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.
Ventures Endurance, a subsidiary of Gannett, announces the launch of the DC Super Hero Run series, kicking off on June 12 in St. Louis, MO. This event will include in-person 5k races featuring popular characters like Wonder Woman, Superman, and Batman at eight Six Flags parks nationwide. The series, which began virtually in 2020, aims to bring communities together after two years online. Participants will receive exclusive branded merchandise and can contribute to St. Jude Children's Research Hospital, with over $1 million raised previously.
Gannett Co., Inc. (NYSE: GCI) announced that Chairman and CEO Michael Reed will participate in a fireside chat at the Deutsche Bank 30th Annual Media, Internet, & Telecom Conference on March 15, 2022, at 11:05 a.m. ET in Palm Beach, Florida. The event will be streamed live, with an archived video available for one year on their Investor Relations website. Gannett is known for its subscription-led media solutions and operates USA TODAY along with local media in 45 U.S. states and over 120 brands in the U.K., emphasizing community empowerment through content and services.
Gannett reported a 49% increase in digital-only paid subscribers, totaling over 1.6 million. Total digital revenues exceeded $1 billion in 2021, contributing 32% of total revenues and reflecting a 9% year-over-year growth. The company repaid $57.5 million in debt during Q4 2021 and adopted a $100 million share repurchase program. However, total revenues dropped 5.6% year-over-year to $826.5 million with a net loss of $22.4 million.
Gannett Co., Inc. (NYSE: GCI) announced that its commercial featuring Rocket Homes and Rocket Mortgage, starring Anna Kendrick and Barbie, won the coveted top spot in the USA TODAY Ad Meter for Super Bowl 2022. This marks the second consecutive year that this ad has achieved this recognition, making it the first repeat winner since 2014-2015. The competition, which ran from February 9 to February 14, involved over 143,000 panelists rating commercials. The winning ad received an average score of 6.82, leading against notable competitors like Amazon and Doritos.
Gannett Co., Inc. (NYSE: GCI) will announce its fourth quarter 2021 financial results on February 24, 2022, before the market opens. Management will hold a conference call at 8:30 A.M. ET on the same day. Interested participants can join by calling either 1-877-451-6152 (U.S.) or 1-201-389-0879 (international), referencing the earnings call. A webcast will also be available at investors.gannett.com. A telephonic replay will be offered until March 10, 2022.
The NFL Alumni Legends Party, hosted by Rob Gronkowski on February 11 in Hollywood, celebrates the upcoming Super Bowl with special guests including NFL legends Emmitt Smith, Jerry Rice, and Doug Flutie. Attendees can enjoy musical performances by Flo Rida and DJ Kim Lee, along with open bar and hors d'oeuvres. Ticket options include General Admission and VIP packages. Proceeds will benefit the NFL Alumni Caring For Kids initiative. The event aims to deliver an unforgettable experience while promoting community engagement, with limited tickets available.
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.
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