[4] Salaries, bonuses, commissions, wages (maximum $100,000 per annum per employee), Employee allowances (sick leaves, medical, parental, and vacation pay), The first charge would be wire fraud. Recommend to a Friend. While New Media must allocate income to profit, as do its peers, it must also allocate money to Fortress which, of course, would claim that its earning that payment. IIAS intends to offer a platform where suspicious activities related to PPP loan can be shared and discussed in a secure environment. Given a better 2015, it generated $39.7 million total in 2015 and only $5.7 million in 2014. . 500 SUNSET AVE ASHEBORO, NC 27203 Get Directions (336) 626-6103. www.gatehousemedia.com . New Media is well positioned to take advantage of more great acquisition opportunities at attractive valuations in 2017. Its the remaining family newspaper companies, like the 119-year-old Dix Newspapers, that are taking the money and exiting the business. Find company research, competitor information, contact details & financial data for Gatehouse Media Oklahoma Holdings, Inc. of Ardmore, OK. Get the latest business insights from Dun & Bradstreet. Its the cutbacks at the smaller papers the roots of the pre-Fortress GateHouse chain that may be most telling. GateHouse Holding A/S: DK12948700 GateHouse Group A/S: DK43302078. Your trust is our top concern, so companies can't alter or remove reviews. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. (Tronc stands at about $500 million, Lee Enterprises at $145 million, A.H. Belo at $135 million, and McClatchy at $89 million.) Gatehouse Media Massachusetts I Inc pays an average of $41,376 per year, or $19.89 an hour. Email this Business. Defendant GateHouse Media Massachusetts I, Inc. (GateHouse), publisher of the Patriot Ledger newspaper, appeals from a separate and final judgment under Mass.R.Civ.P. Launched in March 2020 in response to the economic uncertainty that was triggered by the novel coronavirus (COVID-19) pandemic, the PPP made hundreds of millions of dollars in federal funding available to businesses struggling as a result of the pandemic. GateHousewould also continue to charge a $4.95 activation fee for new subscribers. Patriot Ledger. We don't just need solutions; we need the courage to imagine they will succeed, and the collective will to make them happen. Those add to its impressive reach: 19 million people through 564 community print publications, 489 websites, 476 mobile sites. Meet the first-ever artificial intelligence editor at the Financial Times. More Local News to Love Start today for 50% off Expires 3/6/23. We are hiring continually as the right candidates appear. Now it becomes part of an even larger portfolio, as Softbank emerges, post-acquisition with about $170 billion in managed assets. The parent of the nations second-largest newspaper company, Gatehouse Media, has struck a $1.38 billion agreement to acquire USA Today publisher Gannett in a cash-and-stock deal. Start making your online monthly payments today by creating your account below. Its more than that though. 11201 Brooklyn, NY, GateHouse Holding A/S: DK12948700 Starting March 1, 2019, in regard to the payment of legal advertisements for public hearing notifications, Gatehouse Med Get your business & brand in front of the right audience with our special offers, limited time deals, seasonal . Helpfulness Rating Date. 3 Beds. But have they used it correctly? GateHouse Media must be doing extremely well since this year's bonuses are over a quarter of a million more than the company awarded in 2010. The long-rumored merger of Gannett's 110 dailies and GateHouse's 156 was announced this afternoon by both companies. This employer has not claimed their Employer Profile and is missing out on connecting with our community. New Media Investment Group Inc., the parent of GateHouse Media, is buying Gannett Co. in a cash-and-stock transaction, the companies said Monday. And with a market value of $800 million, it stands second only to Gannetts ($1 billion) among public newspaper firms. 