It isnt just regional papers being swept up in the latest round of mergers and acquisitions new media is getting into the mix as well. I just hope its done for the right reasons. It is expected that the dividend will be increased over time as synergies are realized and leverage is reduced. New Media shareholders will own 50.5% of the combined company, while Gannett shareholders will own 49.5%. The sale closed on Oct. 1, 2018, for $12.5 million. Fortress, which is owned by Japanese conglomerate SoftBank, negotiated a breakup fee to step aside at the end of 2021. GateHouse Media - Wikipedia These forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and there are certain important factors that could cause actual results to differ, possibly materially from expectations or estimates reflected in such forward-looking statements, including, among others: Additional risk factors that could cause actual results to differ materially from expectations include, but are not limited to, the risks identified by New Media and Gannett in their respective most recent Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. New Media Investment Group Portfolio Investments, New Media Investment According to Delport, based on the company's own calculations, Vice has a global digital audience of 300 million monthly users across its owned-and-operated properties as well as platforms like. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Kris Barton, previously Gannett's chief product officer, who will take on the same role. [citation needed] In October 2006, GateHouse had its IPO with Fortress maintaining 60% ownership. (203) 307-2250 T, and has built the largest chain of local U.S. papers, including 156 dailies from the Austin American-Statesman to the Register-Guard in Eugene, Oregon. Delivery Hero Cautious On New Investments In Grocery Delivery, Navigating The New Era Of Sustainable Investing: How Family Offices Can Adapt To Evolving Regulations And Values, Misfits Gaming Group Hires Former Bleacher Report Exec Sam Toles As Chief Media & Entertainment Officer, Prince Harry Claims Murdochs News Group Paid Large Sum To Settle Phone Hacking Suit In 2020, New Collaborative Aims To Boost Investment In Companies Creating Quality Jobs For The Very Poor, WHSmith Invests In New North American Stores As It Eyes $62 Million In Profit, The Cavinder Twins Take Content Creation Beyond NIL With New Media Partnership, Why Alternative Strategies Represent A New Frontier In Investing, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information.
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