Assets. Overview Overview. New Media shareholders will own 50.5% of the combined company, while Gannett shareholders will own 49.5%.
[45] In December 2015, Gannett announced that its local newspapers would be branded as the "USA Today Network", signifying a closer association with the national USA Today paper. The company's nine-member board will consist of five directors from New Media, three from Gannett, and New Media's current lead director, Kevin Sheehan. Affiliate companies operate as individual brands within a greater network under a common parent entity. WorldView works on a lot of environmental projects for local, state and federal governments. [56], Apollo Global Management funded the acquisition with a $1.792 billion loan. WorldView is a geographic information systems (GIS) consulting firm. WorldView works on a lot of environmental projects for local, state and federal governments.
Pages in category "Former Gannett subsidiaries" The following 58 pages are in this category, out of 58 total. © Gannett Co., Inc. 2020. Organisation Structure. It owns the national newspaper USA Today, as well as several local newspapers, including the Detroit Free Press; The Indianapolis Star; The Cincinnati Enquirer; The Tennessean in Nashville, Tennessee; The Courier-Journal in Louisville, Kentucky; the Democrat and Chronicle in Rochester, New York; The Des Moines Register; The Arizona Republic in Phoenix, Arizona; The News-Press in Fort Myers; the Milwaukee Journal Sentinel; and the Great Falls Tribune. He was succeeded by Gracia Martore, Gannett's Chief operating officer, a 26-year company veteran.
All Rights Reserved. [17][18] The outdoor advertising became known as Gannett Outdoor, before being acquired by Outdoor Systems (previously a division of 3M), before the company was sold to Infinity Broadcasting, which later became part of Viacom, and was part of CBS Corporation, until 2014 when CBS Outdoor went independent and became Outfront Media. GateHouse Media's owner and Gannett have agreed to merge in a deal aimed at cutting overlapping costs and enabling the combined company to pursue a digital transformation as the media industry grapples with the disruptive forces of online news, social media and smartphones. Gannett Fleming has more than 2,300 employees in more than 60 offices around the world.
Gannett Fleming subsidiary acquires Va.-based consulting firm. Bascobert will serve as CEO of the combined Gannett-GateHouse subsidiary, while Reed will remain at the top of the umbrella company, which will also take on the name Gannett. [24], On March 24, 2012, the company announced that it would discipline 25 employees in Wisconsin who had signed the petition to recall Governor Scott Walker, stating that this open public participation in a political process was a violation of the company's code of journalistic ethics and that their primary responsibility as journalists was to maintain credibility and public trust in themselves and the organization. Follow USA TODAY reporter Nathan Bomey on Twitter @NathanBomey. The fate of for-profit local journalism hangs in the balance as the news industry spars with digital giants Google, Facebook and others for revenue and the attention of Americans. The company has responded to the industry’s revenue decline by making a series of acquisitions to bolster its revenue and gain scale while also shedding costs. “The Gannett Board unanimously determined that this combination with New Media is in the best interests of Gannett shareholders, customers, audiences, and employees, providing significant and immediate value, as well as the ability to benefit from the upside potential of the combined company,” said J. Jeffry Louis, chairman of Gannett, in a statement. "Those of us that see the immense significance of local news certainly hope it works.".
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