New Media Investment Group Inc. Announces Executive Changes
May 08, 2019 at 04:33 pm
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On May 3, 2019, the Board of Directors of New Media Investment Group Inc. received and accepted the resignation of Wesley R. Edens from his positions as a director and the Chairman of the Board, effective as of such date. Mr. Edens’s resignation was not due to any disagreement with New Media, the Board or the management of New Media on any matter relating to New Media’s operations, policies, practices or otherwise. The Board has appointed Michael E. Reed, Chief Executive Officer and a director, as the new Chairman of the Board. In addition, New Media’s independent directors have appointed Kevin Sheehan as the Board’s first Lead Independent Director. The Board intends to appoint a new director to the Board to fill the vacant seat created by Mr. Edens’s resignation. The Board believes that diversity can strengthen board performance and is actively searching for women and other candidates with diverse backgrounds and experiences.
Gannett Co., Inc. is a diversified media company. The Company operates through three segments: Domestic Gannett Media, Newsquest and Digital Marketing Solutions (DMS). Its Domestic Gannett Media segment comprises USA TODAY, daily and weekly content brands in approximately 220 local United States markets across 43 states and its community events business, USA TODAY NETWORK Ventures. Its core print offerings include home delivery offered on a subscription basis, single copy, and non-daily publications. Its Newsquest segment in the United Kingdom consists of over 220 digital news and media brands across its portfolio, including over 150 daily and weekly newspapers and over 70 magazines. Its DMS segment is dedicated to helping local businesses succeed through digital advertising and marketing solutions. The DMS segment, under the brand LocaliQ, is a cloud-based platform of fully-digital products that delivers customers and drives leads through technology and insights.
GANNETT CO., INC. 
