When Ellis Williams accepted an offer in July to become an Oklahoma State beat writer for The Oklahoman, the announcement forum was Twitter, as is now customary for media members changing jobs.

Here’s Oklahoman sports editor Ryan Sharp welcoming Williams to the team:

Williams then confirmed the news:

Williams had already left his position at the Post-Star in Glen Falls, New York, and had passed up other opportunities while waiting to accept and then begin his work at The Oklahoman. Except before Williams could start, the job offer was rescinded thanks to a hiring freeze instituted by GateHouse Media, corporate overlord of The Oklahoman. 

Here’s Poynter’s Tom Jones with the details:

Ellis started making arrangements to travel with his mom from his hometown of Hastings, Minnesota near the Twin Cities to look for a place to live in Oklahoma City. He was scheduled to start Aug. 12.

One phone call changed everything.

Last week, The Oklahoman’s human resources department called Williams with bad news: GateHouse Media, which owns The Oklahoman, had implemented a hiring freeze. The Oklahoman rescinded its job offer.

“It was completely blindsiding and it left me dumbfounded,” Ellis told me Wednesday. “Really, it was a gut-punch and I felt in the dark there, to be honest.”

That’s obviously brutal. Perhaps not coincidentally, GateHouse’s holding company parent New Media announced a $1.4 billion deal to purchase Gannett earlier this week, a deal that is now in limbo thanks to New Media’s stock price collapsing upon the news.

From the New York Post:

On Monday, New Media said it planned to buy Gannett, the nation’s largest newspaper publisher, in a cash-and-stock deal valued at $1.4 billion at the time. The deal would create the nation’s largest newspaper conglomerate by combining Gannett, currently the nation’s largest newspaper publisher, with New Media’s Gatehouse Media, which owns nearly 700 papers across 39 states, including 156 dailies like the Columbus Dispatch in Ohio.

Only, instead of cheering the deal, investors sent shares of New Media plummeting in a selloff that has lasted three days. The now sagging New Media shares will be used as currency to pay Gannett shareholders for selling the company. They could vote the deal down if they feel they aren’t being properly compensated.

Shares of New Media have fallen 33 percent since the deal was announced, including a 12 percent drop on Wednesday. The selling has sent New Media’s shares from more than $10.50 a share to $7.11 a share — and has lessened the value of the merger from $1.4 billion to under $1.2 billion.

As for Williams, he’s still looking for his next opportunity:

“I know that this wasn’t the sports editor, Ryan Sharp’s decision,” Williams said. “It was out of his hands. There is no animosity. I’m not taking this personally. It happens.”

Williams added, “People who have been in this game longer than I have said they’ve never heard of something like this before. I guess if there’s some history to be made, this is the kind I didn’t want to make.”

That’s a more enlightened attitude than many people would have in his position. Hopefully he gets his next gig soon.


About Jay Rigdon

Jay is a columnist at Awful Announcing. He is not a strong swimmer. He is probably talking to a dog in a silly voice at this very moment.