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Gannett, Gatehouse talking merger

Discussion in 'Journalism topics only' started by SoloFlyer, May 30, 2019.

  1. wicked

    wicked Well-Known Member

    Since this is your world, Lancey... are there ever any sanctions for execs who offer incorrect or misleading financial statements?
    Last edited: Dec 29, 2019
  2. Raven

    Raven Well-Known Member

    It's all about the bottom line for executives and shareholders.
  3. LanceyHoward

    LanceyHoward Well-Known Member

    Not really the shareholders. The merger allows the company that holds the management contract, Fortress, to pull tens of millions of dollars out. The shareholders will get hosed also. The stock has already gone from 10 to 6.
  4. Twirling Time

    Twirling Time Well-Known Member

    That translates to about 20,000 job cuts in that time.

    Pack your parachutes.
  5. bumpy mcgee

    bumpy mcgee Well-Known Member

    Paul Bascobert just mentioned this guy's framed picture in today's Town Hall. Welcome Paul.
  6. Tarheel316

    Tarheel316 Well-Known Member

    I didn’t tune in. What else happened?
  7. bumpy mcgee

    bumpy mcgee Well-Known Member

    A lot of talk about integration of benefits, networks, systems, presses and staff. Some digital marketing talk, a review of stories done, a Q4-Q1 video coming out soon highlighting the last few months.
  8. Tarheel316

    Tarheel316 Well-Known Member

    Thanks Bumpy. And now we have to learn yet another new content management system. Fun.
  9. wicked

    wicked Well-Known Member

    The video will show hundreds of employees walking out of the newsrooms/sales offices with their stuff in a cardboard box. Perhaps they’ll get an escort. Riveting!
  10. wicked

    wicked Well-Known Member

    What are the names of the current systems? Last time I was a Gannetter, it was CCI.
  11. Tarheel316

    Tarheel316 Well-Known Member

    My shop is using Naviga now. We just switched to it over the last few months. Now we’re going to have to switch to something called Presto.
  12. bumpy mcgee

    bumpy mcgee Well-Known Member

    We are using SaxoTech, which has made strides in recent years, but year, it's still SuxoTech
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