduct their own investigation. Gannett chief operating officer Michael G. Kane sent the original claimant a letter indicating no evidence had been found and they were "closing out" the matter. A few months later New York passed its Child Victim Act lifting statute of limitations on child sex abuse claims. This initial case is currently pending. Four more lawsuits were filed in February 2020 and are pending. Additionally, three more men filed suit against Gannett for child sex abuse in September 2020 and April 2021; these cases are all pending too. In December 2020, Gannett and its Arizona Republic newspaper were sued by two former paperboys in
7236-485: 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
7344-437: The end of August, the company announced that it was laying off 3% of its United States workforce, which was about 400 employees. At this announcement, Gannett also said they would not be filling 400 open positions. At the time of the announcement, Gannett stock, which was already down about 45% on the year, fell an additional 28.5%. In October, the company announced the second round of financial austerity steps. These included
7452-404: The fact that the Workers Compensation Board has no mechanism to consider this question of justice and legal rights, as the Board is tasked by the state of New York solely to: " administer workers’ compensation, disability benefits and Paid Family Leave. " On July 26, 2024, this demand of Gannett, received and accepted fully by Judge Deborah Chimes, was reversed , by the Fourth Judicial Department of
7560-551: The fourth largest television broadcaster in the U.S. with 43 stations. Because of ownership conflicts that exist in markets where both Belo and Gannett own television stations and newspapers, the use of a third-party company (Sander Media, LLC, owned by former Belo executive Jack Sander) as a licensee to buy stations to be operated by the owner of a same-market competitor and concerns about any possible future consolidation of operations of Gannett- and Belo-owned properties in markets where both own television stations or collusion involving
7668-437: The history of those who call themselves Palestinians, and you will hear why Gingrich said recently that the Palestinians are an invented people." Adelson donated to U.S. Senate and House of Representatives candidates. During the 2012 Republican Party presidential primaries , Adelson first supported Newt Gingrich and then the eventual nominee Mitt Romney . Altogether he spent $ 92 million supporting losing candidates during
7776-561: The largest newspaper publisher in the United States, which adopted the Gannett name. Mike Reed was named CEO. Gannett Company, Inc. was formed in 1923 by Frank Gannett in Rochester, New York , as an outgrowth of the Elmira Gazette , a newspaper business he had begun in Elmira, New York , in 1906. Gannett, who was known as a conservative , gained fame and fortune by purchasing small independent newspapers and developing them into
7884-479: The last 25 years. According to The New Yorker , Adelson began making major contributions to the Republican National Committee following clashes with labor unions at his Las Vegas properties. The New Yorker article also quoted Shelley Berkley , a Nevada Democratic Party congresswoman, with whom Adelson had a long feud. She worked for him in the 1990s as vice-president of legal and governmental affairs, and said Adelson told her that "old Democrats were with
7992-569: The legalization, and acceptance from many Las Vegas casino CEOs, Adelson poured money into candidates wanting to overturn state legislation that legalizes online gambling. In early 2015, Adelson publicly backed a bill introduced in the U.S. House of Representatives . The legislation, named the Restore America's Wire Act, was met with mixed reviews by the Republican Party. Adelson and his wife, Miriam Adelson, were presented with
8100-509: The middle of the desert that doesn't hurt a soul, maybe a couple of rattlesnakes and scorpions or whatever". He explained that, after a show of force and a threat to also drop a nuclear bomb on Tehran, the U.S. should then say: if "You [Iran] want to be peaceful, just reverse it all and we will guarantee that you can have a nuclear power plant for electricity purposes, energy purposes." Adelson's spokesman told reporters that Adelson "was obviously not speaking literally" about using an atomic bomb in
8208-418: The newspaper citing "curtailed editorial freedom, murky business dealings and unethical managers." All three reporters who originally broke the story about Adelson's ownership have left. Longtime columnist John L. Smith, who had often written about Adelson and had been unsuccessfully sued for libel by him, resigned after he was told he could no longer write anything about Adelson. The Las Vegas Review-Journal
8316-447: The newspaper company, leaving Gannett's remaining broadcasting and digital operations under the leadership of Martore. In a statement, she explained that the split plans were "significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus, and strengthening all of our businesses to compete effectively in today's increasingly digital landscape." Additionally,
8424-503: The only one to allow unrestricted access. On March 24, 2012, the company announced that it would discipline 25 employees in Wisconsin who had signed the petition to recall Governor Scott Walker , stating that this open public participation in a political process was a violation of the company's code of journalistic ethics and that their primary responsibility as journalists was to maintain credibility and public trust in themselves and