4 Mar. New Media has bought up larger papers in Providence, Columbus, Sarasota, and Worcester, plus chains of multiple dailies, including 24 from Halifax Media (the old New York Times Regional Newspaper Group), eight dailies from Dow Jones Local Media Group and six from Stephens Media. Offer expires 9/30/19. We look for new software developers to build new tracking features for the maritime industry. Furthermore, GateHouse is closed on December 31. Photo of Donald Trump and SoftBank CEO Masayoshi Son at Trump Tower December 6, 2016, by AP/Andrew Harnik. Nearby homes similar to 107 Gatehouse Dr have recently sold between $330K to $434K at an average of $155 per square foot. Gatehouse Media employees attributed a compensation and benefits rating of 2.5/5 stars to their company. Those numbers may have knocked about 4 percent off the share price this week. GateHouse is the acquiring . We've received your submission. This will discontinue the policy of submitting Gatehouse Media checks/payments to town departments for processing. GateHouse Media, Pittsford (town), New York. 62 E Broad St. Columbus, OH 43215-3503. Word of an overall 4.6 percent budget cut across the chain is rifling through company. Value of Showcase ad is $600. There was a lot of talk about limiting newsroom layoffs when GateHouse Media bought Gannett at the end of 2019. Gatehouse Media Massachusetts I Inc may also be known as or be related to Gatehouse Media Massachusetts I Inc. Work At Gatehouse Media Massachusetts I Inc? Discounts, Offers and Advertising Opportunities. The looting of the Covid relief plan known as PPP, 22 people charged in connection with a multi-million dollar Paycheck Protection Program fraud scheme, Small Businesses Are Being Hit by PPP Loan Scams, 15% of Paycheck Protection Program Loans Could Be Fraudulent, Study Shows, Man Passes Out After Hes Found Guilty of PPP Loan Fraud, Cape Coral woman pleads guilty to PPP loan fraud, accused of using money for a pool, PPP Loan Scams: 900 open criminal investigations, 100 arrested so far, Bank Fraud Involving PPP Loans Could Lead to Prison Time, Even for Relatively Small Advances, Money from the COVID Paycheck Protection Program was allegedly largely misspent, Florida Man Charged With PPP Loan Fraud After Allegedly Misusing Millions To Buy Luxury Goods. New Users. {{cite web Location. Even a single PPP loan fraud case might involve multiple criminal laws. For more information, please contact Dan Kennedy at dan dot kennedy at northeastern dot edu. The money was extracted by shortening the length of We are looking for both new graduates and experienced developers. The drivers are barred by the settlement from speaking to the press about it. GateHouse Media, Inc. (NYSEARCA:NYSEARCA:GHS) Q2 2008 Earnings Call August 8, 2008 10:00 AM ETExecutivesMark Maring - Investor RelationsMichael E. Job Title. Nieman Journalism Lab. Payment Method: UNVERIFIED. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales . Sign In . Under the settlement, GateHouse continues to deny any wrongdoing. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); IsItaScam.com allows you to expose any case where someone created a fictitious entity to get a loan, overstated the number of employees or size of payroll to get a bigger loan than was permitted, or misused the proceeds for something other than the authorized expenses. action, pleaes click here. Keenholtz,of Marblehead, and Dorothy Guillicksen, of Hanover, are the plaintiffs named in the class-action suit. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email a link to a friend (Opens in new window), Email: dan dot kennedy at northeastern dot edu. GateHo For the first time in nearly 35 years, The Florida Times-Union is under new ownership. Contact Information. "Newsonomics: Softbank, Fortress, Trump and the real story of Gatehouses boundless ambition." From the time I learned about it, I was astounded that GateHouse would go to the trouble of hitting subscribers with an activation fee and charging them for publications they hadnt asked for and didnt want. Box 779 Worthington, OH 43085 614-406-5651 info@gatehousemediapartners.com . If you would like to customise your choices, click 'Manage privacy settings'. User Rating for GATEHOUSE MEDIA MARYLAND HOLDINGS INC, whistleblowers & employees reveal that their employers have abused their funds, 5 U.S.C. The answer, of course, isnt singular. New Media agreed to fork over $46 million to A.H. Belo Corp. for the ProJo. . Where does the acquisition money come from? GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. Gatehouse Media Massachusetts I Inc Salaries, To create our salary estimates, Zippia starts with data published in publicly available sources such as the U.S. Bureau of Labor Statistics (BLS), Foreign Labor Certification Data Center (FLC). There is a significant gap between what Gatehouse Media Massachusetts I Inc pays the bottom 10 percent of earners and the top 10 percent of earners. The case went up to the Appeals Court, which ruled in 2018 in favor of the newspaper carriers. Why not just raise the subscription price? If you purchase a product or register for an account