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Hedge fund Alden to buy Tribune Publishing in deal valued at $630 million
mcall.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mcall.com Daily Mail and Mail on Sunday newspapers.
Providence Journal newspaper in Providence Rhode Island
mondotimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondotimes.com Daily Mail and Mail on Sunday newspapers.
Waynesboro Record Herald
In the coming weeks, a For Sale sign will go up on The Record Herald office at 30 Walnut St. in Waynesboro.
However, we re not going anywhere.
The Record Herald will continue to report on this community and serve the Waynesboro area with great advertising services in print and online.
The space we are in simply does not fit who we are now. In fact, because of COVID-19, we have not used that space much at all since March, with most staff working from home.
Many perhaps most newspapers in America have sold their real estate over the past 20 years. Once we needed sprawling facilities with room for a printing press, advertising, finance and other departments, as well as the newsroom. Today, most newspapers have consolidated everything from printing (The Record Herald is now printed in Harrisburg) to payroll and the need for local office space just isn t as great as it once was.
Gannett refinances $1B in debt from merger in cost-saving move
USA TODAY
Gannett, owner of USA TODAY and more than 260 other publications, said Monday that it has refinanced about $1 billion in debt in a move that will lower the company’s interest payments and save tens of millions of dollars a year.
The deal will lower the interest rate on the $1.045 billion in debt to 7.75% from 11.5%, saving the company $90 million in interest this year.
The move refinances the remainder of the loan that bankrolled the merger of GateHouse Media parent New Media Investment Group and the company previously known as Gannett in November 2019. The combined company took the name Gannett.
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