8532-469: The organization. On August 21, 2012, Gannett acquired Blinq Media. Around the first week of October 2012, Gannett entered a dispute against Dish Network regarding compensation fees and Dish's AutoHop commercial-skip feature on its Hopper digital video recorders . Gannett ordered that Dish discontinue AutoHop on the account that it is affecting advertising revenues for Gannett's television stations. Gannett threatened to pull all of its stations should
8640-400: The other on broadcasting. The broadcasting company took the name Tegna , and owns about 68 TV stations. The newspaper company inherited the Gannett name. The split was structured so that Tegna is the legal successor of the old Gannett, while the new Gannett is a spin-off . In November 2019, New Media Investment Group acquired and merged its GateHouse Media subsidiary into Gannett, creating
8748-583: The owner and publisher of the Cocoa Tribune , and shared his plan for a morning daily paper in Brevard County. Holderman was not interested. Over the next few years, several Gannett representatives attempted to negotiate a purchase, without success. In the late 1950s, Al Neuharth was assistant managing editor at the Miami Herald and became acquainted with Marie Holderman. In 1963, he
8856-465: The political committee trying to defeat Florida's Right to Medical Marijuana Initiative which would legalize medical cannabis in that state. Later in 2014, Adelson donated an additional $ 1.5 million to the No On 2 campaign. He believed that cannabis is a gateway drug . According to a 2014 Washington Post report, Adelson's strategy for the 2016 United States presidential election was to support
8964-523: The requirement that all employees take a week of unpaid leave in December, and a suspension of matching contributions to employee 401(k) accounts. Gannett also instituted a hiring freeze and is seeking volunteers for buyouts. Gannett announced around 200 more layoffs, or 6% of the news division, in November 2022. As part of the cuts, Gannett stopped printing six community papers, collectively known as
9072-486: The six stations. The acquisition was completed on July 8, 2014; in total, Gannett stations now serve 83% of households in the state. Post acquisition, Gannett now outright owns and operates their first Fox affiliates, KIDY & KXVA. On August 5, 2014, Gannett announced that it plans to split into two independent publicly traded companies–one focused on newspapers and publishing, the other on broadcasting. Robert Dickey, head of old Gannett's newspaper division, became CEO of
9180-405: The skirmish continue beyond October 7, and Dish and Gannett fail to reach an agreement. The two parties eventually reached an agreement after extending the deadline for a few hours. On June 13, 2013, Gannett announced plans to buy Dallas -based Belo Corporation for $ 1.5 billion and the assumption of debt. The purchase would add 20 additional stations to Gannett's portfolio and make the company
9288-741: The stock, he increased his wealth when he took the stock public in December 2004. Following the opening of the Sands Macao, Adelson's personal wealth multiplied more than fourteen times. In August 2007, Adelson opened the $ 2.4 billion Venetian Macao Resort Hotel on Cotai and announced that he planned to create a massive, concentrated resort area he called the Cotai Strip , after its Las Vegas counterpart. Adelson said that he planned to open more hotels under brands such as Four Seasons , Sheraton , and St. Regis . His Las Vegas Sands planned to invest $ 12 billion and build 20,000 hotel rooms on
9396-451: The stylized "G" logo in use since the 1970s (notably used on its TV stations as a corporate/local ID with different animations), and adopted a new company tagline: "It's all within reach." In February 2012, Gannett announced that it would implement a paywall system across all of its daily newspaper websites, with non-subscriber access limited to between five and fifteen articles per month, varying by newspaper. The USA Today website became
9504-605: The time of their injuries in the 1980s or upon enactment of the CVA in 2019. In December 2022, presiding Judge, Deborah A. Chimes acquiesced to Gannett's demands that NY Workers Compensation Board – despite the existence of the Child Victims Act as NY State law – determine if Plaintiffs have a valid cause of action for damages or whether they are limited to benefits under the Worker’s Compensation Law. This despite
9612-469: The time. Nearly three years after the first lawsuit filing, in July 2022, Gannett defense attorneys notified the court of their intent to file a motion to have the former paperboys' Child Victims Act cases taken "out of the state court system and turn them over to the New York Workers' Compensation Board" stating that the 11–14-year-old paperboys should have applied for workman's compensation at
9720-518: The trip in May 1965. Convinced of Gannett's determination and at age 81, Holderman decided to sell, and Pound told the executives they wanted $ 1.9 million in compensation. Neuharth's response: "We told them that was a fair price and we certainly paid her more than she expected to get." In 1966, Neuharth took charge of Gannett Florida. After a few months, the Hudson family in Titusville decided to sell
9828-544: The union and he wanted to break the back of the union, consequently he had to break the back of the Democrats". The Boston Globe said that Adelson "waged some bitter anti-union battles in Las Vegas". Berkley is further quoted in The New Yorker article as saying that Adelson "seeks to dominate politics and public policy through the raw power of money". In February 2012, Adelson told Forbes magazine that he
