as nyse newm industry news media predecessor liberty group publishing founded 1997 1997 founder kenneth l. serota headquarters perinton new york a area served united states key people michael e. reed ceo wesley edens board chairman 2 products 87 daily newspapers 271 weekly newspapers 111 shoppers over 260 locally focused websites seven yellow page directories revenue us 559 million 2010 3 operating income us 43 million 2010 3 net income us 26 million 2010 3 total assets us 546 million 2010 3 total equity us 792 million 2010 3 owner fortress investment group llc 39.6 % equity 2010 3 number of employees 5 239 2010 3 website gatehousemedia.com gatehouse media inc. formerly liberty group publishing former symbol on otc markets group s otcqb tier ghse is a u.s. newspaper publisher headquartered in the town of perinton new york a that publishes 97 dailies in 20 states and 198 paid weeklies in addition to free papers shoppers and specialty and niche publications . the company filed for chapter 11 bankruptcy on september 27 2013 . 4 it reemerged from the preplanned bankruptcy in november 2013 . in the restructured plan gatehouse stock was cancelled and a new holding company for the parent new media investment group inc. was formed nyse newm . 5 contents 1 history 1.1 liberty group publishing 1.2 gatehouse media 1.3 ipo 1.4 bankruptcy 2 holdings 3 notes 4 references 5 further reading 6 external links history edit liberty group publishing edit owned by liberty group publishing was formed in 1998 when kenneth l. serota a former hollinger international attorney with backing from leonard green & partners bought 160 community newspapers from hollinger . 6 headquartered in downers grove illinois liberty then expanded the network increasing the total newspapers to 330 by 2000 . faced with problems it would downsize to 270 by june 2005 . gatehouse media edit in june 2005 fortress investment group bought liberty for 527 million . fortress expanded it to 75 dailies 231 weeklies 117 shoppers and 230 web sites . 7 it was renamed gatehouse and its headquarters moved to suburban rochester new york in april 2006 . headquarters in perinton new york in may 2006 it acquired community newspaper company of massachusetts the publisher of four daily and almost 100 weekly newspapers in the boston area . at the same time liberty bought community newspaper competitor enterprise news media . 8 by the end of the year the company had also announced it would acquire journal register company s properties in southeastern massachusetts . 9 company executives said gatehouse s focus on hyper local journalism small newspapers covering small cities and towns with a depth that big newspapers and television can not offer would enable it to buck downward trends in the newspaper industry . 10 ipo edit in october 2006 gatehouse had its ipo with fortress maintaining 60 percent ownership . 11 its stock dropped from 20 on initial trading in 2006 to 16 cents when it was delisted in october 2008 . on october 23 2007 gatehouse announced it was purchasing 14 daily newspapers and other publications from morris communications . 12 on august 28 2008 gatehouse sold two of those papers the grand island independent and the york news times both in nebraska to the omaha world herald co. 13 the company received notification from the nyse on august 21 2008 that the company had fallen below the nyse s continued listing standards for average global market capitalization over a consecutive 30 trading day period of not less than 75 million and 1.00 average closing price over a consecutive 30 trading day period and had submitted a business plan to the nyse regulation for coming back into compliance for continued listing . the company has been in communication with the nyse regarding the company s non compliance with continued listing standards but was unsuccessful in its efforts to avoid suspension and delisting . on march 29 2010 gatehouse announced the launch of radarfrog an online portal that features both online and national coupons and deals . shannon k. dunnigan was appointed as the ceo of radarfrog.d 14 bankruptcy edit on september 4 2013 news corp announced that it would sell the dow jones local media group a group of 33 local newspapers to newcastle investment corp. an affiliate of fortress for 87 million . the newspapers will be operated by gatehouse media following the purchase . ceo robert james thomson indicated that the newspapers were not strategically consistent with the emerging portfolio of the company which had been formed as a spin off of news corporation . 15 on september 27 2013 the company filed chapter 11 bankruptcy in u.s. bankruptcy court in wilmington delaware . it listed assets of 433.7 million and debt of 1.3 billion . the preplanned bankruptcy centers on restructuring the fortress news corp deal . fortress owns 52 percent of gatehouse debt . a fortress unit fif iii liberty acquisitions llc merged with gatehouse in 2005 . the case is gatehouse media inc. 13 bk 12503 . 16 17 the company emerged from bankruptcy on november 26 2013 . the terms involved the cancellation of shares of gatehouse but those owners receiving warrants to buy shares in new media investment group inc. a new holding company . 5 holdings edit main article list of newspapers owned by gatehouse media notes edit a b while its mail is delivered from the fairport ny 14450 post office gatehouse s headquarters lie some four miles south of the village of fairport . 1 references edit town of perinton street map pdf . http www.perinton.org . perinton new york town of perinton . 