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Gatehouse Media has kicked off the up to $300 million in “synergies” it expects to reap from its merger with Gannett by letting go of more than two dozen newsroom staffers, according to a report from Associated Press. Papers hit by the layoffs include the Providence Journal and the Oklahoman, the report says. GateHouse borrowed $1.8 billion from private equity firm Apollo at a high-interest rate to close the Gannett deal, and it also expects the dividend it pays shareholders to rise, so it is looking to cut costs. Michael Reed, the CEO of Gatehouse owner New Media Investment Group, said that the savings would mostly come from consolidating such functions as finance, sales, digital services and tech, but did not mention editorial staffers.
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Overall salaries for magazine editors are holding steady, but the gender gap in the field still stubbornly persists, according to Folio’s annual salary survey, which was released Aug. 27. The study found that female editors-in-chief received an average base salary of $82,500 annually, while their male counterparts were paid an average of $100,000. At the associate editor level, the disparity is even more pronounced, with women being paid about 76 percent as much ($54,000 per year) as men ($70,500). Another gap exists between print and digital publishing, with editors-in-chief at print-only publications receiving an average annual base salary of $80,000, while those at publications that operate across both print and digital platforms averaged $92,000 and those at digital-only publications averaged $120,000. Folio based its results on a survey of 255 editors (half EICs, half associate and managing editors) from across the U.S. in May.
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The paywall that came down at The Atlantic 10 years ago appears to be going back up. Atlantic president Bob Cohn told the Wall Street Journal that the publication will launch a metered paywall in January. Readers will be able to access 10 articles per month for free, after which they will need to pay for access. “We’re looking around and seeing peers who we respect getting people to pay for their digital content,” Cohn said. Laurene Powell Jobs, who acquired a majority stake in the publication in 2017, postponed the previously announced paywall, focusing on beefing up the headcount and content before asking readers to pay up. While The Atlantic website currently offers a digital subscription at $29.50 per year, the final price, once the paywall has been erected, is yet to be determined.




McClatchy, which owns 29 daily papers across 14 states (including The Miami Herald, Sacramento Bee and Kansas City Star), launches a wave of layoffs that extends to at least 13 of those papers... The Toledo Blade, which was founded in 1835, is set to shut down on Dec. 31, unless owner Block Communications manages to find a buyer for it... A bill awaiting approval by California governor Gavin Newsom would give local newsrooms a boost.
Fox News Media issued a pretty sparse release to announce the departure of one of its stars. “Effective today, Maria Bartiromo is no longer with FOX News Media,” it reads.
Brunswick Group partner John Simons has joined CNN as senior director of business & media. He held top jobs at Time and the Wall Street Journal.
WNET, the nation’s largest public media company, names Edward O’Keefe its next president and CEO, effective September 21. O’Keefe succeeds Neal Shapiro, who becomes president emeritus and will retire at the end of the year... The Stealth Bot Prohibition Act, which would empower news publishers and other content providers to defend themselves by mandating transparency for all bots crawling their sites, in introduced in the House by Rep. Laurel Lee (R-FL) and Rep. Valerie Foushee (D-NC)... Google gets socked by European Union regulators with a $1 billion fine for using the platform’s dominance as a search engine to illegally undercut competition.
Boston Globe Media acquires InstaTrac, a company that provides subscription-based services aimed at making government information easier to find, track, and understand... AARP names former New Republic CEO and publisher Michael Caruso as its SVP and chief content officer, unifying the organization's portfolio of media, live events and digital platforms... The Fund for American Studies, an educational nonprofit, awards its inaugural Journalism Excellence Fellowships.



