Michael Reed Archives - New Jersey Globe

Gannett reports huge financial losses, with print circulation down 13%

May 7, 2021 9:57 amMay 7, 2021 12:58 pm

Gannett reported a net loss of $142.3 million for the first quarter of 2021, with advertising revenues down 18% from the previous year, indicating continued financial difficulties that could impact the ten newspapers they own in New Jersey. The newspaper...

Gannett pressuring employees to end bid to unionize, Senators, House members allege

March 3, 2021 5:36 pmMarch 3, 2021 5:40 pm

Five New Jersey lawmakers today told Gannett to stop interfering with the right of reporters at three North Jersey newspapers to unionize. U.S. Senators Bob Menendez and Cory Booker, and Reps. Bill Pascrell (D-Paterson), Josh Gottheimer (D-Wyckoff) and Mikie Sherrill...

Gannett reports increase in digital subscriptions

May 8, 2020 11:13 am

Gannett, which owns ten daily newspapers in New Jersey, says digital subscriptions are up 29% with a 100% increase over the last six weeks. Stock prices in the media giant went up nearly 5% on Thursday after Gannett reported a...

Gannett nationwide layoffs at 566 as company reports drop in earnings

February 28, 2020 2:57 pm

Gannett announced layoffs of 91 employees, including 42 newsroom jobs, at newspapers across the U.S. this week, although none came from their ten dailies in New Jersey, according to a spreadsheet maintained online. That brings the total number of Gannett...

Gannett approves sale to GateHouse

November 14, 2019 10:49 amNovember 14, 2019 10:54 am

Gannett shareholders today approved the sale of the daily newspaper chain to GateHouse Media, creating the newspaper group in the United States. It will likely mean multiple layoffs and buyouts for reporters and other employees at eight New Jersey dailies...

Gannett newspaper votes to unionize

October 14, 2019 9:30 pm

Reporters for the Gannett-owned Arizona Republic voted to unionize last week, just one month before the media giant faces a shareholder vote on a proposed acquisition by GateHouse Media. The move to form a union passed by a 68%-32% margin....

Gannett chain sold to owner of Burlington County Times

August 5, 2019 2:58 pmAugust 5, 2019 4:26 pm

Gannett, which operates seven daily newspapers in New Jersey, has been sold to the New Media Investment Group/GateHouse Media, the owner of the Burlington County Times and NJBiz. As part of the merger, GateHouse chairman and CEO Michael Reed will...