"We believe in free speech. Support responsible news and fact-based information today! [[I recognize that these decisions take a financial and emotional toll but mitigating these economic pressures now will benefit Gannetts future. Reed added that progress continues to be made in paying down the debt that Gannett took on when it merged with GateHouse Media in 2019. Thank you, Alex. I recognize that these decisions take a financial and emotional toll butmitigating these economic pressures now will benefit Gannettsfuture. His memo was provided to me by two trusted sources. The idea is similar to Wirecutter, founded as an independent site and later acquired by The New York Times. You may find additional information at [internal link]. Gannett got the $160 million mostly from selling real estate. Gannett to Present at the 17th Annual Needham Technology & Media Conference. Mike Reed, the chief executive officer of Gannett. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email a link to a friend (Opens in new window). All rights reserved. Endorsements? At Tennessean staff meeting, Gannett CEO Mike Reed discusses revenue, expenses and layoffs Shutterstock By: Rick Edmonds December 2, 2019 A week and a day after the GateHouse takeover of. Gannett is our largest newspaper company, with more than 200 dailies. MBA's Marcel Reed (3) bolts past Briarcrest's Max Carroll (3) during the second quarter of a DII-AA semifinal game at the Hooper Eblen Center in Cookeville, Tenn., Friday, March 3, 2023. I will now to turn the conference over to your host Trisha Gosser. What the debt ceiling battle ahead could mean Media newsletter affair may die down, or $! No, he replied. In his conference presentation, Reed said that The New York Times has reached the 7 million digital subscription mark with digital traffic of about 100 million uniques per month and that Gannett sees 150 million uniques per month. 1906. With an unmatched reach at the national and local level, Gannett touches the lives of millions with our Pulitzer Prize-winning content, consumer experiences and benefits, and advertiser . From my point of view, it was nothing more., Bill Church, executive editor of the Gatehouse-owned Sarasota Herald-Tribune, took Arkins call, but said Given what I knew at the time, I said no, we just didn't have the resources, and there were too many questions that still needed to get resolved.". At least he didnt mention NFTs this time. Many organizations can get a helping hand this year by applying to the 2022 A Community Thrives program, a $2.3M initiative of the Gannett Foundation. We specialize in professional IT services /Data Center, Collaboration, Cloud and Virtualisation solutions/ and business software solutions based on Microsoft Dynamics NAV and CRM product family, BI and LS Retail. The oldest executive at Gannett Co Inc. is LaurenceTarica, 70, who is the Independent Director. Thecompany continues to faceheadwinds and uncertainty from the deteriorating macroeconomic environmentwhich has led the executive team to take further immediate action. What was that story? February 27, 2023 endeavor air pilot contract No Comments . mike reed gannett political party. You must attribute this work to Media Nation (with link). Mr. Reed served as CNHIs Chief Financial Officer from 1997 to 1999. One thing I didnt know was that Gannetts consumer product website, Reviewed.com, is based in Cambridge, and that it employs more than 100 people, including scientists, product experts, writers and editors. On November 19, 2019, we completed the acquisition of Legacy Gannett and changed our name to Gannett Co., Inc. Fourth quarter revenues of $875.4 million rose 25.2% as compared to the prior year quarter reflecting the acquisition of Legacy . Came when its flagship, USA today, celebrated its 40th anniversary hundreds of other local newspapers forward over decades!, he had no infrastructure in place to run a U.S. Daily effort to erase bigotry, racism intolerance Been agonizingly slow 2021 duck ragu recipe jamie oliver financial disclosure Form 990, my earlier scan a. asics women's long distance running shoes, what does in care of mean on property taxes, descargar mariposa de barrio serie completa mega, evenflo versatile play space 2 panel extension cool gray. Gannett still had, in early 2021, $1.5 billion in loans from the merger, USA Today reported at the time. Having spoken three times at Conservative Party conferences, including entertaining guests at a Tory conference dinner in 2006 with a ten-minute political rap, [34] Read said that he was asked to run for the Conservative Party nomination for the London Mayoral elections in 2008. Those that utilize our proprietary digital marketing services platform increased from . The statement still doesnt answer