Comments on: Gatehouse Buys Gannett, Projects $300 Million in Cuts https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/ Online News Thu, 08 Aug 2019 19:37:56 +0000 hourly 1 By: News Maven https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189603 Thu, 08 Aug 2019 19:37:56 +0000 http://tallahasseereports.com/?p=210092#comment-189603 In reply to News Maven.

UPDATE:
https://nypost.com/2019/08/07/new-media-deal-to-buy-usa-today-owner-gannett-is-hanging-on-for-dear-life/amp/
“Reed also will tell investors he plans to sell assets worth about $200 million next year to further reduce debt, the sources said. That likely means exiting some Florida papers where there’s overlap. The combined company would own both the Tallahassee Democrat and Naples Daily News.

Sen. Rick Scott: PLEASE BUY THE NAPLES PAPER! You could retire from the Senate, hang out at home with the grandkids, and be a de facto newspaper magnate!
Way more fun than battling Chucky Schmucky!

]]> By: Old Cop https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189495 Wed, 07 Aug 2019 09:34:32 +0000 http://tallahasseereports.com/?p=210092#comment-189495 Proof that journalism is dead in the U.S. Not the merger, but the political activism by the print media that created the need for it.

]]> By: News Maven https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189465 Wed, 07 Aug 2019 00:43:17 +0000 http://tallahasseereports.com/?p=210092#comment-189465 In reply to News Maven.

Stock dilution to help pay for the purchase.
Big mistake.
https://www.barrons.com/articles/new-media-stock-plunges-on-planned-merger-with-gannett-51565126310
“It seems pretty clear investors hate this deal.”

Folks, if you want to know how to successfully buy another company, don’t copy this Chinese fire drill.

]]> By: News Maven https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189434 Tue, 06 Aug 2019 18:05:39 +0000 http://tallahasseereports.com/?p=210092#comment-189434 In reply to Snidely Whiplash.

Apparently Gatehouse shareholders agree with the Snidester. Gatehouse stock is down another 17% today, ouch!

]]> By: Snidely Whiplash https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189426 Tue, 06 Aug 2019 16:22:48 +0000 http://tallahasseereports.com/?p=210092#comment-189426 Title Correction:
Gatehouse pay $1.4 Billion for a turd.
You are welcome!!!!

]]> By: Seemore https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189392 Tue, 06 Aug 2019 13:48:38 +0000 http://tallahasseereports.com/?p=210092#comment-189392 I am thankful. Seemore be in agreemant with Tony. It not wise to pay for a study to count papers. I thank they have two easy of a job trying to save 300 million because that study could be done free by google.I am thankful.

]]> By: TONY https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189357 Tue, 06 Aug 2019 11:00:18 +0000 http://tallahasseereports.com/?p=210092#comment-189357 “Gannett, with a circulation of 4.32 million and 215 titles including USA Today, according to a University of North Carolina study.”” ************************** You had to do a STUDY to see how many New Papers Gannett owns? How much did THAT Study cost?

]]> By: News Maven https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189340 Tue, 06 Aug 2019 09:36:04 +0000 http://tallahasseereports.com/?p=210092#comment-189340 In reply to Jerry A Kimbro.

The Fake Newsocrat was doomed Aug. 3, 2005, when Knight-Ridder sold it to Gannett.

A Day of Journalistic Infamy.

]]> By: News Maven https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189338 Tue, 06 Aug 2019 09:26:47 +0000 http://tallahasseereports.com/?p=210092#comment-189338 “We believe this transaction will create value for our shareholders…”
GateHouse stock (NEWM) is down 61% since early 2015.
“…greater opportunities for our employees…”
They’ll do the only thing they know how to do – more waves of layoffs. Eventually, data-mining software will be writing the stories, and they’ll crowdsourse visuals from social media, without compensation. “If someone said it, it’s true!”
“…and a stronger future for journalism.”
How is basically reducing America to ONE newspaper chain (voice) better for journalism? Would one party be better for elections too?

Diversity in America’s print media just took one giant step backwards.

Here’s another take on this, written before the merger was official:
https://www.floridaphoenix.com/2019/08/05/your-florida-news-landscape-might-be-about-to-change-a-lot/

Meanwhile, Gannett shareholders may initiate a shareholder lawsuit for breach of fiduciary duty:
https://finance.yahoo.com/news/shareholder-alert-ademi-oreilly-llp-220700045.html
They rejected a $12 hostile takeover bid 6 months ago because it was too low, but now they’re OK with $12.06?

]]> By: Jerry A Kimbro https://tallahasseereports.com/2019/08/05/gatehouse-buys-gannett-projects-300-million-in-cuts/#comment-189328 Tue, 06 Aug 2019 08:54:21 +0000 http://tallahasseereports.com/?p=210092#comment-189328 So the Democrat is doomed?

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