The financially troubled credit union had been operating under a conservatorship since January. As part of the liquidation, about 500 members and most of their deposits have been transferred to Indianapolis-based Elements Financial Credit Union.
Six veteran journalists at Indianapolis Star taking buyouts
Among those leaving is the investigations editor who oversaw the newspaper’s expose of USA Gymnastics that led the arrest of the team doctor who molested more than 100 girls.Read More
Indianapolis Star parent Gannett offering another round of buyouts
Unlike previous Gannett buyouts, which required workers to meet certain criteria for age and years of service, the latest buyout is available to nearly all full-time Gannett workers.Read More
Gannett names USA Today regional editor to lead Indianapolis Star newsroom
Katrice Hardy will become the first African-American and first woman to hold the title of executive editor at The Indianapolis Star.Read More
Bleak newspaper-industry outlook spurs buyout of Star parent
On Aug. 5, GateHouse—a New York-based chain backed by an investment firm—announced a deal to buy Gannett for $1.4 billion.Read More
Greg Weaver’s responsibilities in the IBJ newsroom’s No. 2 leadership position will include coordinating its daily news coverage and e-newsletters, handling social media accounts and editing stories for the weekly print edition.
The National Credit Union Administration says it took control of operations at Indianapolis’ Newspaper Federal Credit Union because of “unsafe and unsound practices.”
In a column, Biro said her final day at the Star was Friday, and she left her job so she could move “back closer” to “her East Coast family.”
Ronnie Ramos, executive editor of The Indianapolis Star since March 2018, plans to resign Dec. 20 “to pursue other opportunities,” the newspaper reported Monday morning.
Executives of the combined company, which will keep the Gannett name, acknowledged there will be layoffs—the company has committed to cutting $300 million in annual costs.
The country’s leading newspaper union issued a scathing analysis of the proposed Gannett-GateHouse merger Friday, saying the deal would drive down wages and employment for journalists at hundreds of newspapers. The merger will affect a dozen newspapers in Indiana.
Efficiencies wrought by the merger might result in publications that rely less on local reporters and more on USA Today-type stories produced or edited remotely and published in dozens of the company’s publications.
The Wall Street Journal reports that a deal could be announced in the coming weeks. Gannett owns The Indianapolis Star and a number of smaller Indiana newspapers.
The vote, completed at Gannett’s annual meeting, amounted to a rejection—possibly the final one—of Alden’s attempt to acquire Gannett through a hostile takeover launched in January by its Media News Group unit.
Varvel will contribute a cartoon twice a month to IBJ’s op-ed pages. He joins Shane Johnson, who has been an IBJ editorial cartoonist for seven years and will continue as a regular cartoonist for the publication.
Marisa Kwiatkowski was one of three Star journalists whose series on the sexual abuse of gymnasts led to a national outcry on the topic and a guilty verdict against Dr. Larry Nassar.
Gannett Co. said Monday that its board determined the unsolicited offer from a hedge-fund backed media group undervalued the company and wasn’t in the best interests of shareholders.
The Indianapolis Star eliminated at least three newsroom employees Wednesday and dropped at least two business columnists.
Alden Global, which is taking aim at the Gannett newspaper chain, is run by a hedge fund exec known in some circles as “the Gordon Gekko of newspapers.”
Gannett's board said it will "carefully review the proposal," which values the company at $12 a share, a 23 percent premium to Gannett’s closing price on Friday.
Among the longtime newsroom employees who accepted buyout packages were well-known names in the local newspaper field, including editorial cartoonist Gary Varvel and writer Will Higgins.
Matthew Tully, 49, had worked for the Indianapolis Star since 2002, writing nearly 2,000 columns over that time. The Gary native died Monday night.
An editorial cartoon published Sunday by The Indianapolis Star that mocks Christine Blasey Ford drew a flood of complaints on social media Monday, prompting an explanation from the newspaper.
A source told IBJ on Tuesday that Kravitz had been laid off with several others at the top-rated local TV station.