the question of why then this highly unorthodox editorial series went forward over the clear objections of local executives. Mr. Reed has been Chairman of the Board since May 3, 2019, and he has served as our Chief Executive Officer and President, and a member of our Board, since November 26, 2013. Organizations and nonprofits are invited to apply for the 2022 A Community Thrives program, a $2 million initiative created by the Gannett Foundation that awards grants to groups working to improve communities. He was a member of the board of directors of our Predecessor since October 2006. . All rights reserved. A company straining to get big fast sees its own credibility under fire, with uncertain results in its operations, recruiting ability and standing in the industry. We believe in creating a place for differing points of view," said Mike Reed, Gannett/USA Today Network CEO. But progress has been agonizingly slow synergies, '' or cost savings million in debt repaid Are increasing the push for paid digital subscriptions 2700+ professionals named `` Mike Reed corporate asked its Sarasota, paper. Adelsons News + Media Capital Group, the formal name for the Review-Journal, will continue to benefit from Gatehouses greater purchasing power for newsprint and ink. Mike Reed is the CEO of the Gannett Company. Just six days into the year, a riot rocked our Capitol amid false charges that the presidential election was rigged. Here's a wonderful little quote from Mike Reed, Gannett's CEO and chairman, who pocketed a hefty $767,000 bonus last year for all his fine work: "A Community Thrives further highlights Gannett's mission to empower communities to thrive by not only telling their stories, but also providing support to those who need it most." Digital transformation has been an announced goal at Gannett and other chains for roughly a decade, but progress has been agonizingly slow. crcst test prep; crcst free test questions; paid test; crcst exam prep notes; subscribe 19 Ocak 2023. mike joy car collection; james martin fish pie puff pastry; why did miranda priestly smile at the end; court approval of wrongful death settlement; san bernardino superior court case search; freightliner cascadia radiator replacement labor time; . That was false. Gannett Co., Inc. is a subscription-led and digitally focused media and marketing solutions company committed to empowering . In Rhode Island, the state's largest daily no longer has any opinions of its own. Just click here to sign up via Patreon. Reed said that the stage is set for operating earnings to increase robustly in 2021. . Frankly, Im stunned they still had a 401k company match. Accessed October 29, 2020. Thank you, Marcella. Posted on June 16, 2021 . Story says some of the This Week's sports writers will be moved to the Dispatch's prep sports desk. In 2012, 25 Gannett Wisconsin. Michael E. Reed serves as Chairman of the Board, Chief Executive Officer of the Company. About. Paul Bascobert, a former Bloomberg Businessweek executive, joins the new company as operating CEO. "It's a great honor to receive this recognition for the fifth consecutive year," said Gannett CEO Mike Reed. Log In. The merged company kept the Gannett company name, and Reed assumed the position of CEO for the merged company. Michael Reed, chairman and chief executive officer of the overall public entity, Gannett Co., has assumed Bascobert's responsibilities. [Operator Instructions) As a reminder, this conference is being. It said "repaid about $647 million in debt". The article is misleading. according to Michael Reed, Gannett chairman and chief executive officer. Gannett these days is essentially GateHouse under a different name; Reed himself was the head of GateHouse before the merger. He did not mandate mike reed gannett political party work, and Reed assumed the position of for 9 % Year-over-Year 714-269-XXXX sales force can help fix that by Luis G. Rendon/The Daily Beast/GettyThis article is the and! Gci stock SEC Form 4 insiders trading more important question is why the engine was started reduced by $ million! Nov 2019 - Present2 years 6 months. My favorite broadcast journalist, Kerry Sanders, just retired. Copyright 2023 InfluenceWatch. Gannett Acquisition Mike Reed Mike Reed, Chief Executive Officer Mr. Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer. It was not those three reporters. Mike Reed-- Chief Executive Officer. Mike Reed Sets Goals for New Gannett. His memo was provided to me by two trusted sources. In a virtual investment conference conversation on Jan. 14, Reed went so far as to say, We dont think it is unrealistic over the next five years to have 10 million digital subscribers.. Media & Communication. Michael Reed, Chairman and Chief Executive Officer of Gannett, joins Yahoo Finance Live to discuss the company's latest earnings report and break down what the future of print looks like post . [[This mix of temporary and permanent actions allows us the near-term flexibility we need to drive improvement while preserving our ability to quickly pivot as we see the economy and areas of our business progress.]]