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., Inc. (NYSE: GCI) will release its second quarter 2022 financial results on August 4, 2022, before the stock market opens. A conference call will take place the same day at 8:30 A.M. Eastern Time, accessible to all interested parties. To join, dial 1-877-451-6152 (U.S.) or 1-201-389-0879 (international). A webcast will also be available on Gannett's Investor Relations website. A replay of the call will be available until August 18, 2022.
Rob Gronkowski and Vernon Davis will host the USA TODAY High School Sports Awards on July 31 at 8 p.m. ET. This event honors top high school athletes nationwide, culminating from 24 local shows. Nominees are determined through statistical analysis and feedback. Gronkowski and Davis expressed excitement for recognizing young talent and inspiring future athletes. The awards recognize achievements in 18 sports and feature prestigious honors like Team of the Year and Coach of the Year.
Gannett Co., Inc. (NYSE: GCI) announced the appointment of Vincent Cirel as Chief Technology Officer (CTO), aiming to enhance its digital transformation. Cirel, with over 20 years of experience, will spearhead Gannett’s technology strategy, focusing on cybersecurity and compliance with data privacy regulations. Previously, he led technology operations at Scientific Games and Norwegian Cruise Line Holdings. Gannett's CFO Doug Horne expressed confidence in Cirel's abilities to improve operational efficiency and customer experiences during this pivotal transition.
Gannett Co., Inc. (NYSE: GCI) announced a strategic restructuring, launching two business units: Gannett Media and Digital Marketing Solutions (DMS). Under the leadership of Maribel Perez Wadsworth and Kris Barton, respectively, this reorganization aims to enhance consumer and B2B operations, fostering sustainable revenue and cash flow growth. The focus on digital customer engagement and subscriber growth is intended to optimize Gannett's legacy business while expanding digital offerings, positioning the company for future success.
Gannett Co., Inc. (NYSE: GCI) has announced the 2022 A Community Thrives program, a $2 million initiative aimed at supporting community-building efforts across the nation. Non-profit organizations can apply from June 1 to June 30, 2022, for grants ranging from $25,000 to $100,000. Since its launch in 2017, the program has distributed over $17 million to 500 organizations, showcasing a strong commitment to empowering under-served communities. The fundraising phase will occur from July 18 to August 12, 2022, with recipients announced on October 5.
Gannett Co., NYSE: GCI, will participate virtually in the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 9:30 am ET. The presentation will feature Chairman and CEO Michael Reed, alongside Chief Product Officer Kris Barton. Investors can access the video webcast on Gannett’s Investor Relations website, available for 90 days post-event. Gannett is a digitally focused media and marketing company, operating USA TODAY and over 150 local news brands in the U.K. The company emphasizes community empowerment through its diverse media assets.
Gannett Co. reported Q1 2022 financials with total revenues of $748.1 million, down 3.7% year-over-year. Digital-only paid subscribers surged by 44% to over 1.75 million, reflecting a robust digital transformation. Digital marketing revenues rose 14% to $107.3 million, contributing to total digital revenues of $251.1 million, which represents 34% of total revenues. Despite a net loss of $3.0 million, adjusted EBITDA was $64.2 million. The company maintains its 2022 revenue outlook between $3.1B and $3.2B, projecting continued growth in digital subscriptions.
Gannett Co., Inc. (NYSE: GCI) will release its Q1 2022 financial results on May 5, 2022, before the NYSE opens. A conference call will be held the same day at 8:30 A.M. Eastern Time, accessible via telephone or through a live webcast on Gannett's investor relations website. A replay will be available later on the same day until May 19, 2022. Gannett focuses on empowering communities through its subscription-led and digitally-focused media solutions, with assets including USA TODAY and local media in 45 states.
Gannett Co., Inc. (NYSE: GCI) announced the nomination of Amy Reinhard, Vice President at Netflix, to its Board of Directors for the Annual Meeting on June 6, 2022. Reinhard brings over 20 years of media experience, overseeing global production at Netflix and previously leading licensing at Paramount Pictures, generating $1 billion in annual revenue. Gannett's CEO, Michael Reed, expressed enthusiasm for Reinhard’s expertise in strategy and operations, particularly in subscription-based content, aiding Gannett's digital evolution.
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