GateHouse investors languish while GateHouse boss rolls in cash
Two interesting bits of GateHouse Media economic news from the Turner Report.
First, the bad news:
The quarterly report filed today with the Securities and Exchange Commission, showed a sizable decrease in revenue from the same quarter the previous year, with losses in advertising, circulation, and printing, and a $526.1 million loss for the first six months of the year.
And the good news:
Buried close to the end of the report is the news that [regional manager and former GateHouse Media executive Scott] Champion was awarded a $135,000 bonus today.
And I’ve received more than one private email from former Journal Star editorial staffers who say they’re hearing that inadequate staffing due to unfilled vacancies has reporters doubling and tripling up on beats. That’s to blame for the recent spate of missed stories.
Original post by Billy Dennis