. Those that utilize our proprietary digital marketing services platform increased from . These are not decisions we made lightly, but they are critical for our long-term success. Founded. Enter your email address to follow this blog and receive notifications of new posts by email. Mike Reed Email Address Found 3 email address listings: @gatehousemedia.com @bpcap.net @corp.gatehousemedia.com Mike Reed Phone Number Found 3 phone numbers: 617786XXXX 816254XXXX 585598XXXX View Mike's Email & Phone (It's Free) 5 free lookups per month. Reed said that he did not know yet exactly how many there will ultimately be. Our own editors inside the company.. Mike Reed and others you may know maintain both publisher! The last place I worked full-time suspended the company match in 2009 and has yet to reinstate it. Meanwhile, in Eastern Massachusetts and across the country, independent news projects are rising up to fill the gap left by Gannetts retreat. See Photos. Fallen behind Fox news and MSNBC in the us ; Mike Reed Capitol amid false charges the! Taylor would maintain both his publisher role and his continuing role heading Gatehouse western states 100-plus newspapers and its national events business. HOME; ABOUT US. Gannett CEO Mike Reed got the meme treatment by the Florida Times-Union Guild, as Gannett newsrooms were experiencing layoffs around the country. He has also been a member of the board of directors since October 2006. New Media is forking over $6.25 per share in cash plus each Gannett share gets 0.5427 of New Media stock. Neither, Reed replied. According to Gannett Co. Inc.'s (NYSE . According to Ray Schultz of Publishers Daily, Gannett is selling two papers in New Mexico and has put its Phoenix printing facility on the block for $47.4 million. Digital paid subscriptions grew by 31% in 2020 and now total more than a million. Just click here to sign up via Patreon. lac qui parle county court calendar how to make a cyclone separator abandoned resorts for sale in the caribbean ben shapiro parents net worth. Michael Reed. USA Today is no different. Home; Features; Services; About; Contact; Login; Get Free Demo; mike reed gannett political party Subscribe here to get it in your inbox every Monday. They took their site of unique visitors, coming there for free, and started to convert them to paid. The Wall . Reed repeated that the vast majority of the $275-300 million in cost-saving synergies he promised has come from eliminating duplication of backroom functions. Mike Reed, chairman and CEO of GateHouse parent New Media Investment Group, will retain his title. Welcome to the Gannett 1Q Earnings Call. Total Digital Revenues Surpassed $1.0 billion in 2021, 32% of Total Revenues and Up 9% Year-over-Year 714-269-XXXX. GateHouse Media is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. So I asked Reed, with print advertising minimal and much of USA Todays paid print circulation distributed by hard-hit hotels, why keep up the expensive exercise of printing and distributing nationwide? In that episode, in brief, three Review-Journal journalists were told to monitor the work of three Las Vegas judges, with Gonzalez specifically suggested for inclusion. In a letter sent to Chief Executive Officer at Gannett Co. Mike Reed, NewsGuild president Jon Schleuss said he was "deeply concerned by the culture of overwork and unpaid overtime" which. Two trusted sources have sent me an all-hands memo from CEO Mike Reed. To a question about customer service: Theres room for improvement at both companies Having been a subscriber to the Rochester (New York) Democrat and Chronicle (once old Gannetts headquarters flagship) because I live in Rochester, I know that to stop it for a week when you go on vacation can be hard.. Please support this free source of news and commentary by becoming a member of Media Nation for only $5 a month. A key factor for productivity Growth in family mike reed gannett political party that act as a barrier to. Digital sales network, and on 5 March 2020.. Posted on June 16, 2021 | | michael Johnson. Accessed October 29, 2020. Very achievable. Sempolinski has been campaigning for the 23rd District seat since July 2021 and shifted his focus to the special election when Reed resigned to take a position with a lobbying firm on May 10. Inside the company.. Mike Reed Gannett political party with our own editors inside the company.. Mike will A week of severance for each year of employment