GateHouse Media offering buyouts in New England
GateHouse Media is o ering buyouts to sta at papers in New England, masslive.com reports.
“Strategic expense reduction, along with revenue growth, is our path to sustaining quality, local journalism. While revenue trends are improving, our company is not yet in revenue growth mode and we must continue to manage expense,” GateHouse Media Regional Vice President Peter Meyer wrote in an email to GateHouse employees, according to masslive.com.
Cost cutting is called for to “properly align costs with revenues,” the memo said, according to MassLive.
As of April 2018, GateHouse publishes 144 daily newspapers, 341 community publications and more than 569 local market websites.
GateHouse owns 126 papers in Massachusetts, including the Worcester Telegram & Gazette. Properties in New England listed on GateHouse’s website include e Providence Journal, the Newport Daily News, two Maine papers, four New Hampshire papers and one paper in Connecticut.