Welcome to our dedicated page for Gannett Co. news (Ticker: GCI), a resource for investors and traders seeking the latest updates and insights on Gannett Co. stock.
Gannett Co., Inc. (symbol: GCI) is a leading media and marketing company with a unique local-to-national reach that successfully connects consumers, communities, and businesses. The company is best known for its iconic publication, USA TODAY, and operates 92 strong local media organizations across 33 states and Guam. In the U.K., Gannett is represented by Newsquest, which oversees more than 160 local news brands online.
Gannett provides rich content through an extensive portfolio of digital, mobile, and print products, reaching more than 95 million unique visitors each month. This makes the company one of the top 10 news and information providers in the U.S. Additionally, its U.S. newspapers attract an extra audience of 9 million readers every weekday.
The company is divided into three main segments: Domestic Gannett Media, Newsquest, and Digital Marketing Solutions. The majority of its revenue comes from the Domestic Gannett Media segment, which includes more than 250 daily newspapers and digital marketing service companies like ReachLocal and WordStream. Besides traditional media, Gannett also produces over 350 annual events, ranging from themed expos to community gatherings.
Gannett continues to thrive by leveraging advancements in technology, digital media, and print publishing. Its 360-degree storytelling approach ensures that audiences, whether in local townships or on national stages, stay informed about what matters most to them. The company's dedication to community engagement and high-quality journalism is evident in its widespread reach and loyal readership.
Gannett Co. (NYSE: GCI) has announced its upcoming virtual presentation at the 27th Annual Needham Growth Conference on Friday, January 17, 2025, at 9:30 am ET. The presentation will feature Chairman and CEO Michael Reed and CFO Doug Horne.
The presentation will be accessible through the company's Investor Relations website under News and Events – Event Calendar section, remaining available for 90 days afterward.
Gannett operates as a diversified media company with national and local reach, focusing on community empowerment and enrichment. Their portfolio includes the USA TODAY NETWORK, Newsquest in the UK, digital marketing solutions brand LocaliQ, and USA TODAY NETWORK Ventures events division. The company emphasizes delivering essential content, marketing solutions, and experiences for curated audiences, advertisers, consumers, and stakeholders.
Reuters and Gannett (NYSE: GCI) have announced a strategic content partnership launching in Q1 2025. The collaboration will offer media companies access to ready-to-publish multimedia content combining Reuters' national and international coverage with Gannett's USA TODAY Network local news from over 200 publications.
The bundle aims to provide a cost-effective solution for local newsrooms facing resource constraints, delivering content through Reuters API and Reuters Connect platform. The offering includes breaking news, entertainment, sports, and lifestyle coverage, allowing media companies to focus on community-specific stories while accessing comprehensive content from both trusted brands.
This partnership represents a significant move to address the evolving needs of media brands, combining USA TODAY Network's extensive national reach with Reuters' global coverage in a single news feed, delivered at a reasonable price without requiring costly membership.
Gannett (NYSE: GCI) and Reuters have announced a strategic content partnership to provide media companies with ready-to-publish multimedia news content. The collaboration combines Reuters' national and international coverage with Gannett's USA TODAY Network local news from over 200 publications.
The bundle offering, launching in Q1 2025, will deliver local, regional, state, national, and international news content through Reuters API and Reuters Connect platform. The service aims to help media companies focus on community-specific stories while accessing comprehensive coverage of breaking news, entertainment, sports, and lifestyle content.
This cost-effective solution addresses the resource constraints faced by local newsrooms, providing them with trusted content without requiring costly memberships. The partnership leverages USA TODAY Network's national reach and Reuters' global coverage to deliver unbiased, impartial news content in a single feed.
USA TODAY, part of Gannett Co. (NYSE: GCI), has launched its first-ever USA TODAY Movie Meter, a new platform allowing movie enthusiasts to rate the 'Film of the Year' from Academy Awards nominees. From February 12-March 3, 2025, registered participants can watch nominated movie trailers and rate films on a 1-5 scale.