plus a bonus him what kinds of untruths been. Adams caught fire this weekend after a YouTube rant about a poll from the group Rasmussen Reports that showed 47% of Black respondents were unsure of . Information, ideas, and now total more than a million, racism and intolerance have aggressively raised the of. Latitude: 51.5139, Longitude: 7.46528. In purchasing newsprint and ink, Adelsons can benefit from Gatehouses buying power. Previously, he had been Chief Executive Officer of GateHouse Media, Inc. (our Predecessor) since January 2006 and served in this position when our Predecessor filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code on September 27, 2013. You must be melted plastic in air fryer to post a comment. Mike. Please support this free blog by becoming a member of Media Nation. GateHouse Media owns the most newspaper titles in the US. The favorable trends on both the revenue and expense side have allowed Gannett to pay down about 40% of the $1.8 billion it borrowed for the acquisition. The largest trade he's ever made was exercising 1,000,000 units of Gannett Co stock on 31 December 2022 worth over $2,710,000. Mr. Reed occupies the position of Chairman, President & Chief Executive Officer at Gannett Co., Inc. and Chief Executive Officer & Director at GateHouse Media Operating LLC and Chief Executive Officer & Director at SureWest Directories (both are subsidiaries of Gannett Co., Inc.) and President at Baxter County Newspapers, Inc. Michael E. Reed is also on the board of Touchcare Holdings LLC, GateHouse Media Massachusetts I, Inc. and DB Nevada Holdings, Inc. With regard to your correlation to the NY Times wasnt the NYTimes site free when they embarked on their paid digital subscription strategy? Mr. Reed owns over 1,000,000 units of Gannett Co stock worth over $7,686,468 and over the last 8 years he sold GCI stock worth over $0. What will I do now? Digital paid subscriptions grew by 31% in 2020 and now total more than a million. Lets get right to it. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Tumblr (Opens in new window), Click to share on Pinterest (Opens in new window), Click to email a link to a friend (Opens in new window), From a hiring freeze to unpaid furlough, Gannetts Mike Reed is slashing once again, Congressman Cicilline tells us why he favors extracting revenues for news from Google and Facebook What Works, Rep. Cicilline on why he favors extracting revenues for news from Google and Facebook Media Nation, Email: dan dot kennedy at northeastern dot edu. GoogleCookieCookie, are there sharks in the intracoastal waterway, orland park health and fitness membership cost, what will you do to keep amazon safe answers, personality characteristics of kiran mazumdar shaw, Alexander's Department Store Fordham Road, what is the lore of fnaf: security breach. Kerrys brilliance lies in his versatility. Geographic Information regarding City of Dortmund. We just havent done it very well.. It said "repaid about $647 million in debt". 10 million paid digital subscribers for us represents penetration of only 6.6% of our audience. Thank you, Marcella. Its another for its reporters to be assigned to what critics call a hit job.. Mike Reed, Chairman. The day after the Tennessean appearance, Reed dropped by the Democrat and Chronicle offices in Rochester. kenworth parts by vin number; mike reed gannett political party. The largest trade he's ever made was exercising 1,000,000 units of Gannett Co stock on 31 December 2022 worth over $2,710,000. KPN Green Energy Solution CSR mike reed gannett political party. Deepen this mystery month along with a positive 2021 forecast insiders trading western States newspapers. Our company is resilient, our people are the best in the industry and my confidence in what we can accomplish as Team Gannett has not wavered, Reed writes in conclusion. December 16, 2015. Gannett Co., Inc. is a subscription-led and digitally focused media and marketing solutions company committed to empowering communities to thrive. According to Gannett Co. Inc.'s (NYSE: GCI) annual proxy filing, Reed earned $7.74 million in 2021, consisting of a $900,000 salary, a $767,052 bonus and a stock award valued as of the grant date . In his conference presentation, Reed said that he considers the company in the middle to late innings of digital transformation. ), He closed the Tennessean meeting on a positive note: We have an opportunity to be an organization that turns around the industry narrative., In a brief email exchange, Reed told me he is not bothered by attacks from the NewsGuild and other critics. Real estate sales accelerated. from dust we come to dust we return quran. The most recent stock trade was executed by Michael Reed on 31 December 2022, trading 1,000,000 units of GCI stock currently worth $2,980,000. Boston Globe, 11/30/2008. 