Gannett and Reuters Launch Bundle Content Offering

Rhea-AI Summary

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.

Positive

• Strategic partnership expanding content distribution capabilities
• New revenue stream through content licensing to media companies
• Cost-effective solution targeting resource-constrained local newsrooms
• Launch of new product in Q1 2025 addressing market demand

Negative

• None.

Insights

Media Industry Analyst

The strategic partnership between Gannett and Reuters represents a transformative shift in content distribution economics. By combining Reuters' global reach with Gannett's extensive local coverage across 200+ publications, this bundle creates a comprehensive content solution that addresses a critical market inefficiency. The timing is particularly strategic given the increasing pressure on local newsrooms' resources and the rising costs of maintaining diverse content coverage.

From a business perspective, this creates a new revenue stream for both companies while offering smaller media outlets a cost-effective alternative to maintaining extensive newsroom operations. The API-based delivery system through Reuters Connect platform suggests minimal incremental costs for scaling, potentially leading to high-margin recurring revenue. This could help offset declining traditional advertising revenues, particularly beneficial for Gannett's transformation strategy.

The partnership's value proposition centers on three key elements:

• Cost efficiency through bundled pricing
• Operational flexibility for local newsrooms
• Comprehensive coverage spanning local to international news

This positions both companies to capture market share in the evolving digital news ecosystem while providing a sustainable model for local journalism.

Digital Content Strategist

This collaboration signals a significant pivot in content monetization strategy, particularly relevant in today's digital-first news environment. The API-driven distribution model enables seamless content integration, reducing technical barriers to adoption while creating scalable distribution channels.

The business model innovation here lies in the bundling strategy - combining local and international coverage creates a compelling value proposition that's difficult for competitors to replicate. This could potentially reshape the economics of local news distribution, providing smaller outlets access to premium content while maintaining editorial independence for local coverage.

For investors, this represents a strategic evolution in Gannett's business model, moving beyond traditional publishing toward becoming a content solutions provider. The partnership with Reuters adds credibility and reach, potentially opening new market segments and revenue streams. The Q1 2025 launch timing allows for proper market preparation and technical integration, suggesting a well-planned rollout strategy focused on long-term success rather than short-term gains.

Feeds of ready-to-publish content including images, text and video available to media companies

NEW YORK, NY--(BUSINESS WIRE)-- Gannett Co., Inc. (NYSE: GCI) and Reuters today announced an agreement to provide media brands and publishers with a unique offering that includes ready-to-publish local, regional, state, national and international multimedia news and content. The new offering will combine Reuters extensive national and international coverage with Gannett’s USA TODAY Network coverage of local news from more than 200 publications across the country. This enables media companies to focus their efforts on the stories that matter most to their communities, while relying on Reuters and the USA TODAY Network for relevant content including breaking news, entertainment, sports and lifestyle coverage.

This collaboration offers an innovative product that addresses the evolving needs of media brands leveraging USA TODAY Network’s extensive national reach and Reuters unparalleled national and international coverage. The collaboration delivers an unbiased and impartial news offering from Reuters, with USA TODAY and the USA TODAY Network’s extensive coverage on diverse topics from local communities, delivered in a single news feed.

“Gannett has been empowering local newsrooms across the USA TODAY Network with our trusted content and journalism for decades. This collaboration gives other local bureaus and media companies access to reliable news and information, proven to drive digital audience, with an array of content from national politics and local breaking news to best-in-class sports and entertainment coverage,” said Kristin Roberts, Gannett Media Chief Content Officer. “The USA TODAY Network I Reuters collaboration provides a compelling local and global offering. This bundle delivers a known market need, at a reasonable price that doesn't require a costly membership. We aim to enable brands to allocate resources to cover the stories that matter most in their respective markets.”

“In today's rapidly changing media landscape, local newsrooms are often faced with stretched resources. This synergy of two trusted brands provides a cost-effective solution that frees up valuable resources for local news outlets,” said Alphonse Hardel, Head of Reuters News Agency. “As we continue to invest in our U.S. news offering, including appointing Sally Buzbee as U.S. and Canada news editor, this collaboration with Gannett will ensure U.S. publishers have access to flexible, cost-effective solutions, allowing them to focus on what they do best – understanding their audiences and developing the stories that are most relevant and impactful.”

