When CEO Rob Gatto quit struggling advertising services subsidiary PointRoll last month, he said in a memo that he wanted to "focus on my family and other endeavors I have always wanted to pursue."
Now, as several Gannett Bloggers have pointed out, Gatto this month joined Aggregate Knowledge as president, according to his LinkedIn profile. Gatto had been PointRoll's chief executive since January 2011. PointRoll and Aggregate knowledge are (or were) business partners.
PointRoll, which Gannett bought in 2005 for a reported $100 million, historically was a key driver of GCI's profitability. But it has been buffeted by management changes amid stiffening competition and a Congressional probe into alleged privacy violations of Safari users.
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| Gatto |
PointRoll, which Gannett bought in 2005 for a reported $100 million, historically was a key driver of GCI's profitability. But it has been buffeted by management changes amid stiffening competition and a Congressional probe into alleged privacy violations of Safari users.
Poor Rob. He couldn't handle the once a quarter travel to king of Prussia so he takes a job with a California company.
ReplyDeleteOf course he went to ak - his play all along was to get pointroll bought by them. Now he has a real reason to talk to investors for ak since that is all he did while working for pointroll anyway!
ReplyDeleteWhen was the last time any senior gannett executive was honest about their motives, coming or going?
ReplyDeleteWhen was the last time any senior gannett executive was honest about their motives, coming or going?
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ReplyDeleteI guess a month was all he could stand of his family. Or maybe it was too long for them.
ReplyDeleteHAHA! Gatto failed miserably. Stepped down from CEO to president. Loser.
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ReplyDelete7:13 Please don't report that someone has been fired unless you have a memo or e-mail to back it up.
ReplyDeleteResigning and being fired have very different meanings.
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ReplyDeleteThe memo about Ripmaster's departure will come out soon enough.
ReplyDeleteGannett may allow her to "resign" on paper, but make no mistake she was pushed out.
Jim,
ReplyDeleteYou are correct to pull down emails about people being fired. What is going on at PointRoll is very simple. The existing management team provided Gannett with a very clear plan 18 months ago on what needed to be done to stem the decline in PR. You can debate whether the plan articulated was the right one, but the fact is no one will ever know because Gannett chose not to fund the investment in the plan leaving PR to rot and continue to decline. The departure of the management team (yes there will be more) is simply a response to the lack of investment by Gannett. They are all quitting on Gannett .....
Rip "resigned" just like Dan Shapiro "resigned". Doesn't matter what the paper says, everyone knows the truth.
ReplyDeleteExcept you, 6:19.
ReplyDeleteMore resignations in management on the way. Gannett is scrambling to figure out a strategy .......
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