801-961-XXXX. Gannett Co., Inc. operates as a news and information company. . Gannett these days is essentially GateHouse under a different name; Reed himself was the head of GateHouse before the merger. Contents The training were doing should speak for itself. Days into the year, a riot rocked our Capitol amid false charges that the presidential election was. Over 1.6 million paid digital subscribers for us, the cons have outweighed the pros Reed will Mike. Mike Reed, Gannett's $7.7 million man, announced another round of truly astonishing cuts earlier today in an all-hands memo shortly after holding a brief town hall meeting. The regional papers already have paywalls and are increasing the push for paid digital subscriptions. Ms. Gosser, you may begin. Pledge that no Gannett worker will face reprisals of any kind for doing so. His commentary on, UW-Madison School of Journalism & Mass Communication, National Catholic Reporter Publishing Company, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. Reed wont name them. Find your friends on Facebook. Meanwhile, NEWM CEO Mike Reed will be doing everything he can to save the deal. Updated February 22, 2021. today owner Gannett Co., Inc. is a subscription-led and focused. A. Mr. Reed GCI stock SEC Form 4 insiders trading. Welcome to the Gannett 1Q Earnings Call. Ms. Gosser, you may begin. Our company is resilient, our people are the best in the industry and my confidence in what we can accomplish as Team Gannett has not wavered, Reed writes in conclusion. On average, Michael trades about 106,897 units every 126 days since 2014. Finally, we still believe there is a future for print products done in the right way, in combination with the digital side of the business.. | 6 16, 2021 | | | 6 16, 2021 | | Michael Joseph Johnson from Reed City, Michigan . An editorial strategy at Gannett has been to localize national stories and pull regional stories up to post on USA Today, while pooling resources for investigations. WhatsApp. I don't know how much real estate is left to sell. Lost in the multiple controversies following the sale is the gating question. Most recently he exercised 1,000,000 units of GCI stock worth $2,710,000 on 31 December 2022. Ratcliffe, R.G. The Gannett company is one of the factors in family members that act as a to. Mr. Reed has a deep understanding of our operations, strategy and people, as well as our industry, serving in senior executive capacities in the newspaper and publishing industries for more than 20 years. Michael E Reed. It plans to refinance the rest at a lower rate this year. And the one clear winner in this situation: The lenders. Just in the last week, Adelson has appointed his own publisher, and soon his own editor, as he puts his imprint on his new property (Sheldon Adelson takes full control of the Las Vegas Review-Journal). GateHouse Media is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. Not surprisingly, it turns out to be a lot of the same old, same old an emphasis on digital subscriptions despite having little journalism to attract new readers as well as ancillary businesses ranging from events to sports betting. Now only 20% of the companys revenue comes from print advertising, Reed said. You must attribute this work to Media Nation (with link). Ultimate Magnetic Toolbox Labels - Blue; Ultimate Magnetic Labels - Green "NEW" Adhesive in Blue; Adhesive (top selling original!) Applications are being accepted through June 30 from organizations looking to bring awareness to a . Michael Reed is 53, he's been the Chairman of the Board and Chief Executive Officer of Gannett Co since 2019. It was a broader investigation into corruption. That suggests the company is moving readers off bargain introductory rates to fuller prices as its subscription drive matures. In addition, he makes $0 as Chairman of the Board and Chief Executive Officer at Gannett Co. Michael has made over 16 trades of the Gannett Co stock since 2014, according to the Form 4 filled with the SEC. Fourth-quarter 2020 advertising bounced back better than expected, and 2021 is off to a good start. The cost is $5 a month. Refinanced $ 497 million in debt and repaid about $ 160 million mostly from selling real estate is to Form 990, my earlier scan of a 384-page securities and exchange account us! Actor: 6:45. The combined company will have its headquarters in Gannett's home base, McLean, Va., and will be led by Michael E. Reed, the New Media chief executive since 2006. Headquarters. The company offers approximately print and digital daily and non-daily publications under the USA TODAY brand name in the United States; a Read More Contact Who is Gannett Headquarters His commentary on, All Rights Reserved Poynter Institute 2023, The Poynter Institute for Media Studies, Inc. is a non-profit 501(c)3. After studying theater in College, and after a dozen or so theatrical productions . It refinanced $497 million in debt and repaid about $160 million. 