FeedMedia: GateHouse continues to lose money
November 14, 2007 in Watchdog Tags: GateHouse, Journal Star
From Forbes:
GateHouse Media Inc. late Tuesday reported a third-quarter net loss of $8.75 million, or 17 cents a share, compared with a net loss of $10.8 million, or 49 cents a share, during the year earlier.
There were 52.3 million shares outstanding in the latest quarter versus 22.2 million last year.
The Fairport, N.Y.-based publisher posted revenue of $163.4 million for the quarter, up from $97.6 million a year ago.
GateHouse owns the Peoria Journal Star, TimesNewspapers, the Pekin Daily Times and most daily newspapers in this part of the state.
Meanwhile, Goldman has downgraded GateHouse from a “buy” recomendation to “neutral.”
November 14th, 2007 at 12:17 pm
Was that a Freudian slip perhaps… Gatahouse continues to “lose” money but also be “loose” with its money by continuing to try to buy other papers (which they can then run into the ground)?
November 14th, 2007 at 5:45 pm
One sign of the times: radio reports Jack Brimeyer is retiring as Journal Star managing editor.
November 14th, 2007 at 6:15 pm
Mr. Francis (may I call you “Al?”): Which radio station was this, BTW. I had heard and reported rumors of changes a week or so ago.
November 14th, 2007 at 10:33 pm
It was on WCBU at 5 p.m. tonight.
As your long-lost pal, sure, you can call me Al.
November 15th, 2007 at 10:22 am
Al — Does that mean you can call Mr. Dennis “Betty”?
November 15th, 2007 at 10:26 am
Does that make you Wilma, C.J.?
November 21st, 2007 at 12:20 pm
Did you guys loose your jobs in circulation for tippling during the holidays, is that why you’re so bitter? Woe to world if it must rely on blogs for news. It’s hard not to see newsblogs as anything more than self aggrandizing nonsense. Why not spend time investigating how bloggers are under no legal requirement to report FACTS. I fear the media’s demise will come not from the Gatehouses of the world but the demagogues who package their opinions as fact and who will say anything for attention(advertising dollars). BTW note in a SEC 13sd filing 11/19 East Peak partners increased their ownership of GHS from 7 to 10 percent as the stock was dropping. Wonder why?
which try to represent truth with no legal requirement to print facts.