The initiative builds on USA TODAY's Ad Meter legacy, expanding into cinema ratings. The platform aims to reflect public sentiment rather than industry insider opinions. The winner will be announced on moviemeter.usatoday.com on March 3. USA TODAY Network reaches 147 million average unique visitors monthly across 200+ local markets, with the main platform attracting approximately 79 million monthly unique visitors.
Gannett Co. (NYSE: GCI) has announced that Chairman and CEO Michael Reed and CFO Doug Horne will participate in the UBS Global Media and Communications Conference on Monday, December 9, 2024, in New York. The executives will conduct one-on-one investor meetings throughout the day.
Gannett operates as a diversified media company focusing on digital marketing solutions and community enrichment. Their portfolio includes the USA TODAY NETWORK, Newsquest in the UK, LocaliQ digital marketing solutions, and USA TODAY NETWORK Ventures events division.
Gannett (NYSE: GCI) reported Q3 2024 financial results showing mixed performance. Total revenues decreased 6.2% to $612.4 million, while digital revenues grew 5.2% to $277.4 million, surpassing 45% of total revenues. The company reported a net loss of $19.7 million but achieved a 5.6% increase in Adjusted EBITDA to $62.9 million. Digital-only subscription revenues grew 25% to $50.1 million, with 2.06 million paid subscriptions.
Notable achievements include record monthly unique visitors exceeding 200 million, 168% year-over-year increase in free cash flow, and debt reduction of $29 million. The company completed debt refinancing transactions on October 15, 2024, extending maturities and reducing potential share dilution by 46%.
Gannett Co. (NYSE: GCI) announced the expiration of its Exchange Offer and Consent Solicitation for its 6.000% Senior Secured Notes due 2026. The initial settlement for Notes tendered before the Early Tender Time on October 10, 2024, was completed on October 15, 2024. The company did not accept Notes tendered after the Early Tender Time. Gannett received the required consents for the Proposed Amendments, and a supplemental indenture was executed on October 15, 2024.
Gannett Co., Inc. (NYSE: GCI) has announced the release of its third quarter 2024 financial results on Thursday, October 31, 2024, before the New York Stock Exchange opens. The company will host a conference call at 8:30 A.M. Eastern Time on the same day to discuss the results. Interested parties can join the call by dialing 1-888-506-0062 (U.S.) or 1-973-528-0011 (outside U.S.), using the access code "926379". A simultaneous webcast will be available at investors.gannett.com.
A telephonic replay will be accessible until November 14, 2024. Gannett, a diversified media company, operates the USA TODAY NETWORK in the U.S. and Newsquest in the UK. It also offers digital marketing solutions through LocaliQ and manages events via USA TODAY NETWORK Ventures.
Gannett Co., Inc. (NYSE: GCI) announced the closing of its debt refinancing transactions, which extend debt maturities and reduce future dilution from the 6.000% Senior Secured Convertible Notes due 2027. The company completed:
1. An exchange offer for its 6.000% Senior Secured Notes due 2026, with 98.61% of notes tendered.
2. Privately negotiated transactions to repurchase and exchange $447,227,737 of 2027 Convertible Notes.
3. An amended credit facility providing a five-year senior secured term loan of up to $900 million.
These actions aim to strengthen Gannett's capital structure, provide financial flexibility, and position the company for growth and transformation.
Gannett Co., Inc. (NYSE: GCI) announced preliminary results of early participation in its exchange offer and consent solicitation for outstanding 6.000% Senior Secured Notes due 2026. As of October 10, 2024, 98.61% of the $278,541,000 outstanding notes were tendered:
- 14.51% ($40,428,000) for the Loan Option: $1,000 in Term Loans and 1.5% upfront fee
- 84.10% ($234,253,000) for the Cash Option: $1,000 cash
Gannett received requisite consents for proposed amendments to the notes' indenture. The exchange offer is set to expire on October 25, 2024. The company expects to settle the exchange offer for tendered notes on October 15, 2024.
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