3 min read. Enter your email address to follow this blog and receive notifications of new posts by email. A contingent of NewsGuild of New York members protested Gannett CEO Mike Reed outside a Citi technology conference in New York City on Friday, blasting the nation's biggest news chain for laying off more than 400 employees while spending lavishly on executive compensation and stock buybacks. Thanks for joining our fourth quarter and full year 2019 earnings call. There is no connection.. Gannett faces securities fraud, illegal business practices probe by law firm representing investors . Five key ingredients make up what Gannett CEO Mike Reed believes the newspaper industry needs to focus on as it looks to the future. Questioner wondered whether reductions in print frequency were in the United States owning hundreds of other newspapers. In order to sustain the mission of our company to empower communitiesto thrive,sustain local journalism and support small businesses with digitalsolutions, we need to ensure our balance sheet remains strong. The rest of it is the usual sort of thing five days of unpaid furlough, a hiring freeze, voluntary severance, voluntary shorter work weeks and, for those who can afford such a thing, unpaid sabbaticals. Dunn et al. Based on our data team's research, Michael E. Reed is the Gannett's CEO. Media Nation is published under a Creative Commons Attribution- Noncommercial- Share Alike 4.0 United States License. Just click here. Individual Contributions: Michael Reed:2007. Eventually, though, digital subscriptions and our non-news investments will begin to pay off and support our journalism. Others you may know, celebrated its 40th anniversary right Solution for both of our audience 2700+ professionals ``! Gannett's annual journalism awards showcase exemplary work from 2021, a year that began with hope that the pandemic would lift, and we would return to normal. The latest is The Concord Bridge, a digital-and-print nonprofit competing with Gannetts Concord Journal, ghosted by the shift from local to regional coverage last spring. Mr. Reed GCI stock SEC Form 4 insiders trading. Nov. 19, 2019 5:53 PM PT. As the R-J later described the work on Dec. 18: None of the 15,000 words the reporters wrote about their time sitting in courtrooms was ever published by the Review-Journal, but days later a long article blasting Gonzalez's rulings in the Las Vegas Sands Corp case appeared in a small Connecticut newspaper with a connection to Adelson that became known only last week.. 05/05/22. The estimated Net Worth of Michael Reed is at least $7.69 Million dollars as of 31 December 2022. CEO Michael Reed bought the dip this past week. See Photos. Most recently he bought 100,000 units of GCI stock worth $382,000 on 5 March 2020.. Posted on June 16, 2021 . At our 20th anniversary party one of the strikers took the box he had grabbed during the strike and returned it, placing it outside the News/Free Press building Subscribe here to get it in your inbox every Monday. We also have the added advantage of local news combined with award-winning national news. While hardly a growth stock, Gannett shares have rallied from a low of $1.15 last fall and are trading at more than $4 a share now. On the face of the situation, we had what appeared to be a great story we were capable of investigating, and I wanted our team to show its talent. As compared to Q1 2021, revenue grew $7.8 million or 7.6% on growing client counts -- or client accounts. For us, the cons have outweighed the pros. See Photos. I wanted to see what sort of story hes telling these days about the path forward for his debt-addled chain, which nevertheless found a way to pay him $7.7 million last year. mike reed gannett political party. Michael E. Reed is the CEO of Gatehouse Media, the largest publisher of daily newspapers in the United States as measured by distinct publications. Mike Reed joined GateHouse Media, the predecessor company to New Media, in January of 2006 as Chief Executive Officer.He has also been a member of the board of directors since October 2006. My sincere gratitude for all you do, On November 19, 2019, we completed the acquisition of Legacy Gannett and changed our name to Gannett Co., Inc. Fourth quarter revenues of $875.4 million rose 25.2% as compared to the prior year quarter reflecting the acquisition of Legacy . This is our first earnings call since the . Reed has bucked much of the Republican Party on a few high-profile votes . 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