through one of the links on our site, we may receive compensation. According to a court filing, the settlements will range from $1.54 to $1,741.63, with an average settlement payment of $518.87. Zippia gives an in-depth look into the details of Gatehouse Media Massachusetts I Inc, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Gatehouse Media Massachusetts I Inc. Save my name, email, and website in this browser for the next time I comment. United States GateHouse USA Corp. 370 Jay Street, 7th Floor 11201 Brooklyn, NY. Nearby Recently Sold Homes. During round 1 of the paycheck protection program, GATEHOUSE MEDIA MARYLAND HOLDINGS INC requested a PPP loan for 535000 USD. Gannett, which publishes USA Today, owns just over 100 newspapers while New Media Enterprises, GateHouse Media's parent company, owns nearly 400 American newspapers across 39 states. GateHouse SatCom A/S: DK26040299 Salaries posted anonymously by Gatehouse Media employees. If the president attacked any other industry, what would the response be?. Given the presidents promotion of CNN into the ranks of very fake news and his senior advisor Jared Kushners recent brash critique of the station to Time Warner execs, thats a different sort of handshake to watch. At the heart of most struggles for justice is the desire for a better world. GateHouse Media. That's a pretty steep sum for a once-great paper that's now a shadow of its former self, with a daily circulation of . This little-talked-about, wont-talk-to-the-press newspaper chain owns more daily newspapers than any other U.S. publisher likely more than any other publisher in the world. This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. One driver, who spoke to a reporter on condition that his name not be used, said there have been no changes in working conditions due to the lawsuit. GateHouse Group A/S: DK43302078, GateHouse SatCom A/S: DK26040299 YouTubes privacy policy is available here and YouTubes terms of service is available here. And Ian Donnis of Rhode Island Public Radio writes that GateHouse continues to hack away at The Providence Journal, and that layoffs may be coming. There is no record of GATEHOUSE MEDIA MARYLAND HOLDINGS INC committing any sort of PPP Scam reported anywhere. The size of each drivers settlement will be based on the number of weeks the carrier worked for the Patriot Ledger between September 2008 and November 2015. You call them and they tell you, sure we will have the billing department call you, sure we will put a note in for the carrier to put your paper on the porch, sure we will have a manager call you . | accessdate = 4 March 2023 If we stay on the current trajectory, its utterly plausible that AI language tools will begin to blend into our daily workflows, similar to how Google and Google Translate have. . The StarNews' parent company is . Drivers who sign the settlement agree not to bring any further lawsuits against GateHouse related to wages, overtime, employer classification or any other issue stemming from the class action suit. Is PPP Loan Fraud The Largest Fraud Of All Time? And if youre the CEO of one of the chains, youre probably far more interested in the increased chances of cross-ownership. In the laissez-faire regulation environment taking shape under Trump, newspaper publishers and local broadcasters may well for the first time be able to combine their enterprises. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. Residents may also make payments online by credit card for an additional fee. NEW YORK (AP) Just a week after announcing its $1.4 billion acquisition of Gannett, GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the future awaiting employees of what will become the largest U.S. newspaper company.. GateHouse and Gannett say the merger will allow GateHouse to accelerate its newspapers' move to digital while . A leadership void in newspaper companies has opened up local journalism further to private equity firms looking to vacuum out profits. Web. Mark Batten, an attorney for GateHouse, said he was not allowed to comment on the settlement. Simpson did not return calls. of Community Development and Municipal Inspections (CDMI) that requires the posting of a public hearing. Gatehouse Media Partners. 