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 launched the 34th annual Ad Meter competition, an influential program assessing consumer reactions to Super Bowl LVI advertisements. Taking place from February 9 to February 14, registered participants can rate commercials, culminating in the announcement of the winner on February 14. Partnered with Kia Motors and Verizon, the competition will also feature a summit to analyze ad performances. USA TODAY continues its strategic partnership with YouTube for sentiment measurement related to the Ad Meter.
Gannett Co., Inc. (NYSE: GCI) announced a share repurchase program authorizing up to $100 million for its common stock. This initiative aims to enhance long-term shareholder value, as stated by Chairman Michael Reed, who emphasized that the current stock price is significantly undervalued. Additionally, Gannett amended its credit agreement, permitting an incremental loan of $50 million and transitioning interest calculations to Term SOFR. The company is also allowed to execute stock repurchases under existing debt agreements until December 31, 2022.
Gannett Co. (NYSE: GCI) announced the launch of a dedicated Accessibility category on its Reviewed website, focusing on product insights for adaptive products and assistive technologies for people with disabilities. The initiative aims to better serve a largely underserved audience, as over 1 billion people globally live with disabilities. Led by Accessibility Editor Sarah Kovac, the section will feature comprehensive product recommendations and advocacy for accessibility, reflecting Gannett's commitment to diversity and inclusion efforts.
USA TODAY Sports, a subsidiary of Gannett Co. (NYSE: GCI), has launched the 2022 Ferris Mowers Men’s Basketball Coaches Poll in partnership with the National Association of Basketball Coaches (NABC). This poll ranks the top 25 NCAA Division I Men’s Basketball teams based on votes from NABC-member coaches. The rankings will be published weekly, with the final poll determining the winner of the Ferris Mowers NABC National Championship Trophy in April. This initiative continues a 25-year tradition highlighting college basketball excellence.
Gannett Co., Inc. (NYSE: GCI) announced that its Chairman and CEO, Michael Reed, along with CFO Douglas Horne, will participate in two upcoming virtual conferences. The first is Citi's AppsEconomy Conference on January 6, 2022, at 1:00 p.m. ET, followed by the 24th Annual Needham Virtual Growth Conference on January 13, 2022, at 8:30 a.m. ET. The presentations will be accessible via the Investor Relations section of Gannett's website for 90 days post-event.
Gannett focuses on subscription-led, digitally-driven media and marketing solutions, engaging communities through various media assets including USA TODAY.
Gannett Co. (NYSE: GCI) has entered a partnership with TicketSmarter to enhance ticket purchasing opportunities for its USA TODAY NETWORK audience of over 145 million monthly visitors. The integration will allow users to buy tickets for concerts, sports, and theater events directly from content on USATODAY.com and local media sites. This first-of-its-kind agreement aims to connect local communities with events while facilitating seamless access to ticket sales. Scheduled integrations will enhance user experience with 'Buy Now' widgets and event information through 2022.
Gannett Co., Inc. (NYSE: GCI) has announced the inaugural Best of Humankind Awards, recognizing individuals who display extraordinary kindness and perseverance. Hosted by Jenna Bush Hager, the awards will premiere on December 9, celebrating nominees across 11 categories. The public voting saw over 70,000 votes, and winners will receive $1,000 to support their causes. This initiative aims to engage the community and share uplifting stories through the Humankind franchise, which generated over three billion views in 2020.
Gannett Co. Inc. (NYSE: GCI) has announced the auctioning of two unique NFTs created by artist Peter Tunney, with proceeds benefiting The Sunny Center and the Gannett Foundation. The NFTs, titled ‘GRATTITUDE’ and ‘LIBERTY,’ will be auctioned on OpenSea, marking Gannett's second NFT auction following its first collection in June. The ‘GRATTITUDE’ NFT is priced at $250 each, while the ‘LIBERTY’ NFT starts at a minimum bid of $50,000, including the original artwork. This initiative aims to support community-building and raise awareness about wrongful convictions.
On November 17, 2021, Sony Electronics announced its partnership with Gannett, becoming the official imaging products provider for the USA TODAY NETWORK. This collaboration aims to enhance Gannett's photo and video journalism capabilities by providing access to a wide range of Sony imaging products, including the Alpha 1 and FX Cinema Line cameras. Gannett's journalism team, comprising over 500 professionals, produces nearly two million edited images and thousands of videos annually. The rollout of Sony imaging kits will begin immediately in select markets.
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