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, 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.
Gannett Co., Inc. (NYSE: GCI) announced a multi-year partnership with the National Women’s Soccer League (NWSL) to serve as the official photography provider. Through its division Imagn, Gannett will supply all commercial imagery needs for NWSL sponsors and licensees, enhancing its coverage of women's sports. Imagn has a network of over 300 photographers covering sporting events, including the NWSL Challenge Cup, further strengthening its portfolio. This collaboration aims to elevate visibility for women’s soccer and support media customers globally.
The Legends Party, hosted by USA TODAY NETWORK Ventures and Golfweek, will take place on April 9 from 8 p.m. ET to midnight at Topgolf, Augusta. The event aims to engage the community during the Masters Tournament, featuring golf legend Davis Love III and former PGA player Colt Knost as hosts. Tickets are available for purchase, with discounts for military members. The event will include dinner, music, and premium beverages, promoting a unique experience for attendees celebrating golf's most prestigious weekend.
Gannett Co., Inc. (NYSE: GCI) announced the return of America Talks, a significant event designed to foster dialogue among Americans with differing views. Scheduled for April 21-23, 2022, this initiative encourages participants to register and engage in meaningful conversations through a matching survey published in USA TODAY and local news sites. America Talks aims to bridge divides and promote understanding in a polarized society, appealing to individuals aged 18 and older.
Gannett Co., Inc. (NYSE: GCI) has announced the 2022 Women of the Year honorees, recognizing impactful women at both local and national levels. The initiative aims to celebrate women who have made meaningful contributions to their communities and beyond. Notable honorees include Simone Biles, Melinda French Gates, and Nina Garcia. The program features interviews and content across various platforms, with a special video special debuting on March 29 and a podcast launching on March 30. The Gannett Foundation has awarded a $25,000 grant to Girls Inc., supporting future female leaders.
Gannett Co. (NYSE: GCI) has released its inaugural 2022 environmental, social, and governance (ESG) report, aligning its corporate social responsibility initiatives with U.N. Sustainable Development Goals. The report emphasizes Gannett's focus on people, planet, and communities. Key priorities include promoting diversity and equity in the workplace, implementing climate action strategies, and enhancing community storytelling through impactful journalism. Gannett aims for transparent updates on its ESG commitments annually, reinforcing its dedication to sustainability.
Gannett Co., Inc. (NYSE: GCI) addressed inaccuracies in data shared with advertisers over nine months, due to a caching error. The company regrets this oversight, which impacted less than $10 million in revenue from third-party programmatic advertising, while ensuring direct sales were unaffected. Gannett confirmed that user data and geo-specific ad targeting remained intact. The company has reviewed its quality assurance processes to prevent future errors and emphasized that the number of affected advertisers was minimal against its broader programmatic advertising landscape.
FAQ
What is the current stock price of Gannett Co. (GCI)?
What is the market cap of Gannett Co. (GCI)?
What is Gannett Co., Inc. known for?
How many local media organizations does Gannett operate?
What are the main business segments of Gannett Co., Inc.?
How many unique visitors access Gannett’s content monthly?
Which segment contributes the most to Gannett’s revenue?
What kind of events does Gannett produce annually?
What is the reach of Gannett's U.S. newspapers?
What companies are included in Gannett’s digital marketing services?
How does Gannett maintain its relevance in the media industry?
What is Newsquest's role within Gannett?