2.4 Culture. GATEHOUSE MEDIA MARYLAND HOLDINGS INC applied and was granted a PPP loan, GATEHOUSE MEDIA MARYLAND HOLDINGS INC is located in Hagerstown,MD, As per GATEHOUSE MEDIA MARYLAND HOLDINGS INC, 535000 USD went towards payroll proceeds, HSBC Bank USA, National Association in MCLEAN,VA financed GATEHOUSE MEDIA MARYLAND HOLDINGS INCs PPP Loan. Starting March 1, 2019,in regard to the payment of legal advertisements for public hearing notifications,Gatehouse Media will bill the fees for legals ads directly to the Applicant. The employee data is based on information from people who have self-reported their past or current employments at Gatehouse Media Massachusetts I Inc. Clues from a newsroom thats been using AI for years. Find company research, competitor information, contact details & financial data for Gatehouse Media Massachusetts I, Inc. of Beverly, MA. The Reverse Scooby-Doo theory of tech innovation comes with the excuses baked in, How will journalists use ChatGPT? The company will retain the Gannett name and the companys McLean., Va., headquarters. As New Media Investment announced its annual financials Tuesday, we now have a better view of the company and its plans but before we get to that, lets pick apart that Softbank news. Its a project of the Nieman Foundation for Journalism at Harvard University. Gatehouse Media Massachusetts I Inc pays $19.89 an hour, on average. More importantly, though, for the story of flagging local American journalism in a time of great societal stress, its a triumph of capital over community. None of the information on this page has been provided or approved by Gatehouse Media Massachusetts I Inc. Address. Full time work week is 77.50 hours per week. . User experience and cybersecurity are paramount for us. Language. As one savvy industry insider observed to me: Its the same plan as Tronc and Gannett they are just far better and more disciplined at making it work.. It's Secure. Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement, Privacy Policy and Cookie Statement, and Your Privacy Choices and Rights (each updated 1/26/2023). See Gatehouse Media salaries collected directly from employees and jobs on Indeed. We can do the math on what the financialization of these community papers has meant, from Massachusetts to California. The parent of the nation's second-largest newspaper company, Gatehouse Media, has struck a $1.38 billion agreement to acquire USA Today publisher Gannett in a cash-and-stock deal. Similar Businesses Nearby Enter your email address to follow this blog and receive notifications of new posts by email. Fysisk lag FPGA udvikler / FPGA Developer. GateHouse Media, which owns more than 100 daily and weekly community newspapers in Eastern Massachusetts, has agreed to settle a class-action lawsuit brought over the company's practice of charging for "premium" publications that subscribers hadn't asked for. Though GateHouses strategy makes a huge difference to the millions of people in the communities its newspapers serve, the likelihood of any new political, Trump-related pressure on this local press seems small. Hours of work are 145 am to 1030 am seven days a week. 552 (Freedom of Information Act), Up to three-quarters of the $800 billion in disbursed PPP funds flowed to business owners instead of workers, study finds. The authorities have been rather vigilant in finding people who committed, Yes. Many of GateHouse's Massachusetts papers are venerable, stretching back several . Its parent company, New Media Investment Group, merged with Gannett in 2019. Under the agreement, subscribers may receive a refund or have their subscriptions extended if the proposed settlement is approved in Superior Court. One of the Big Apple's largest office building owners is gearing up to stop loan payments on several older properties, calling some "obsolete" in a post-pandemic world, according to a report in the Financial Times. One of the big winners in the deal is Fortress Capital, which took Gatehouse through a bankruptcy in 2013 that shed most of its debt. How much do Gatehouse Media employees make? Its dailies like GateHouses most of them in smaller cities of the country that now demand new scrutiny out of this election. Help advance the Nieman Foundations mission to promote and elevate the standards of journalism, 2023 by the President and Fellows of Harvard College. This story has been shared 150,222 times. 