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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 […]
Media 2023: KELLY TILL
In 2022, Till became the first woman to lead the Richmond Times-Dispatch in its 172-year history, after leading Southeastern U.S. regional advertising sales for parent company Lee Enterprises, a position she also holds. Before joining Lee, Till was an ad executive for The Virginian-Pilot and Daily Press. An alumna of Old Dominion University, she serves […]
Newsroom unions urge Lee to reject Alden’s offer
A dozen Lee Enterprises newsroom unions, including three in Virginia, wrote an open letter to company management Monday, urging Lee to reject Alden Global Capital’s purchase offer of approximately $144 million. “Alden has cut their staffs at twice the rate of competitors, resulting in the loss of countless jobs,” the letter reads. “They’ve fostered unhealthy […[...]
Alden Global Capital seeks to buy Lee Enterprises for $144M
Alden Global Capital, the hedge fund that owns The Virginian-Pilot and Daily Press in Virginia, has proposed purchasing Lee Enterprises, the Iowa-based owner of the Richmond Times-Dispatch and most other major Virginia newspapers, for approximately $144 million, Alden announced Monday. If accepted, the $24 per share purchase price would consolidate 12 of Virginia’s daily legacy […]
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[...]