2007 12 17 . grid coordinates 8c . external link in website help wesley r. edens . forbes.com . retrieved 12 april 2012 . a b c d e f g gatehouse media inc. 2011 03 01 form 10 k for the year ended december 31 2010 washington d.c. u.s. securities and exchange commission file 001 33091 film 11652426 retrieved 2011 03 04 pearson sophia ; kary tiffany september 27 2013 . gatehouse files for bankruptcy as part of fortress plan . bloomberg l.p. retrieved 2013 12 01 . a b staff reports 26 november 2013 . gatehouse media officially done with bankruptcy . rochester democrat and chronicle . retrieved 4 march 2015 . culloton dan ; 509 words . red ink pressing publisher ; liberty group grew fast but so did its debt crains august 5 2004 . highbeam.com . retrieved 2012 05 06 . cs1 maint multiple names authors list link u.s. international directory of company histories . copyright 2006 by the gale group inc . answers.com . retrieved 2012 05 06 . the patriot ledger at southofboston.com archived april 5 2015 at the wayback machine . http www.heraldnews.com site news.cfm newsid 17540128 & brd 1710 & pag 461 & dept id 99784 & rfi 6 syre steven october 24 2006 . an unlikely ipo . the boston globe . gatehouse media stock being delisted from nyse october 22 2008 archived october 28 2008 at the wayback machine . https web.archive.org web 20071026002500 http www.editorandpublisher.com eandp news article display.jsp vnu content id 1003662037 . archived from the original on october 26 2007 . retrieved february 19 2016 . missing or empty title help 1 dead link radarfrog.com launch press release . investors.gatehousemedia.com . retrieved 2012 05 06 . news corp. sells 33 papers to new york investors . new york business journal . retrieved 4 september 2013 . gatehouse files for bankruptcy as part of fortress plan . bloomberg . gatehouse media inc. . pacermonitor.com . retrieved 4 march 2015 . further reading edit kennedy dan fall 2008 . local ink . commonwealth . massachusetts institute for a new commonwealth . mcmeekin tara february 28 2012 . pubs prepress operations have urge to merge . newspapers & technology . conley magazines llc . sullivan jack march 16 2012 . gatehouse bonuses give clue they don t have one . commonwealth . walton mary may 1999 . the state of the american newspaper the selling of small town america . american journalism review . college park university of maryland foundation . external links edit official website investor release radarfrog nieman journalism lab . gatehouse media . encyclo an encyclopedia of the future of news . retrieved 4 april 2012 . v t e new media investment group gatehouse media daily newspapers in the central great lakes states the benton evening news the carmi times cheboygan daily tribune the columbus dispatch daily american the daily leader the daily ledger the daily register the daily reporter the daily republican daily review atlas the daily telegram du quoin evening call the eldorado daily journal the evening news hillsdale daily news the holland sentinel the independent ionia sentinel standard the journal standard journal star lincoln courier the mcdonough county voice olney daily mail pekin daily times the register mail the repository rockford register star star courier the state journal register sturgis journal the times reporter daily newspapers in the northeast the bulletin daily messenger the enterprise the evening tribune the herald news the leader the metrowest daily news the milford daily news observer dispatch the patriot ledger the record herald taunton daily gazette the telegram the times the wayne independent wellsville daily reporter daily newspapers in the south alice echo news journal the ardmoreite bastrop daily enterprise beauregard daily news brownwood bulletin the daily siftings herald hope star leesville daily leader miami news record mineral daily news tribune the oak ridger the progress index the shawnee news star stephenville empire tribune stuttgart daily leader waxahachie daily light daily newspapers in the west and western midwest augusta daily gazette boonville daily news the carthage press chillicothe constitution tribune crookston daily times the daily guide the daily independent devils lake journal dodge city daily globe the el dorado times the examiner hannibal courier post kirksville daily express lake sun leader leavenworth times macon chronicle herald maryville daily forum mcpherson sentinel the mexico ledger moberly monitor index the morning sun the neosho daily news the newton kansan the rolla daily news siskiyou daily news the tribune democrat the wellington daily news other holdings community newspaper company eagle publications messenger post newspapers suburban life publications timesnewspapers full list including weekly newspapers list of newspapers owned by gatehouse media local media group ashland daily tidings the barnstable patriot cape cod times daily press desert dispatch foster s daily democrat the inquirer and mirror mail tribune pocono record the portsmouth herald the providence journal the record the standard times times herald record hathaway publishing seacoast media group other newspapers ames tribune bartlesville examiner enterprise boone news republican the columbus dispatch courier tribune the daily herald the herald democrat las vegas review journal pine bluff commercial southwest times record weekly newspapers acquired from stephens media the burlington times news the daytona beach news journal the gadsden times the gainesville sun the gaston gazette hendersonville times news the houma courier jacksonville daily news kinston free press the lakeland ledger leesburg daily commercial the lexington dispatch sun journal new bern north carolina northwest florida daily news ocala star banner the panama city news herald sarasota herald tribune the shelby star spartanburg herald journal the thibodaux daily comet the tuscaloosa news wilmington star news winter haven news chief worcester telegram & gazette retrieved from https en.wikipedia.org w index.php title gatehouse media & oldid 738472793 categories gatehouse medianew media investment groupnewspaper companies of the united statespublishing companies based in new yorkhyperlocal in the united statescompanies based in monroe county new yorkpublishing companies established in 19971997 establishments in new yorkcompanies formerly listed on the new york stock exchangehidden categories cs1 errors external linkscs1 maint multiple names authors listarticles with wayback machine linkspages with citations lacking titlespages with citations having bare urlsall articles with dead external linksarticles with dead external links from june 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit