Fortress is owned by SoftBank, a Japanese conglomerate. Fortress expanded it to 75 dailies, 231 weeklies, 117 shoppers, and 230 websites. Ut a nunc porta, congue dui sed, eleifend nunc. Gatehouse Media Partners digital department has given our clients a competitive advantage in this now tradigital landscape. The News Guild, which represents journalists at many of the companys newspapers, has been critical of the merger. Extensive experience in broadcast television and out-of-home. Mr. Reed said. "Those of us that see the immense significance of local news certainly hope it works.". Fortress was the entity that controlled New Media Investment Group, the parent of GateHouse Media. [10] The company filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court in Wilmington, Delaware on September 27, 2013. [15] They also acquired Dolan Media Group[16] and Journal Multimedia,[17] adding business publications to their portfolio. I mean, just for context, theres 24,000 employees in the two companies, and a significant portion of the cost reductions are going to come from things other than people. I agree to receive promotional communication from GateHouse Media and its affiliates. Net income of $26.7 million rose 64% from$16.3 million a year ago, surpassing analysts' expectations of $14.1 million. months with the intention of creating a sustainable digital subscriptions business model. He seemed aware that his stats-based approach to newsroom management was not likely to sit well with the union. Pittsford, New York, United States 1001-5000 Debt Financing Delisted www.gatehousemedia.com 79,119 Highlights Acquisitions 11 Investments 1 Exits 1 Total Funding Amount $8M Contacts 274 Employee Profiles 6 GateHouse's digital-only subscriptions rose 44% year-over-year to 174,000 in the first quarter. In August 2019, Gatehouse Media purchased and merged with Gannett becoming the largest newspaper chain in the USA. As a subscriber, you have 10 gift articles to give each month. The strategies and lessons learned during development GateHouse Media's parent company is publicly traded New Media Investment Group (NEWM) of New York. It's the Little Things that Make the Difference! Gannett, which has been in the news business for nearly a century, laid off journalists all across the country earlier this year. At the end of the day it's the relationships that make it work. Gannett resisted MediaNews Groups bid to buy it earlier this year. Claim your Free Employer Profile Website: www.mortontimesnews.com Headquarters: Morton, IL Size: 1 to 50 Employees Type: Company - Private Revenue: Unknown / Non-Applicable Competitors: Unknown Gatehouse Media Reviews 2.3 4 % Recommend to a Friend 5.0 Former Employee "Pagination Specialist" As a subscriber, you have 10 gift articles to give each month. Although GateHouse Media is the buyer, Gannett will keep its name in a $1.4 billion merger between the nation's two largest newspaper chains. The sale closed on Oct. 1, 2018, for $12.5 million. It operates in more than 570 markets across 37 states, reaching more than 23 million people on a weekly basis and serving more than 220,000 business customers. However, the merged newspaper chain would take the better-known Gannett name and be based at Gannett's headquarters in McLean, Virginia. Total Settlement Amount: Class Representative Proposed Incentive Fee: $2,000 The Effects of HR on GateHouse Media. [26], In October 2017, GateHouse acquired Edward A. Sherman Publishing Company, parent of The Newport Daily News. I am a subscriber to the print edition of the SUN. Serial Number: 88350534. User experience and cybersecurity . In August 2019, Gatehouse Media purchased and merged with Gannett becoming the largest newspaper chain in the USA. billing (and, if applicable, discontinue receiving a paper bill) for this GateHouse Media subscription or account, including the authority to agree to the Electronic Billing Terms and conditions . Gatehouse Media sold the chain to Dixon, Illinois-based Shaw Media Group on 1 October 2012[50]. By adamg - 8/5/19 - 4:39 pm. The acquisition is expected to closearound the end of the year. We believe this transaction will create value for our shareholders, greater opportunities for our employees, and a stronger future for journalism," Reed said in a statement. Gannett Co., Inc. (NYSE: GCI) is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. According to the lawsuit, certain subscribers of GateHouse Media have were billed surcharges to a premium magazine subscription, "Lens", which were inadequately disclosed. Gatehouse Media LLC. Their mission is to make learning to read accessible, enjoyable and, above all, age-appropriate. Subscriptions to newspapers, including computerized on-line ordering services in the field of newspaper subscriptions and Owned by: GATEHOUSE MEDIA MASSACHUSETTS I, INC. For more information, see the developers privacy policy. Morale was typically high, work is appreciated and bosses encourage suggestions for improvement. Serial Number: 78662412. . Subscribe today to gain access to every Research Intelligencer article we publish as well as the exclusive daily newsletter, full access to The MediaPost Cases, first-look research and daily insights from Joe Mandese, Editor in Chief. Subscription extension or refund. [24] In June 2017, GateHouse announced it was purchasing Calkins Media Group's four six-day-a-week newspapers and Calkins Digital Group, a press facility and related websites and other digital operations. [28], In February 2018, GateHouse announced the acquisition of Kirk Davis's independently owned Holden Landmark Corporation for an undisclosed sum. In August, Gannett, the parent company of USA Today and more than 100 other dailies, and New Media Investment Group, the owner of the newspaper chain GateHouse Media, announced their intention to join forces. Arrg . Thats the engine that has gotten us to the place we are today, and thats the engine thats going to carry us forward.. "We all pray that it works," said Nancy Whitmore, professor of communication at Butler University in Indianapolis, and an expert on media economics. Safety starts with understanding how developers collect and share your data. GateHouse consolidated some business functions at a center in Austin, Texas, resulting in layoffs elsewhere, and laid off more than 100 newsroom employees in the spring. More. GateHouse's largest weekly newspaper market is Massachusetts, where it owns more than 100 titles in and around Boston. Support MBFC Donations Advertising and paid subscriptions generate revenue. GateHouse Media, Inc. iPad & iPhone. Its parent company, New Media Investment Group, merged with Gannett in 2019.[4]. Even before the merger, the two companies were the two largest chains in terms of both number of newspapers owned and circulation, according to researchers at the University of North Carolina. The sale includes all of the company's publications including Worcester Magazine, The Landmark, baystateparent magazine, the Grafton News, the Millbury-Sutton Chronicle and the Leominster Champion,. Flora Vista couple arrested, accused of child abuse, Opinion: Its time to increase US domestic energy production. They often publish factual information that utilizes loaded words (wording that attempts to influence an audience by appealing to emotion or stereotypes) to favor conservative causes. Its publications reach 22 million people weekly. New Media Investment Groupsaid Monday that it reached a deal to acquire Gannett, which owns USA TODAY and more than 100 other daily publications and digital marketing services such as ReachLocal. They are looking out for our best interest. Those are likely not the February 12, 2020 Kristen Hare. After the merger, the companies retained the Gannett name. Funding. Box 779Worthington, OH 43085614-406-5651info@gatehousemediapartners.com. Though New Media is buying its competitor, the company resulting from the deal will go by Gannett, a name that goes back to the early part of the 20th century, when Frank E. Gannett, who owned half of the Elmira Gazette in Elmira, N.Y., became a media baron with the acquisition of other newspapers. Now publishing at www.the-geyser.com. 12-022-21) Gatehouse Media, LLC v. City of Worcester (Lawyers Weekly No. We are honored to become a part of Gannetts storied history and a steward of their strong media properties into the future, Mr. Reed, the New Media executive, said in the statement. GateHouse Media, which owns 154 daily newspapers and operates in 39 states, has been on a buying spree in recent years, striking deals to acquire The Austin American-Statesman, The Palm Beach. Once you have created your account, sign in for full access. GateHouse Media, Inc. Nam viverra euismod odio, gravida pellentesque urna varius vitae. The acquisition comes about four years after Gannett split from the broadcasting arm of its former parent company, now known as Tegna. GateHouses digital-only subscriptions rose 44% year-over-year to 174,000 in the first quarter. GateHouses publications include the Columbus Dispatch in Ohio, Austin American-Statesman in Texas and the Oklahoman. Jason Taylor, left, newly named President and Publisher of the Review-Journal and President of GateHouse Media's Western U.S. Publishing Operations, shakes hands with Keith Rogers in the newsroom . As the new CEO in charge of the combined Gannett-GateHouse entity, Bascobert is drawing upon. USA Today reports the owner of GateHouse Media, which owns many of the Boston area's newspapers, will buy Gannett, then rename GateHouse as Gannett. Worcester Living, the lifestyle magazine that celebrates Central Massachusetts, is filled with stories about the people and places that help make the area a wonderful place to live. Experience with advertising compliance and local/state laws as they pertain to advertising. See "Subscription Support" in the app's Settings for more details and customer service contact information. New Media shareholders will own 50.5% of the combined company, while Gannett shareholders will own 49.5%. And now one in five daily papers in the United States has the same owner, under the Gannett name, according to figures provided by researchers at the University of North Carolina. GateHouse Media, Inc. New Media Investment Group, a holding company that controls GateHouse Media, announced that it had agreed to buy Gannett, the owner of USA Today and more than 100 other publications nationwide, in a transaction valued at roughly $1.4 billion. GateHouse experiences a growing interest in our capabilities in all markets, and we seek new talents to support this growth. Privacy Policy. In recent years, Gannett has pursued a unified journalism and business strategy through the promotion of the USA TODAY Network, which includes all of its U.S. publications. GateHouse publishes five daily newspapers and six paid weeklies[1]in California, in addition to nine free weeklies and shopper publications(not listed) associated with its newspaper products, and the Local Yellow Pagesin Sacramento:[5] Daily Pressof Victorville The Daily Independent[19]of Ridgecrest Desert Dispatch,[20]daily, of Victorville News Foster's Daily Democrat. GateHouse Media's ownerand Gannett have agreed to merge in a deal aimed at cutting overlapping costs and enabling the combined company to pursue a digital transformation as the media industry grapples with the disruptive forces of online news, social media and smartphones. Sullys Trl Perinton, Town of NY 14534 (585) 598-0030. How do you get that version back. GateHouse Media Inc.was an American publisher of locally based print and digital media. Gatehouse Too much email? It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. GateHouse Media is charged with billing customers for the Lens magazine $2 per issue, despite customers not requesting the magazine. NLRB Subscription Updates Download NLRB Mobile App. GateHouse's parent, New Media Investment Group, will purchase Gannett for $12.06 in cash and stock per share. Over the next two months, the plan breezed through the regulatory process, winning approvals from the Justice Department and the European Union. Etiam ultrices scelerisque enim, id interdum leo mollis sit amet. We rolled out meters for digital subscriptions in 15 new markets in the quarter and now . Fortress owned 52% of GateHouse debt. An agreement between two large newspaper chains on Monday laid the groundwork for a new publishing behemoth while raising questions about future investments in local journalism. Website. [29], In March 2018, GateHouse announced its $47.5 million purchase of the Austin American-Statesman of Austin, Texas. Both companies are dealingwith asharp decline in print revenue. Gatehouse Media Overview Work Here? I think both products get stronger, he said, because now were going to be able to share those resources., When he spoke of how Gannett would manage the neighboring papers, he mentioned the newsroom. INVESTING time listening is time well spent. The new Gannett, with 260 dailies under its control, will be based in McLean, Va. As the new CEO in charge of the combined Gannett-GateHouse entity,Bascobert is drawing upon deep experience in the news industry. Charged Party / Respondent Employer GateHouse Media Pennsylvania Holdings, Inc. d/b/a Times Publishing Company - Erie Times-News: 205 W 12th St Erie, PA 16534-0001 . Media executive Paul Bascobert has been named chief executive of the combined . The supersize version of Gannett has a byzantine corporate structure. Across the industry, newspapers lost about 57% of their advertising and circulation revenue and about 49% of their weekday print circulation from 2000 to 2018, according to the Pew Research Center. The Progress-Index eEdition. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Gatehouse Media Partners is a well respected & result-oriented boutique agency providing full-service options at a good value. GateHouse Media publishes three daily and five weekly newspapers in Georgia. GateHouse would be the nominal survivor, with New Media Investment Group's CEO, Mike Reed, becoming CEO of the merged company. The new company will go by the name Gannett. Bill Church, Senior VP News; Liberty Group Publishing was formed in 1998 when Kenneth L. Serota, a former Hollinger International attorney with backing from Leonard Green & Partners, bought 160 community newspapers from Hollinger. [citation needed] In October 2006, GateHouse had its IPO with Fortress maintaining 60% ownership. "We urge readers to support us with a digital or print subscription, and we urge. Marie, MI", "Hillsdale.net - Hillsdale, MI: Local & World News, Sports & Entertainment in Hillsdale, MI", "Holland Sentinel: Local & World News, Sports & Entertainment in Holland, MI", "Ionia Sentinel - Standard-Ionia, MI: Local & World News, Sports & Entertainment in Ionia, MI", "Sturgis Journal - Sturgis, MI: Local & World News, Sports & Entertainment in Sturgis, MI", "Crookston Times - Crookston, MN: Local & World News, Sports & Entertainment in Crookston, MN", "Boonville Daily News - Boonville, MO: Local & World News, Sports & Entertainment in Boonville, MO", "Chillicothe News - Chillicothe, MO: Local & World News, Sports & Entertainment in Chillicothe, MO", "Hannibal Courier - Post - Hannibal, MO: Local & World News, Sports & Entertainment in Hannibal, MO", "Kirksville Daily Express - Kirksville, MO: Local & World News, Sports & Entertainment in Kirksville, MO", "The Mexico Ledger - Mexico, MO: Local & World News, Sports & Entertainment in Mexico, MO", "Moberly Monitor-Index - Moberly, MO: Local & World News, Sports & Entertainment in Moberly, MO", "Columbia Daily Tribune: Local & World News, Sports & Entertainment in Columbia, MO", "The Daily Guide - Waynesville, MO: Local & World News, Sports & Entertainment in St. Robert, MO", "The Lake News Online: Local & World News, Sports & Entertainment in Camdenton, MO", "The Rolla Daily News - Rolla, MO: Local & World News, Sports & Entertainment in Rolla, MO", "The Carthage Press: Local & World News, Sports & Entertainment in Carthage, MO", "Morning Sun: Local & World News, Sports & Entertainment in Pittsburg, KS", "The Evening Tribune: Local & World News, Sports & Entertainment in Hornell, NY", "The Leader: Local & World News, Sports & Entertainment in Corning, NY", "The Wellsville Daily Reporter: Local & World News, Sports & Entertainment in Wellsville, NY", "Uticaod: Local & World News, Sports & Entertainment in Utica, NY", "The Times Telegram: Local News, Politics & Sports in Utica, NY", "MPNnow: Local & World News, Sports & Entertainment in Canandaigua, NY", "Devils Lake Journal - Devils Lake, ND: Local & World News, Sports & Entertainment in Devils Lake, ND", "The Columbus Dispatch: Local & World News, Sports & Entertainment in Columbus, OH", "ThisWeek Community News: Local & World News, Sports & Entertainment in Lewis Center, OH", "Columbus Monthly - Arts, culture, style, dining, news and in-depth features", "The Independent: Local & World News, Sports & Entertainment in Massillon, OH", "The Repository: Local & World News, Sports & Entertainment in Canton, OH", "Times Reporter: Local & World News, Sports & Entertainment in New Philadelphia, OH", "The Daily Ardmoreite: Local & World News, Sports & Entertainment in Ardmore, OK", "The Shawnee News-Star: Local & World News, Sports & Entertainment in Shawnee, OK", "Wayne Independent - Honesdale, PA: Local & World News, Sports & Entertainment in Honesdale, PA", "Mineral Daily News-Tribune - Keyser, WV: Local & World News, Sports & Entertainment in Keyser, WV", "Waynesboro Record Herald - Waynesboro, PA: Local & World News, Sports & Entertainment in Waynesboro, PA", "Letter from the Editor: About our new look", "Somerset newspaper to be sold to GateHouse Media", "Providence Journal parent buys publisher of Newport Daily News", "Schurz Communications selling newspapers to GateHouse Media", "GateHouse buys Schurz publishing division, including Public Opinion", "Oakridger - Oak Ridge, TN: Local & World News, Sports & Entertainment in Oak Ridge, TN", Official GateHouse Media website list of newspapers, https://en.wikipedia.org/w/index.php?title=List_of_newspapers_owned_by_GateHouse_Media&oldid=1127546282. The company has responded to the industrys revenue decline by making a series of acquisitions to bolster its revenue and gain scale while also shedding costs. In January 2015, GateHouse purchased the 36 newspapers of the Halifax Media Group for $280 million. [21] In December 2015, GateHouse sold the Las Vegas Review-Journal, the Stephens group's largest paper, to casino magnate Sheldon Adelson for $140 million. Filtered Search, Enter your email address to subscribe to MBFC and receive notifications of new posts by email. GateHouse and Gannett have both cut newsroom employees in recent years. Discounts, Offers and Advertising Opportunities Marie, MI: Local & World News, Sports & Entertainment in Sault Ste. Apply. Offer valid with only a $1,500 minimum digital campaign spend, and cannot be combined with any other offer. We will continue to demand that they fund high-quality journalism.. The 10,000-plus-employee company reaches more than 23 million people weekly via its 145 daily newspapers, 340 community publications, and 570-plus websites in 37 states. A few months ago, GateHouse acquired20 more local National Labor Relations Board. Once combined, GateHouse and Gannett will publish more than 260 daily newspapers in the United States, along with more than 300 weekly publications, in 47 states, as well as Guam. GateHouse -- the operating subsidiary of New Media Investment Group -- will combine with Gannett, the larger of the two companies, in a cash-and-stock deal that will be financed in part with. Anyone can read what you share. Traffic/Popularity: Minimal Traffic All plans give access to our growing exclusive content! In addition to the print product, the cities and villages covered by Suburban Life Publications are also served by the hyperlocal town-by-town websites at mysuburbanlife.com. Gatehouse Media is based out of Fairport. Gannetts headquarters in Tysons Corner, Va. The deal to create the largest newspaper company in the nation which became official at 4:10 p.m. on Tuesday came about with remarkable speed for a merger that will reshape the media landscape. Country: USA [20] In February 2015, GateHouse purchased Stephens Media, which published newspapers mainly in Arkansas and Nevada, for $102.8 million. See all Right-Center sources. [9], By 2013, GateHouse Media grew, operating in 330 markets across 21 states, but they found themselves in a debt situation that would prohibit future growth. The Latest Fact Checks curated by Media Bias Fact Check 03/04/2023, MBFCs Weekly Media Literacy Quiz Covering the Week of Feb 25 Mar 3rd, The Latest Fact Checks curated by Media Bias Fact Check 03/03/2023, Daily Source Bias Check: The Event Chronicle. Net incomeincluded$6.5 million of after-tax restructuring, asset impairment charges, and other costs, offset by $32.8 million of gains on property sales. The company publishes newspapers around the country, including USA Today, The Detroit Free Press and The Arizona Republic. Gatehouse re-emerged from the planned bankruptcy in November 2013. CEO Robert James Thomson indicated that the newspapers "were not strategically consistent with the emerging portfolio" of the company, which had been formed as a spin-off of News Corporation. Co.'s products include 86 daily newspapers; 254 weekly newspapers, which are published up to three times per week; 102 shoppers, which are generally advertising-only publications; over 466 locally focused websites and mobile sites; as well as six yellow page directories. Readers can enjoy all the stories, photos and ads exactly as presented in print. Bias Rating: RIGHT-CENTER To maximize the company's value, Boston Herald Inc. (BHI) filed a voluntary Chapter 11 bankruptcy petition in the U.S. Bankruptcy Court for the District of Delaware to maximize the company's value. Mr. Reed said the bulk of the savings is not going to come from editorial, meaning newsrooms would be largely spared. When . GateHouse CEO Kirk Davis stated that the project allows the After reviewing dozens of op-eds, we found slightly more favor a conservative perspective. Sorry you dropped the relationship with the NY Times but I do enjoy USA Today as I had a 25+ year subscription until 2 years ago. Frustration compounded by email notices which brings one to a story but then offers no way to log in to read, just a solicitation to purchase an already purchased subscription. *Offer extended only new digital advertisers. Gatehouse, now called Gannett, has been operated by Fortress Investments, a New York private equity firm, in turn owned by Softbank, the diversified Japanese tech firm. News Erie Times News eEdition. Copyright 2006 by The Gale Group, Inc", GateHouse Media stock being delisted from NYSE - October 22, 2008, "GateHouse Buying 14 Dailies, Other Pubs, From Morris For $115 Million", "News Corp. sells 33 papers to New York investors", "GateHouse Media Files for Pre-packaged Chapter 11", "GateHouse Media officially done with bankruptcy", "GateHouse Media Files Chapter 11 to Form New Company", "GateHouse Media to Buy Morris Communications", "GateHouse acquires News-Journal, Halifax Media", "Review-Journal, parent Stephens Media to be sold to New Media", "Sheldon Adelson's Purchase of Las Vegas Paper Seen as a Power Play", "GateHouse to acquire