“The Register was Exhibit A for hedge funds who were hollowing out newspapers,” Bass said of past ownership.Īccording to Bass, HCMG has acted differently, making efforts to invest in the publication. Among the previous owners is the Journal Register Company, which filed for bankruptcy alongside 26 of its affiliates, including the New Haven Register, in 2009.Īccording to Paul Bass ’82, editor of the New Haven Independent, the Register has a “bloody” history of layoffs. “It’s been very difficult with COVID-19 and then they offered us this buyout, and I’m almost 65, so I thought maybe it’s time to get out,” Amarante told the News.īuyouts are not new at the Register, whose previous owners have included junk bonds and hedge funds. It is meant for employees seeking a career change or retirement. HCMG, as the owner is known, offered the voluntary buyout program at a number of its newsrooms. The three took buyouts from the paper’s current owner, Hearst Connecticut Media Group, citing age and the new reporting conditions brought upon by the pandemic. Most recently, O’Leary has covered city issues, Beach has reported on local courts and Amarante has served as the publication’s Arts and Entertainment editor. The trio all began working at the Register in the 1970s, accumulating more than a century of experience. Mary O’Leary, Randall Beach and Joe Amarante plan to leave the publication by the end of the year. check/money order.Three veteran reporters at the New Haven Register took buyouts last week, ending their decades-long presence at the paper.
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