Key executives, who will report to Bascobert, include: In addition, Henry Faure Walker will serve as CEO of Newsquest Media Group, a publishing arm in the United Kingdom. "We’ve spent a lot of time carefully selecting the management team for the company, and it’ll be a good blend of the two companies on the management team, which will help the culture issue," Reed said. That was down from about $1.4 billion when the deal was announced in August because of a decline in New Media’s stock price. Toddler released from hospital after drinking toilet cleaner dies. Gannett said it will later fill the chief marketing officer role. Is it a good time to buy? Investors should be wary of these four potential perils, Funko, Inc. (FNKO) CEO Brian Mariotti On Q3 2020 Results – Quick Version Earnings Call Transcript, Media Advisory – Ritchie Bros. Investor Day 2020, Viavi Solutions Inc. 2020 Q3 – Results – Earnings Call Presentation, Uber Reports Mixed Earnings but Still Expects Profitability in 2021 – Barron’s, Carl Icahn boosts Xerox stake to over 14%. The Taunton Daily Gazette is one of the many newspapers owned by New Media Investments.

Alison Engel, previously Gannett's chief financial officer, who will serve as CFO of the new company. signing a deal to buy USA Today-owner Gannett. New Media’s purchase of Gannett, using a combination of cash and stock, was valued at approximately $1.1 billion as of Monday’s market close, according to a regulatory filing with the Securities and Exchange Commission. New Media shareholder Omega Advisors owns a 9.9 percent stake and will only vote for the deal if New Media’s stock price stays above $8, The Post previously reported. Trump campaign scores legal win in Pennsylvania vote count, College student with COVID-19 found dead in dorm room while quarantining, USPS says huge amount of mail-in ballots were not delivered, Woman busts her cheating boyfriend after spotting clue in his selfie, Police, protesters clash in NYC as demonstration turns chaotic.

Gannett announced on Thursday that their revenues were down 10% and their print advertising has dropped by more than 18% during the fourth quarter of 2019.

Maribel Perez Wadsworth, previously USA TODAY Network president, who will serve as president of news and will continue to serve as USA TODAY publisher. This story has been shared 219,372 times. DSW boots are buy one, get one 50 percent off, Samsung Galaxy Note 10+ phone discounted 27 percent for Amazon sale, Walmart’s best early Black Friday deals to shop right now, Sephora VIB sale's 19 top deals on royal beauty must-haves in 2020, OkiOki is making serious waves in the affordable mattress market, Kris Jenner turns 65: See her evolution through the years. Jason Taylor, previously president of New Media Ventures and GateHouse Live, the company's events business, will serve as president of events and promotions at the new company. Jay Fogarty, previously senior vice president for corporate development at GateHouse, who will serve in that role for the new company. He previously was CEO of New Media. We do not create or publish our own content or copy full articles from other sites. Engel's role was announced previously. 219,372, This story has been shared 194,289 times. Sitemap

Do Not Sell My Personal Information. 132,775, © 2020 NYP Holdings, Inc. All Rights Reserved New Media is forking over $6.25 per share in cash — plus each Gannett share gets 0.5427 of New Media stock. Anna Wintour expands title in Condé Nast reshuffling, This story has been shared 219,372 times.

Michael E. Reed is a businessperson who has been at the helm of 7 different companies and presently holds the position of Chairman, President & Chief Executive Officer of Gannett Co., Inc. and Chief Executive Officer & Director at GateHouse Media Operating LLC (a subsidiary of Gannett Co., Inc.). Samantha Howland, previously senior vice president of human resources for GateHouse, who  will serve as chief people officer. In a joint interview, Reed and Bascobert said they assembled their executive team with an eye on cohesion as the company aims to become a digital media powerhouse. – Barron’s, South Korea Stock Market May Extend Winning Streak, NortonLifeLock Inc Earnings, Revenue Beat in Q2, Becton, Dickinson and Company (BDX) CEO Thomas Polen on Q4 2020 Results – Earnings Call Transcript. “Stock price is not an issue,” he said, while walking out of a meeting at the St. Regis Hotel in Manhattan with current and potential investors. The new Gannett has more than 250 daily publications, including USA TODAY, as well as several hundred weeklies and an array of digital marketing services. How high can Palantir go? – Barron’s, BigCommerce Shares Slip Despite Earnings Beat – Barron’s, Cloudflare Stock Spikes on Beat-and-Raise Quarter – Barron’s, Ball (BLL) Q3 2020 Results – Earnings Call Transcript, Dynavax Technologies Corporation (DVAX) CEO Ryan Spencer on Q3 2020 Results – Earnings Call Transcript, CorMedix’s (CRMD) CEO Khoso Baluch On Q3 2020 Results – Quick Version Earnings Call Transcript, Brookdale Senior Living (BKD) Q3 2020 Results – Earnings Call Transcript, Why Innovative Industrial Properties Stock Surged Today – Motley Fool, Kirkland Lake Gold Ltd. (KL) CEO Tony Makuch on Q3 2020 Results – Earnings Call Transcript, T-Mobile Is on a Roll With Subscriptions. Your Ad Choices 22 mins Cash account and options Reddit 22 mins JELD-WEN Holding, Inc. 2020 Q3 – Results – Earnings Call Presentation Seeking Alpha Gannett on Wednesday named a mix of leaders from the old Gannett and its acquirer, New Media Investment Group, to lead the media company. Alden chief Heath Freeman did not return a call. Mike Reed will serve as CEO of the newly combined public company, which took on the name of Gannett Co. when the merger was finalized Tuesday. We've received your submission. Paul Bascobert will serve as CEO of the new company's operating subsidiary, Gannett Media Corp., as previously announced. New Media’s shareholders and Gannett’s both have to approve the deal. Market Insider works with public RSS feeds of best business news websites, personal blogs and provides automatically generated list of financial news links directly referring to its sources. The Stock Is Soaring. Trump speaks from White House as vote count leans toward Biden. The well over six-foot tall Reed said that because the merger with Gannett is partially a stock transfer, the price of the shares are not important. Kris Barton, previously Gannett's chief product officer, who will take on the same role. Sorry, your blog cannot share posts by email. Can Trump run again in 2024 if he loses the 2020 presidential election? New Media Investment chair and CEO Michael Reed told The Post he’s not concerned the stock has fallen by almost 25 percent since signing a deal to buy USA Today-owner Gannett. Gannett chairman and CEO Michael Reed said that he expect so implement about $60 million in annual cost-saving measures by the end of March. Post was not sent - check your email addresses!

Virgin Galactic announces date for the first space flight out of New Mexico. It’s in talk for acquiring a Britain contract.

Bascobert said they sought to "create a careful balance between the two organizations" with a goal of ensuring people are on the same page culturally and strategically. © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC.

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