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Media 2023: MIKE REED
Reed has held USA Today publisher Gannett‘s top position since its 2019 merger with GateHouse Media owner New Media Investment Group, where he was CEO. Under his leadership, the company has not only been writing headlines but making them. On June 5, during Gannett’s annual shareholder meeting, hundreds of Gannett journalists walked off the job […]
Gannett restructuring into two units
McLean-based Gannett Co. Inc. is restructuring to create two new U.S. business units, the nation’s largest newspaper publisher announced last week. The units will be Gannett Media and Digital Marketing Solutions (DMS). Maribel Perez Wadsworth, based in McLean, will lead Gannett Media, while Kris Barton, based in the Los Angeles area, will lead DMS. “This […]
Media matters
It’s hard to have a conversation about anything in the headlines, especially anything to do with technology or politics, without some blame being assigned to “the media,” as if there were one enormous unified communications cloud shaping all our collective thoughts. That would be enormous for certain, but the media is perhaps more consolidated than […]
Gannett names first chief data officer
McLean-based Gannett Co. Inc. named Nate Rackiewicz its first chief data officer, it announced Monday. Rackiewicz will lead a team to implement the company’s customer identity, data and growth analytics, as well as data science and modeling capabilities. He will report to Gannett’s chief marketing and strategy officer, Mayur Gupta. “We are excited to welcome […]
Gannett to refinance $1.05B in debt
McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Monday it will refinance $1.05 billion in debt to lower its interest rates and extend maturity on outstanding debt. Gannett, which has struggled financially during the pandemic, in November 2020 announced it had refinanced approximately $500 million in debt to more quickly repay […]
Gannett announces $500M debt refinancing
McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Tuesday it has refinanced approximately $500 million in debt to more quickly repay on outstanding loans. Gannett announced in early April that it was negotiating with its vendors, creditors and pension regulators in order to preserve the company’s liquidity. It was noticeably not […]
Gannett sells business media, marketing subsidiary
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sold its business media and B2B marketing subsidiary, BridgeTower Media, to Los Angeles-based middle-market private equity firm Transom Capital Group, the company announced last week. Financial terms of the sale were not disclosed. Through more than 40 digital and print brands, BridgeTower Media provides media and [&hel[...]
Gannett division acquired by Silicon Valley CRM developer
Silicon Valley-based customer relationship management developer SugarCRM announced late last week it had acquired New Jersey-based W-Systems, a division of McLean-based Gannett Co. Inc.’s UpCurve, which it acquired in 2019. Financial terms of the deal were not disclosed. Under the acquisition, SugarCRM will expand its implementation services for its artificial intelligence-powered sales, m[...]
Tegna raises $550M in debt financing
Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has raised $550 million in debt financing, which will go to pay outstanding debt. “With this successful offering, Tegna has reduced our overall average borrowing costs and locked in a lower fixed interest rate as we did earlier this year, further strengthening our balance […]
Tegna names its first chief diversity officer
Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has promoted Grady Tripp to become the company’s first chief diversity officer. Tripp has been with the company since 2017 on the talent acquisition team. In his new role, he will report directly to Tegna President and CEO Dave Lougee and partner with other […]
Gannett names chief marketing, strategy officer
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, announced Tuesday it has hired Mayur Gupta as its chief marketing and strategy officer, a newly created position. Gupta most recently served as chief marketing officer at meal preparation company Freshly and, before that, was global vice president for growth and marketing for music streaming company […]
Gannett’s Rugged Races subsidiary to host virtual runs during pandemic
While large events have been canceled amid the pandemic, Rugged Races, a subsidiary of McLean-based Gannett Co. Inc. (the nation’s largest newspaper publisher), announced Monday it has signed a licensing agreement with Warner Bros. Entertainment Inc. to produce virtual runs with superhero and comic book characters. “Unlike a traditional road race where thousands of people […]
