Posted on 08/05/2019 8:01:13 PM PDT by george76
The combined company would have more than 260 daily papers in the United States, along with more than 300 weeklies. It would be the largest U.S. newspaper company
...
the U.S. has lost almost 1,800 local newspapers since 2004. Newsroom employment fell by a quarter from 2008 to 2018, according to Pew Research, and layoffs have continued this year.
Both GateHouse and Gannett are known as buyers of other papers. Bulking up lets companies cut costs — including layoffs in newsrooms — and centralize operations.
...
GateHouse’s owner, New Media, is taking on new debt to get the deal done — a $1.8-billion loan from private equity firm Apollo Global Management. That will have to be paid back.
...
Consolidation is nothing new to either company. Gannett’s last big U.S. print purchase was in 2016, when it bought papers in the Journal Media Group chain for $280 million, including the Milwaukee Journal Sentinel and the Commercial Appeal in Memphis. Gannett also owns dailies in major cities such as the Detroit Free Press and Arizona Republic.
Its more recent merger efforts have been unsuccessful. It failed in an unsolicited bid for newspaper chain Tribune. Gannett then fended off an unwanted bid by MNG Enterprises, better known as Digital First Media, a hedge-fund backed media group with a slash-and-burn reputation for cutting jobs and letting papers wither.
(Excerpt) Read more at latimes.com ...
Want to post a profit? Get rid of Liberal “journalists” and start printing true, conservative news.
declining circulation and plunging advertising revenue
“Want to post a profit? Get rid of Liberal “journalists” and start printing true, conservative news.”
I don’t need conservative news; I need objective reporting and better choice of topics. A great sport section too without a focus on the Yanquis.
Wonder how many of us told the desk clerks, when we checked into a hotel or motel, that we were not paying for a USA Today.
More good news. Fake and hate news isn’t working today!
The U.S. has lost almost 1,800 local newspapers since 2004. Newsroom employment fell by a quarter from 2008 to 2018, according to Pew Research, and layoffs have continued this year.
Both GateHouse and Gannett are known as buyers of other papers. Bulking up lets companies cut costs — including layoffs in newsrooms — and centralize operations.
...
GateHouse’s owner, New Media, is taking on new debt to get the deal done — a $1.8-billion loan from private equity firm Apollo Global Management. That will have to be paid back.
A newspaper is the absolute last place any of us would go for news. Like the evening news & Sunday talk shows, the model is dead.
Won’t help.
Dead tree news is too many news cycles behind by the time it is delivered.
Only the most die-hard nostalgic buy a fish wrap anymore.
“GateHouse’s owner, New Media, is taking on new debt to get the deal done — a $1.8-billion loan from private equity firm Apollo Global Management. That will have to be paid back.”
yeah, that’s gonna work out real well ... given continuously shrinking revenue and subscriptions, that kind of extra weight ought to sink the dying lying leftist fake stream enemedia even quicker than before ...
I want them to use this standard: “If we publish it, it is true.”
I did. I also don’t stay in hotels that don’t provide free internet.
My local Gatehouse paper prints every bit of shite put out by the AP. I barely glance at the headlines.
Doesn’t have to be conservative news. Just print the facts and leave out the emotional adjectives, descriptors and personal opinions.
Every time.
<< checked into a hotel or motel, that we were not paying for a USA Today.
Why are you still subscribing and feeding the beast?
Before 2019 is over, there will be upwards of 12,000 job cuts within the American media. That’s 12,000 fewer Democrat foot soldiers; 12,000 fewer propagandists, serial liars...
Even CNN Jeffrey Toobin worried that the Fake News : BuzzFeed report would leave a lot of people believing that “the news media are a bunch of leftist liars.”
Only a liberal would borrow money to fund a failing enterprise.
Only a liberal would borrow money to fund a failing enterprise.
True!
Maybe the Deep State/Soros thugs will find ways to fund these losers to keep their Fake News spewing until after election day on 2020.
Good for you.
I wonder if they will go bankrupt before they can pay that 1.8 Billion back?
The only thing that would make me smile any wider is if Mittens gets taken along with the other Apollo morons.
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