9936-550: The wire service in Gannett-owned publications. According to a statement from the company, this decision, regarded by observers as a cost-cutting move, "will give us the opportunity to redeploy more dollars toward our teams and build capacity where we might have gaps." In that same memo, Gannett said it signed an agreement with Reuters to publish the newswire's global content. Gannett will continue to pay AP for its election-related polling and vote-counting, and pay to access
10044-609: Was "against very wealthy people attempting to or influencing elections. But as long as it's doable I'm going to do it. Because I know that guys like Soros have been doing it for years, if not decades. And they stay below the radar by creating a network of corporations to funnel their money. I have my own philosophy and I'm not ashamed of it. I gave the money because there is no other legal way to do it. I don't want to go through ten different corporations to hide my name. I'm proud of what I do and I'm not looking to escape recognition." In 2005, Adelson and his wife each contributed $ 250,000 to
10152-486: Was a personal passion of Adelson, whose son Mitchell died of an overdose of heroin and cocaine . Mitchell used cocaine and heroin from an early age. Adelson believed cannabis is a gateway drug . At the November 2017 conference of the Israeli-American Council (IAC), Adelson declared that the organization should become primarily a political lobbying group on Israel-related issues. In contrast to
10260-545: Was an American businessman, investor , political donor , and donor to Donald Trump . He was the founder, chairman and chief executive officer of Las Vegas Sands Corporation, which owns the Marina Bay Sands in Singapore , and the parent company of Venetian Macao Limited, which operated The Venetian Las Vegas and the Sands Expo and Convention Center before selling the properties in early 2022. He owned
10368-463: Was completed on June 29, 2015. The split was structured so that the old Gannett changed its name to Tegna, and then spun off its publishing interests as a "new" Gannett Company. Tegna retained "old" Gannett's stock price history under a new ticker symbol, TGNA, while "new" Gannett inherited "old" Gannett's ticker symbol, GCI. The two companies shared a headquarters complex in Tysons Corner for
10476-457: 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. Gannett Gannett Co., Inc. ( / ɡ ə ˈ n ɛ t / )
10584-589: 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
10692-576: Was hired by Miller to manage the Democrat and Chronicle in Rochester, New York . Two years later, he asked Miller for an opportunity to persuade Holderman. In their meeting, Neuharth complimented the Tribune , but told Holderman that she lacked the resources to win a competition. Holderman was invited to Rochester for a meeting to talk with Gannett executives. The Gannett corporate airplane flew four people from Florida to New York. John Pound, managing editor joined Holderman and her two granddaughters on
10800-784: Was listed on the National Register of Historic Places in 1985. Douglas H. McCorkindale succeeded Curley as CEO in 2000 and chairman in 2001. That year, the company moved to its headquarters in Tysons Corner, Virginia , a suburb of Washington, D.C. Beginning in 2005 at the Fort Myers News-Press , Gannett pioneered the mojo concept of mo bile multimedia jo urnalists, reporters who were initially untethered from conventional newsrooms and drove around their communities filing hyperlocal news in various formats including text for print publication, still photos for print and online publication, and audio and video for
10908-470: Was of Ukrainian Jewish and Lithuanian Jewish ancestry. His mother emigrated from England , and Adelson said that his grandfather was a Welsh coal miner . His father was a taxi driver, and his mother ran a knitting shop. He began his business career at the age of 12 when he borrowed $ 200 from his uncle (equivalent to $ 3,385 in 2023) and purchased a license to sell newspapers in Boston . In 1948, at
11016-523: Was purchased from DuPont and The Tennessean in Nashville in 1979, when the chain had grown to 79 newspapers. In 1982, the broadcasting unit partnered with Telepictures Corporation to start out its Newscope program. Gannett's oldest newspaper is the Berrow's Worcester Journal based in Worcester, England and founded in 1690. In the United States, the oldest newspapers still in circulation are
11124-406: 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
11232-423: 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
11340-507: 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
11448-581: Was still leading with a 44.3% readership exposure, compared to 31% for the Israel Hayom weekend edition, 14.9% for Maariv , and 6.8% for Haaretz . This trend was already observed by a TGI survey in July 2010. In 2011, the Israeli press said that Adelson was unhappy with the coverage on Israeli Channel 10 alleging he had acquired a casino license in Las Vegas inappropriately through political connections. The channel apologized after Adelson threatened
11556-473: Was the first major newspaper nationwide to endorse Trump in 2016. In a panel discussion at Yeshiva University on October 22, 2013, Adelson said that the United States must get tougher on the issue of Iran's suspected nuclear weapons program. He said: "You pick up your cell phone and you call somewhere in Nebraska and you say 'OK, let it go' and so there's an atomic weapon goes over, ballistic missiles in
11664-520: 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
#168831