The USA TODAY Network I Reuters bundle offering will be available to media companies during the first quarter of 2025 via Reuters API and award-winning content platform Reuters Connect, ensuring content gets to customers’ newsrooms seamlessly. Interested newsrooms should contact Reuters News Agency here for more information.

ABOUT GANNETT

Gannett Co., Inc. (NYSE: GCI) is a diversified media company with expansive reach at the national and local level dedicated to empowering and enriching communities. We seek to inspire, inform, and connect audiences as a sustainable, growth focused media and digital marketing solutions company. We endeavor to deliver essential content, marketing solutions, and experiences for curated audiences, advertisers, consumers, and stakeholders by leveraging our diverse teams and suite of products to enrich the local communities and businesses we serve. Our current portfolio of trusted media brands includes the USA TODAY NETWORK, comprised of the national publication, USA TODAY, and local media organizations in the United States, and Newsquest, a wholly-owned subsidiary operating in the United Kingdom. Our digital marketing solutions brand, LocaliQ, uses innovation and software to enable small and medium-sized businesses to grow, and USA TODAY NETWORK Ventures, our events division, creates impactful consumer engagements, promotions, and races.

ABOUT REUTERS

Reuters, part of Thomson Reuters, is the leading global provider of business, financial and world news, reaching billions of people worldwide every day. Leveraging industry expertise and cutting-edge technology and tools, Reuters global team of trusted journalists delivers fast, accurate and fact-based news, insight and analysis to financial market professionals exclusively via LSEG products, to the world’s media organizations and to professionals via industry events and Reuters.com. Founded in 1851, Reuters is committed to the Trust Principles of independence, integrity and freedom from bias. For more information, visit Reuters.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, that relate to our current expectations and views of future events. All statements other than statements of historical facts contained in this press release, including statements relating to whether the transaction will drive Gannett’s revenue and cash flow growth, or result in an expansion of Gannett’s client base, are all forward looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. In some cases, you can identify forward-looking statements by terms such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” “could,” “will,” “would,” “ongoing,” “future” or the negative of these terms or other similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, contingencies, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance, or achievements to be materially and/or significantly different from any future results, performance or achievements expressed or implied by the forward-looking statement. For a discussion of some of the risks and important factors that could cause actual results to differ materially from our expectations, see the risks and other factors detailed in Gannett’s 2024 Annual Report on Form 10-K and Gannett’s quarterly reports on Form 10-Q and each of Gannett’s other filings with the SEC, in each case as such factors may be updated from time to time. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Gannett disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS, MATERIAL RISKS AND MATERIAL ASSUMPTIONS

Certain statements in this news release are forward-looking, including but not limited to when the companies expect the offering will be available. The words "expect", "anticipate", "believe" and similar expressions identify forward-looking statements. While the company believes that it has a reasonable basis for making forward-looking statements in this news release, they are not a guarantee of future performance or outcomes and there is no assurance that any of the other events described in any forward-looking statement will materialize. Forward-looking statements are subject to a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from current expectations. Many of these risks, uncertainties and assumptions are beyond our company's control and the effects of them can be difficult to predict. You are cautioned not to place undue reliance on forward-looking statements which reflect expectations only as of the date of this news release. Except as may be required by applicable law, Thomson Reuters disclaims any obligation to update or revise any forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250102601469/en/

Gannett | USA TODAY Network

Lark-Marie Antón

Chief Communications Officer

(646) 906-4087

lark@gannett.com

Reuters

Heather Carpenter

Senior Director, Communications, Reuters

(646) 540-2073

heather.carpenter@tr.com

Source: Gannett Co., Inc.

FAQ

When will the Gannett (GCI) and Reuters content bundle be available?

The USA TODAY Network | Reuters bundle offering will be available to media companies during the first quarter of 2025.

What type of content will be included in the Gannett-Reuters bundle?

The bundle includes ready-to-publish local, regional, state, national, and international multimedia news content, covering breaking news, entertainment, sports, and lifestyle content.

How will media companies access the Gannett-Reuters content bundle?

Media companies can access the content bundle through Reuters API and Reuters Connect content platform.

How many local publications are included in Gannett's (GCI) USA TODAY Network coverage?

Gannett's USA TODAY Network includes coverage from more than 200 publications across the country.

What is the main benefit of the Gannett-Reuters content partnership for local newsrooms?

The partnership provides a cost-effective solution that allows local newsrooms to access comprehensive news coverage while focusing their resources on community-specific stories.