GateHouse Corporation



  • Formerly known as
    GateHouse, L.L.C. until 12-Jan-2015
    GateHouse Media L.L.C. until 15-Aug-1990
    GateHouse Publications, LLC until 05-Aug-1982
    Review Publishing, LLC until 28-May-1978

    General information
    Founded: 09-Oct-1975 as Review Publishing Company, LLC
    Headquarters: Towson, Cornwall, Llanowar
    Managing Director: Walery Trzcinski
    Employees: 107,350
    Revenue: NS$2.76 bln (FY ?14)
    Profit (loss): NS$1.36 bln or NS$32.38 per share (FY ?14)
    Sector: Financial
    Industry: Diversified investments
    Website: gatehousecorp.ln

    Capital structure
    Subsidiary debt: NS$214 mln (NS$60 mln GateHouse National, Inc., NS$54 mln Graceland Financial, Inc., NS$50 mln GateHouse National Energy, Inc., and NS$50 mln Reebok Limited)

    Share capital: Unlimited number of Series A Ordinary shares (5,880,173 issued) and an unlimited number of Stapled units consisting of a Series B share of GateHouse Corporation and a Common unit of GateHouse, L.L.C. (36,121,062 issued)

    Ownership structure
    86% owned by Walery Trzcinski through Stapled units
    10% owned by other officers and directors through Series A Ordinary shares
    4% owned by members of Milestone Media, L.L.C. through Series A Ordinary shares

    Holdings
    Wholly-owned subsidiaries
    100% of GateHouse, L.L.C. through Stapled units
    -100% of Airbus Holdco Limited
    --60% of Airbus Group Limited

    -100% of Graceland Financial, Inc.
    --GateHouse Energy Finance, LLC
    ---Five year 5.15% debenture for Falcon Energy Co./HB with yearly payments and first-bidder's right.
    --100% of Graceland Retail Trust/CW
    --100% of International Diamond Co./CT
    --100% of Utica Surety Company
    --10% of Royal Bank of Llanowar plc?s Ordinary shares (5% of both Series A and Series B Ordinary shares)

    -100% of GateHouse Retail Group, LLC
    --100% of Reebok Limited
    Brands owned: Copper Fit, K-Swiss, Reebok, Starter, and Vans
    ---100% of Speedo Corporation
    --20% of Feta Greek Kuzina, LLC
    --Series A Convertible Preferred stock of Lebenthal Furniture Co. that converts into a 25% of the company
    --Series C Convertible Preference shares in Gateway Auctions GmbH that convert into an 11.5% of the company

    100% of GateHouse Energy, Inc.
    -100% of Greyling Energy, Inc.
    -8.5% of PetroLlan AG?s Ordinary shares

    100% of GateHouse National, Inc. (publishes 11 daily newspapers, 10 monthly magazines, and 5 quarterly magazines)
    -100% of G Media Holdco, Inc.
    -100% of Local News Group, LLC (publishes 11 weekly newspapers)
    -100% of Milestone Media, L.L.C. (publishes creator-owned comics)
    --100% of Milestone Films, LLC
    -100% of Towson National Communications, Inc. (owns 7 cable networks)

    Majority-owned subsidiaries
    81.5% of Hinterschied Communities, Inc.
    75% of Home Quarters Corp. with an option to purchase the remaining 25% over time

    Other
    -12.5% of Southern Railways LLC
    -5% of Nakron, Incorporated?s Common stock
    -3.5% of Hasbro, Inc.?s Common shares



  • GateHouse National publications

    Daily newspapers
    (Paper (Distribution))Ayr Dispatch (Ayr, AY; from 25-May-1980 purchase of MediaStar, Inc.)
    Capital Star-Tribune (National; from 25-May-1980 merger of Avalon Star-Ledger and Utica Tribune)
    Evening Standard (National; from 28-May-1978 purchase of Dow Jones, Incorporated)
    Falmouth Times (Falmouth, HB; from 25-May-1980 purchase of MediaStar, Inc.)
    Llanowar Today (National; from 28-May-1978 purchase of Dow Jones, Incorporated)
    Luton Post-Register (Luton, BV; from 28-May-1978 purchase of Dow Jones, Incorporated)
    Sunday Times (National; from 25-May-1980 purchase of MediaStar, Inc.)
    Swansea Sun-Sentinel (Swansea, CW; from 2011 purchase of Sun-Sentinel Group, LLC)
    Wall Street Observer (National; from 28-May-1978 purchase of Dow Jones, Incorporated)
    Yorkshire Sun-Sentinel (Yorkshire; from 2011 purchase of Sun-Sentinel Group, LLC)