Kansas-based Harris newspapers", "Fox Business - GateHouse Media Buys Dix Communications Newspaper Chain", "Business Wire - New Media Announces Agreement to Acquire Calkins Media", "GateHouse acquires Morris Publishing's 11 daily newspapers", "Providence Journal parent buys publisher of Newport Daily News", "The Register-Guard sold to GateHouse Media", "GateHouse Media grows its empire by buying top exec's publishing company", "New Media Investment Group to Acquire The Palm Beach Post and Palm Beach Daily News", "Gatehouse Media purchases Akron Beacon Journal", GateHouse Media Buys Akron Beacon Journal and Ohio.com, "New Media Announces Solid Fourth Quarter & Full Year 2018 Results, Dividend of $0.38 per Common Share", "Herald-Times, Other Local Papers Sold To GateHouse Media", "GateHouse Media to acquire New Jersey Herald", "USA Today owner Gannett merges with GateHouse Media to form massive newspaper company", "New Media Investment Group to Acquire Gannett", https://en.wikipedia.org/w/index.php?title=GateHouse_Media&oldid=1141218731, This page was last edited on 23 February 2023, at 23:45. I very much enjoyed working at Gate House. Print advertising revenue has plummeted, and the money publishers have made from digital advertising has fallen short of what newspapers used to bring in from print ads. They said the savings would come primarily fromthe "increased scale of the new organization, sharing of best practices, leveraging existing infrastructure, facility rationalization and other judicious cost reductions.". GateHouse Media owner and Detroit Free Press owner Gannett have agreed to merge in a deal aimed at cutting costs and enabling digital growth. You will need to link your app purchase in order to have full access to our app. Facebook. With an unmatched reach at the national and local level, Gannett touches the lives of . Question: Add details. Penny Abernathy, a journalism professor at the University of North Carolina who has studied the decline of newspapers, said layoffs were all but guaranteed. The terms involved the cancellation of shares of Gatehouse, but those owners receiving warrants to buy shares in New Media Investment Group Inc.[11][12], Subsequently, Gatehouse Media acquired several newspaper groups between 2014 and 2017, including Halifax,[13] Stephens Media,[14] Calkins Media and Morris Publications. 2023 USA TODAY, a division of Gannett Satellite Information Network, LLC. Corporate Crossings Office Park The company's nine-member board will consist of five directors from New Media, three from Gannett, and New Media's current lead director, Kevin Sheehan. Ask a Lawyer. But, obviously, peoples a part of this as well. On Friday, Boston Herald publisher Patrick J. Purcell told staff that GateHouse Media LLC would acquire The Herald and its assets for $4.5 million in cash, subject to court approval. Right Bias: How we rate the bias of media sources. Erie Times-News Closed: Connect With NLRB. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Read our profile on the United States government and media. Earlier this year, it fended off a takeover attempt by MediaNews Group, a company controlled by the hedge fund Alden Global Capital. To link your subscription, open our app click on the settings (gear) icon in the top right corner of the screen, Click "Create Account" and follow the instructions to make a profile. MBFC Credibility Rating: HIGH CREDIBILITY. 120. GateHouse Media disputes all acts of allegations, however, they have agreed to settle the class-action lawsuit in order to avoid the further risk and cost of ongoing litigation. Select which emails and offers you wish to receive. This page was last edited on 15 December 2022, at 09:36. GateHouse Media, which owns 154 daily newspapers and operates in 39 states, has been on a buying spree in recent years, striking deals to acquire The Austin American-Statesman, The Palm Beach Post and The Akron Beacon Journal. your email inbox Additional Details: 1000 Ask . In 2018, the print business still brought in $25 billion, according to a study by the University of North Carolina. Its parent company, New Media Investment Group, merged with Gannettin 2019. Often you have a publisher responsible for five or six newspapers, she said. The developer, GateHouse Media, Inc., indicated that the apps privacy practices may include handling of data as described below. Gannett Co., Inc. 2020. Extension will extend subscription to the length it would have been if charges for premium editions had not been made; refund will consist of payment equal to the amount charged against their original subscription for the premium editions.
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