Old crony Steve Syre analyzes GateHouse Media in today’s Boston Globe as well as comes to the end that’s sadly informed when seeking during journal companies these days: the papers, yet not in good shape, would be you do excellent if it weren’t for the corporate debt underneath that they’re staggering.
Not to keep joining to the story we wrote upon GateHouse for CommonWealth Magazine final fall, though it’s relevant.
medianation.blogspot.com
Media Nation only perceived the duplicate of an e-mail sent out to GateHouse employees in Eastern Massachusetts from Rick Daniels, the CEO as good as boss of GateHouse Media New England. Bottom line: the 7.75 percent compensate cut. Here is the full text:
A MESSAGE FROM RICK DANIELS, CEO/PRESIDENT GHMNE
As you all know as good well, the highway out of the horrible mercantile as good as promotion unemployment has been intensely difficult, as good as nonetheless you have the lot to be unapproachable of upon how you have responded. We … Continue Reading
GateHouse’s Patriot Ledger of Quincy has posted an superbly candid story about what’s starting upon inside a bum journal chain. The article, by Jon Chesto, describes a 7.75 percent compensate cut voiced by GateHouse New England arch senior manager Rick Daniels as “temporary.” The goal, Chesto writes, is to save $2.5 million this year.
Chesto explains:
The distance of a compensate rebate will change depending upon an employee’s salary, trimming from 7 percent up to only … Continue Reading
I’m conference which GateHouse Media has imposed an 8 percent compensate cut for managers as well as will be articulate with a unions next. The usually kinship shops between GateHouse’s 100-plus writings in Eastern Massachusetts have been a Patriot Ledger of Quincy as well as a Enterprise of Brockton*, so we do not know what this equates to for a immeasurable infancy of employees who work for non-union papers.
The Ledger is additionally slicing behind upon the coverage area from twenty-six cities as well as towns to 12, according to a single of my arguable … Continue Reading
Two weeks after GateHouse Media laid off maybe the dozen or so people during the Eastern Massachusetts papers, I’m conference from sources which the mandatory, company-wide assembly has been called for Thursday during 10 a.m.
No thought what it’s about, though folks have been fresh for bad news.
medianation.blogspot.com