373 0. Some SEC filings can help us find some clarity. Sometimes when you connect the dots, you just get more dots. Is THOMAS, BENNETT & HUNTER, INC. a Scam? saved to your. Please note the following public holidays in Denmark are excluded from normal service hours. Try searching for similar jobs, similar companies, or nearby cities. Ratings by category. Read what they think about their salaries on our Compensation FAQ page for , Customer Service salaries - 3 salaries reported, Multimedia Sales Executive salaries - 2 salaries reported, Photographer salaries - 2 salaries reported, Printing Pressman salaries - 1 salaries reported, Page Designer/Copy Editor salaries - 1 salaries reported, Senior Editor salaries - 1 salaries reported, Customer Experience Manager salaries - 1 salaries reported, Copy Editor/Page Designer salaries - 1 salaries reported, Account Executive salaries - 1 salaries reported, Community Journalist salaries - 1 salaries reported, Digital Manager salaries - 1 salaries reported, Director IT salaries - 1 salaries reported, Marketing Director salaries - 1 salaries reported, Journalist salaries - 1 salaries reported, Sales Director salaries - 1 salaries reported, Staff Accountant salaries - 1 salaries reported. Attorney James Simpson, who represented the carriers, will get $141,652. Just click here to sign up via Patreon. Disclosure would be clearer and more prominent than it had beenpreviously. New Media Investment Group, a holding company that controls GateHouse Media, announced that it had agreed to buy Gannett, the owner of USA Today and more than 100 other publications nationwide, in . $330,000 Last Sold Price. This policy change effects those Applicants with business before the Conservation Commission, Planning Board, Zoning Board of Appeals,or any other board/committee within the Dept. New York Times CEO Mark Thompson sparred with Trump on his year-end call, but Newtons point is right on: There are CEOs of major media companies (and companies that own media companies) employing many tens of thousands of workers who are being called dishonest. Offer valid with only a $1,500 minimum digital campaign spend, and cannot be combined with any other offer. 2.9 Work-Life Balance. Under terms of the agreement, the fee deal will sunset in two years. Password protected. All of the papers the Guild represents that are owned by GateHouse have not had their wages increased in 8 to 10 years, says Melissa Nelson, director of collective bargaining for the NewsGuild-Communication Workers of America. GateHouse Media Inc., which owns over 400 community newspapers and hundreds of local websites, is restructuring its $1.2 billion debt in a prepackaged Chapter 11 bankruptcy filing. 2.1 Job Security & Advancement. Mon Thurs: 08.00 16.00 That includes 40 jobs cut at the Providence Journal, a paper GateHouse bought from Belo in 2014. The lowest-paid workers at Gatehouse Media Massachusetts I Inc make less than $27,000 a year, while the highest-paid workers earn over $61,000. IsItaScam.com does not modify the data and makes no claims regarding its accuracy, nor will entertain any request to remove any entry. GateHouse Media is a leader in local content and advertising in hundreds of communities across the country. At best, GateHouse puts together a cluster of newspapers best for cost-cutting efficiency and consolidation and takes over a newer printing operation that it can use for centralized, again more cost-efficient, publishing. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Boston Globe, 11/30/2008. GATEHOUSE MEDIA MARYLAND HOLDINGS INC took out a PPP loan worth $535000 for Payroll Processing for it's 54 employees. Inquiries or questions regarding GateHouse Group or general GateHouse information? New Media will pay $6.25 in cash and 0.5427 New . As with Reeds twin announcements Tuesday more acquisitions, but also more reductions in staff we see the GateHouse/Digital First Media playbook in its full application. (614) 461-5000. Furthermore, GateHouse is closed on December 31. In the companys just-filed Securities and Exchange Commission 10-K, Fortress earned $9.8 million in management fees and $9.6 million in incentive compensation, amounting to that total of $19.4 million. Its smallest are weeklies with barely more than 1,000 paid subscribers, such as the Bolton Common, the Norton Mirror, and the Georgetown Record.. Gatehouse Media. while finding money to pay off debts . This has led to worry of widespread fraud (and a few highly-publicized cases of fraudulent PPP loan applications), and it has forced numerous federal agencies to turn their attention to combatting PPP loan fraud. | date = 23 February 2017 Community Rules apply to all content you upload or otherwise submit to this site. Its not the only playbook out there, but its the most used. 2023 NYP Holdings, Inc. All Rights Reserved, More than 200 Gannett staffers stage one-day strike over wages, Gannett apologizes for running obituary trashing ex-NYPD cop, USA Today demoted me for a tweet because its woke newsrooms are out of touch with readers, USA Today removes 23 articles after reporter fabricated sources. Average Gatehouse Media Massachusetts I Inc Salary. Our model gets smarter over time as more people share salaries on Glassdoor. