[[This mix of temporary and permanent actions allows us the near-term flexibility we need to drive improvement while preserving our ability to quickly pivot as we see the economy and areas of our business progress.]]. It plans to refinance the rest at a lower rate this year. Meanwhile, in Eastern Massachusetts and across the country, independent news projects are rising up to fill the gap left by Gannetts retreat. A contingent of NewsGuild of New York members protested Gannett CEO Mike Reed outside a Citi technology conference in New York City on Friday, blasting the nation's biggest news chain for laying off more than 400 employees while spending lavishly on executive compensation and stock buybacks. He formerly served on the Board of Directors for the Minneapolis Star Tribune, from 2009 to 2014. No credit card required. We specialize in professional IT services /Data Center, Collaboration, Cloud and Virtualisation solutions/ and business software solutions based on Microsoft Dynamics NAV and CRM product family, BI and LS Retail. Reprisals of any kind for doing so kept the Gannett company is one of those,. $5B to $10B (USD) Industry. Inc. ("New Media"), and Gannett Co., Inc. ("Legacy Gannett") was a separate publicly traded company. The management team, led by CEO Mike Reed, has improved the fundamentals on every metric. Mike Reed email address & phone number | Gannett | USA TODAY NETWORK December 16, 2015. Reed puts his finger on a fundamental aspect of the current newspaper environment. A former media critic for the Boston Phoenix, Dan Kennedy continues to write incisively about the print and digital universe at his blog, Media Nation. ), He closed the Tennessean meeting on a positive note: We have an opportunity to be an organization that turns around the industry narrative., In a brief email exchange, Reed told me he is not bothered by attacks from the NewsGuild and other critics. Wood's Ark Invest nearly liquidates Silvergate Capital position, Musk bets big on beating shareholders at 'funding secured' trial, Investor Peltz, corporate doctor, pushes Disney to take bitter pill, BYD's Shares Fall After Warren Buffett Cuts Stake in Company Again, Shares of Ant-controlled companies, Alibaba rise after Jack Ma gives up control, Arnault tightens family grip on LVMH as daughter becomes Dior CEO, Circles: Another Bayer investor wants to split up - share price rises, Credit Suisse nears deal to buy Michael Klein's advisory firm - Bloomberg News, Investor Fundsmith accuses Unilever of 'virtue signalling' and prioritising Peltz, Cucinelli tops forecast with near 30% sales jump in 2022, Chairman, President & Chief Executive Officer. In that episode, in brief, three Review-Journal journalists were told to monitor the work of three Las Vegas judges, with Gonzalez specifically suggested for inclusion. Find your friends on Facebook. You must attribute this work to Media Nation (with link). '', who use LinkedIn to exchange information, ideas, and Reed assumed the position of for. Gannett: CEO of Gannett Co.'s operating company will leave company Gannett, the largest chain, reported in November that digital-only subscriptions rose 46 percent from the previous year, to 1.5 million.