GateHouse Media Inc. has added to its executive team.
The company Tuesday announced the hiring of Peter Newton as president of GateHouse Ventures, a recently created division focused on identifying, developing and launching new business opportunities.
During the first quarter GateHouse reported that it had invested some $800,000 in new businesses through GateHouse Ventures.
GateHouse’s first two ventures were Propel Marketing, online marketing company that provides digital products and services to businesses, and Compass Aging Services, an elder care decision support resource for caregivers.
Along with working on those two services, Newton will help lead the national expansion of Adhance Media, GateHouse’s digital ad exchange service.
Prior to GateHouse, Newton ran his own consulting practice. Before that, he spent 17 years working in finance and advertising at the Boston Globe. He also has worked as a marketing manager for Monster.com.
“Peter’s appointment comes as we are moving from a successful diligence phase in some of our new ventures to an execution phase, a period in which we begin to scale our new businesses,” said Kirk Davis, chief operating officer for GateHouse, in a statement.
The company also announced the appointment of Jay Fogarty, currently vice president of new revenue platforms, to vice president of strategy and innovation. Fogarty will be lead new business development companywide.
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