New Media/GateHouse keeps buying and diminishing newspapers
February 28, 2017
Early on in his fourth quarter earnings call for investors, New Media Investment Group CEO Michael Reed singled out the Sarasota Herald-Tribune for its award-winning investigative reporting. "We are so proud of the role our publications play within the communities...
UMG contract with Peoria Journal Star rolls over for another year
February 14, 2017
The United Media Guild's collective bargaining agreement with the Peoria Journal Star has extended for another year, until March 31, 2018. Article XVIII of the CBA (as extended through March 31, 2017) includes a rollover clause that extends the full...
GateHouse reaches new low, proposes “catch up” premium increases
November 17, 2016
Just when you think you've seen everything in contract negotiations, GateHouse Media surprises you with something even more draconian. This week GateHouse offered its most onerous proposal to date at the Rockford Register Star: Retroactive medical and dental insurance premium...
New Media CEO Michael Reed still mystified by his faltering stock price
October 28, 2016
Once again New Media Investment Group CEO Michael Reed argued that his company's stock is undervalued. "We believe the dividend increase speaks to our optimism around the outlook for the company," he told analysts Thursday on his third quarter earnings...
New Media Investment Group stock flounders as mismanagement continues
October 24, 2016
Back in October, 2014, Citi analyst Jason Bazinet was bullish on New Media Investment Group stock. The parent company of GateHouse Media was selling at better than $18 per share at the time and Bazinet set a price target of...
UMG scrutinizes Springfield, Rockford hiring as bargaining drags on
October 19, 2016
The United Media Guild demands to bargain over the hiring of new journalists at the State Journal-Register in Springfield and the Rockford Register Star. Why would we take such a direct interest in the company's newsroom management? The short answer...
Journalists stand up to vulture capitalists at GateHouse Media
September 21, 2016
Across the New Media Investment Group/GateHouse Media empire, journalists are standing up for their craft and the vital role news-gathering operations fill in their community. Not long after newsroom employees at the Lakeland Ledger voted to join The NewsGuild, their...
August 11, 2016
The United Media Guild congratulates the journalists of the Lakeland Ledger for voting in The NewsGuild 22-3 Thursday afternoon. That becomes the first newsroom organized in Florida -- and we expect more to follow, especially at papers owned by the...