    Monthly magazines (all from 25-May-1980 purchase of MediaStar, Inc.)Car and Driver
    Country Living
    Golf Digest
    Good Housekeeping
    InStyle
    Playboy
    Playgirl
    Reader?s Digest
    Sh?rn!
    Sports Illustrated

    Quarterly magazines (all from 25-May-1980 purchase of MediaStar, Inc.)Archery
    The Cauldron
    Otaku Digest
    Pagan Dawn
    The Skeptic

    Local News Group publications
    (Paper (Distribution))Broadmoor Times-Union (Chalton, BV; from 28-May-1978 purchase of Dow Jones, Incorporated)
    Cheshire Democrat (Cheshire, GW; from 25-May-1980 purchase of and MediaStar, Inc.)
    Daytona Gazette (Daytona, HB; from 25-May-1980 purchase of MediaStar, Inc.)
    Henderson Royalist (Henderson, GW; from 25-May-1980 purchase of MediaStar, Inc.)
    Ipswich Sun-Sentinel (Ipswich, BN; from 2011 purchase of Sun-Sentinel Group, LLC)
    London Sun-Sentinel (London, YS; from 2011 purchase of Sun-Sentinel Group, LLC)
    Manchester Post (Manchester, GW; from 25-May-1980 purchase of MediaStar, Inc.)
    Newcastle Gazette (Newcastle, CW; from 28-May-1978 purchase of Dow Jones, Incorporated)
    Pickering Telegram (Pickering, YS; 28-May-1978 purchase of Dow Jones, Incorporated)
    Plains Dealer (Nevada, BV; from 28-May-1978 purchase of Dow Jones, Incorporated)
    Towson Review (Towson, BV)
    Vancouver Telegraph (Vancouver, AY; from 25-May-1980 purchase of and MediaStar, Inc.)
    York Sun-Sentinel (York, AN; from 2011 purchase of Sun-Sentinel Group, LLC)

    Milestone Media member companies
    (Company (Owner; genre))Bletchley Park Media (A. J. Sorkin; Western horror)
    Central Park Entertainment (Tyler Washington; Western superhero)
    Shaolin Media (Chun-mei Shao; sports manhua)
    Wasabi Comics (Naomi Tajiri; erotic manga)

    T.V. stations owned by Gannet CommunicationsA&E
    EuroSport
    fyi
    G4
    History
    Lifetime
    Military



  • Investor Proposes Completing Airbus Acquisition
    (London, GW and Towson; 24-Dec-2014 13:47) Today, Walery Trzcinski, Managing Director of GateHouse, L.L.C.. ("GateHouse"), approached Michel Trezeguet, Managing Director of Airbus Group Limited ("Airbus"), with a proposal for GateHouse to purchase the 40% of Airbus it doesn't already own for an amount of money to be determined as a 10% premium to the amount of revenue Airbus management is due for the first half of fiscal 2015 as well as the assumption of the remaining NS$38 million of Airbus' debt. In a unique move for GateHouse, the offer included an option for GateHouse to separate Airbus' civil aviation subsidiary from its military contracting subsidiary by selling the former to its management team within five years of closing. GateHouse has set up a new subsidiary, Airbus Holdco Limited ("Holdco"), to hold its 60% stake in Airbus in order to help facilitate the transaction. If the purchase closes, Airbus will be the surviving entity of a merger between itself and Holdco.



  • Publisher Chooses Stalking Horse
    (Towson and Utica, BN) In the small hours of the morning, Utica-based Guardian Media, L.L.C. ("Guardian"), publisher of two daily newspapers and four weekly newspapers, filed for bankruptcy in Grand Royals' Court - Balinor in a filing delayed by Christmas and Boxing Day. In the filing, Guardian listed NS$40 million in assets and NS$200 million in debts. The bidding documents attached to the main filing indicated that Guardian had selected G Media Holdco, LLC, a newly-formed subsidiary of Towson-based GateHouse, L.L.C., as the preferred, or stalking horse, bidder with a bid valuing Guardian's assets at NS$40 million and assuming NS$10 million of debt. While there's a higher-valued bid in the documents, Guardian thought it grossly undervalued their assets.



  • Shareholder Becomes Bondholder
    (Towson, BV and Vancouver, HB) Vancouver-based Falcon Energy Co./HB ("Falcon") has reached a loan agreement with GH Energy Finance, LLC ("GHEF"), a new subsidiary of Towson-based GateHouse, L.L.C.'s ("GateHouse") Graceland Financial, Inc. subsidiary, on a five-year debenture. According to the agreement, Falcon owes GHEF NS$25.75 million of interest on the NS$515 million loan every year on the anniversary of the agreement, which gives GHEF's ultimate parent -GateHouse- first bidders right in the event of Falcon's bankruptcy.


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