The link to wpweek for 11-15 ON YOUTUBE… https://youtu.be/b44s4hhYEqo
AMY PAULIN ENDORSES DAVID BUCHWALD FOR CONGRESS
THE SINKING OF VENICE
LATEST ON FASNY–WILL WHITE PLAINS BUY BACK THE PROPERTY?
SEIU 32BJ PROTESTS REAL ESTATE OWNERS DISRESPECT
SUMMER SAYS FAIRWELL
BRINGING NATIVE PLANTS TO WHITE PLAINS
THE WINBROOK REBUILD STARTED IN 2007 CONTINUES
WPCNR MEDIA GO-ROUND. From New Media AND GANNETT NEWS RELEASES. November 15, 2019:
Shareholders on Thursday approved the merger of USA Today owner Gannett and GateHouse Media parent New Media Investment Group, creating the largest U.S. newspaper publisher by print circulation, the companies announced Thursday according to a press relation from both companies.
GateHouse Media’s $1.13 billion acquisition, first announced in August, will pave the way for massive cuts across the 260 daily papers now controlled by the new conglomerate. “The new Gannett aims to cut $275 million to $300 million in costs per year within 18 to 24 months in a variety of areas, including facilities, corporate functions and news operations,” according to USA Today
The deal is expected to close Nov. 19, “subject to the satisfaction of customary closing conditions,” New Media said in a statement. The new combined company will be called Gannett. It will own more than 260 dailies — including Gannett flagship USA Today, the Milwaukee Journal Sentinel and the Indianapolis Star — as well as hundreds of weeklies.
Also Read:GateHouse Media Acquires USA Today Owner Gannett for $1.4 Billion
Under the terms of the merger agreement announced in August, shareholders of Gannett will receive $6.25 in cash and 0.5427 of a New Media share for each Gannett share they hold, representing total consideration of $12.06 per Gannett common share based on New Media’s closing stock price as of August 2, 2019, and a premium of approximately 18% to the five-day volume-weighted average price of Gannett shares as of that date.
After the close of the transaction, Gannett shareholders will hold approximately 49.5% of the combined company and New Media shareholders will hold approximately 50.5%.
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WPCNR CAMPAIGN 2020. November 13, 2019:
Democratic Assemblywoman Amy Paulin endorsed her NY Assembly colleague, David Buchwald as her choice for candidate to run for retiring Representative Nita Lowey’s seat yesterday. Ms. Lowey is retiring at the end of her term in December, 2020/
Paulin said in a news release from the Buchwald campaign:
“The next member of Congress for Westchester and Rockland Counties needs to be someone who is hard-working and focused on delivering for his constituents, deeply intelligent to get to the root of the serious challenges our nation faces, brave to take on the hard fights, and has deep integrity….Having worked on issue after issue with him in the New York State Assembly, I am fully confident that David Buchwald will bring his talents and tenacity to bear on the issues we care passionately about as Democrats—from protecting women’s rights to preserving our environment, from defending Israel, to repealing the attack on New York represented by the limits on the SALT deduction. I am proud to endorse my friend and colleague, David Buchwald for Congress.”
Buchwald, was enthusiastic: “It means so much to have Assemblymember Paulin’s support as I run for congress. Together we have fought for transparency, women’s rights, improving Metro North and taking on the harmful Trump/Republican ‘tax reform’ bill—issues that continue to be at stake on the national level. I am committed to fighting for our Democratic values.”
If Buchwald is challenged for the nomination, the primary for rivals is scheduled for June 23, 2020.