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. His supposed promise, accompanied by the firm Trump hand on Sons shoulder: $50 billion in U.S. investment, aiming to create 50,000 jobs. AUGUSTA, Ga. Morris Communications will sell its 11 daily newspapers and other publications in those markets to New Media Investment Group, the parent company of GateHouse Media Inc., the . They find its dividend just increased to 35 cents per quarter attractive. Last modified February 23, 2017. GateHouse Maritime A/S: DK37439568 Nieman Journalism Lab. Salary information comes from 5 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Read what they think about their salaries on our Compensation FAQ page for Gatehouse Media. The not-very-helpful text of the notice: To learn more about the proposed class action settlement in the Steven Keenholtz, M.D., et al. I asked New Media CEO Mike Reed and COO Kirk Davis for comment on the annual results and their 2017 plans, but received no response. As recently, as three weeks ago, New Media bought five daily Dix newspaper properties in northeastern Ohio. Fortress reaped lucrative management fees along the way to the tune of $21.8 million in 2018. Town of Hanover 550 Hanover Street, Hanover, MA 02339 781.826.5000Statement on Community InclusivenessWebsite Disclaimer Hours & Directions SubscribeGovernment Websites by CivicPlus . These amounts were reported to the SBA by the company. 2023 Advance Local Media LLC. 4 likes. In fact, with Softbanks leading edge now becoming its $100 billion tech-future-oriented Vision Fund, this old-world management contract would seem to be something of a (profitable) anomaly. GateHouse Media, Inc. provides publications services. 2.4 Management. New Medias CEO Mike Reed then gobbled up small US newspaper companies. By Dan Kennedy The press, politics, technology, culture and other passions. Its unclear how much stamina NEWMs investors will have for the strategy, though. If you have competences and qualifications that could match GateHouse please send your application. Is there a future for video games journalism? Subscribers should send payments to Gannett Holdings LLC SE, PO Box 660238, Dallas, TX 75266-0238. . Try searching for similar jobs, similar companies, or nearby cities. Softbank CEO Masayoshi Son had been one of the first chief executives to make the trek to Trump Tower in December, to pay fealty to the incoming president. Their customer service department is deplorable. Gatehouse Media e-Billing Terms and Conditions 12. Kings estate will get $7,500 to compensate him for being the lead plaintiff. If you visit many GateHouse papers online right now,* youll see a Legal Notice linking to the settlement documents, which include instructions on how to file a claim. After eight years of litigation, GateHouse Media will pay up to $425,000 to settle a lawsuit with its newspaper carriers, who said they were misclassified as independent contractors. (CET during winter and CEST during summer). Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. v. GateHouse Media, LLC, et al. Our tracking data currently support major global logistic operators creating transparency. View customer complaints of GateHouse Media, Inc, BBB helps resolve disputes with the services or products a business provides. If antitrust regulators approve the merger, GateHouse . Thats a lot of new potential profit and another potential reason for news industry leaders to keep their mouths shut. Cookie Settings/Do Not Sell My Personal Information. Lets analyze. *Update:I have learned that the proposed settlement pertains to most but not all GateHouse Media papers in Eastern Massachusetts. Denmark View and pay your monthly statements online for FREE when you pay by e-check (ACH), from your checking or savings account. The settlement does not require GateHouse to change its practices regarding how it pays, classifies or treats the drivers. One takeaway: The greatest likelihood coming out of the Fortress sale, at least in the short term, is steady as she goes. | ref = {{harvid|Doctor|2017}} They were approved on 05-05-2021 by the SBA for an amount of 535000 USD. Nieman Journalism Lab. Based on her account, delivery was started on 6/26/22 and . And, like other buyers, it recognized that so much of newspapers remaining trade value is in their tangible real estate. GateHouse Group It does, however, manage and control New Media, an investment vehicle it created out of GateHouse Medias 2013 $1.2 billion bankruptcy.