GateHouse Media Sacking Journalists, CEO says "not material"

GateHouse Media Sacking Journalists, CEO says “not material”

Native newspaper large GateHouse media is making cuts throughout US newsrooms for a second time in 2019, following at the very least 60 layoffs in January and February, and losses in Q1.

 

Enterprise Insider has confirmed cuts at no less than ten native newsrooms in Florida, Pennsylvania, Texas, Ohio and Massachusetts, with probably extra to come back late Thursday and Friday.

 

A GateHouse worker who wished to maintain their title personal mentioned layoffs may quantity close to 200.

 

When Enterprise Insider talked to Mike Reed, CEO of GateHouse’s guardian firm New Media Funding Group, he downplayed the cuts, calling them “not materials,” without offering a selected variety of cuts, however denying the 200 quantity, calling it “a lie.”

 

“We’ve 11,000 workers, rather a lot to me is 2,000,” he mentioned.

 

Later, he reportedly confirmed to Poynter that the cuts would affect “a few hundred” individuals.

 

“We’ve layoffs and new hires that you’d count on with an organization of 11,000 workers,” he mentioned. “We’re attempting to reallocate bills and assets from non-gross sales and non-content material producing locations and put these sources and bills into producing extra content material and extra gross sales, which might put us in a greater place for long-run success.”

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