Chat with us,powered by LiveChat

It has been just under three weeks since the $1.4 billion cash-and-stock acquisition of Gannett Co. by New Media Investment Group Inc. was completed. Journalists around the country are now finding out, en masse, if they will still be employed before the holidays.

Maya Kosoff, who recently concluded a reader engagement stint at The New York Times (after working at Gawker), picked quite a week to start tallying the losses of 2019.

Then there’s Andrew Pantazi, enterprise reporter for The Florida Times-Union, who is tracking today’s fallout and notes a trending hashtag on Twitter happens to be #LoveMyNewspaper. Pantazi created a public document for transparency but reports that some journalists are being asked to sign NDA’s before getting severance – hence the deleted quoted tweet here.

At the time of the deal announcement, Gannett said it “anticipated run-rate cost synergies across the combined company of $275 million to $300 million annually, unlocking meaningful shareholder value.”

Baz Hiralal

Baz Hiralal

Managing Editor, Thought Leadership