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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) announced strong financial results for Q2 2021, with total revenues of $804.3 million, up 4.9% year-over-year. Digital-only subscribers reached 1.4 million, a 41% increase, and digital revenues made up 32.2% of total revenue. Adjusted EBITDA rose 48.4% to $115.8 million, and net income was $15.1 million. The company signed a strategic agreement with Tipico US, enhancing its digital marketing capabilities. With a focus on reducing debt, total debt was reported at $1.491 billion as of June 30.
Gannett Co., Inc. (NYSE:GCI) has relaunched its Over the Top (OTT) channels, partnering with Amagi for enhanced media technology. The expansion includes more than a dozen Free Ad-Supported Streaming TV (FAST) platforms, achieving over 25 million monthly views and a 200% increase in average view duration. The renewed channels feature a variety of programming from award-winning documentaries to sports content. The USA TODAY High School Sports Awards will also air on August 5, highlighting elite athletes and coaches.
Gannett Co., Inc. (NYSE:GCI) has formed a strategic alliance with Tipico USA Technology, Inc., enhancing its sports betting offerings through the Tipico Sportsbook brand. The five-year agreement entails a $90 million media investment from Tipico, alongside performance incentives for Gannett. Gannett will also have the option to acquire up to 4,990 shares in Tipico's U.S. operations. The collaboration aims to integrate comprehensive sports betting content across Gannett's extensive USA TODAY NETWORK, catering to over 46 million sports fans in the U.S.
Gannett Co., Inc. (NYSE: GCI) will release its second quarter 2021 financial results on August 6, 2021, before the NYSE opens. A conference call will be held at 8:30 A.M. Eastern Time on the same day, accessible via phone or webcast. Interested participants can join by calling specific numbers or through the Investor Relations section of Gannett’s website. A replay will be available after the call until August 20, 2021. Gannett is focused on empowering communities with its diverse media and marketing solutions, including USA TODAY and local media outlets across the U.S. and the UK.
USA TODAY’s High School Sports Awards, presented by U.S. Polo Assn., will host a national show on August 5 featuring renowned hosts Michael Strahan and Rob Gronkowski. This significant event celebrates elite high school athletes across the country, culminating from 105 regional awards programs. The show will highlight athletes' stories and feature industry icons like Shaquille O’Neal and Aaron Rodgers. Additionally, the partnership introduces new awards for the top male and female polo athletes, emphasizing the importance of recognizing outstanding talent in high school sports.
Gannett Co. Inc. (NYSE: GCI) is set to launch its inaugural non-fungible token (NFT), celebrating the 50th anniversary of the Apollo 14 mission that delivered a special edition of TODAY to the moon. The auction, in collaboration with Origin's NFT Launchpad, begins on June 28, featuring a mosaic of over 300 images from 50 years of space coverage. Proceeds will benefit the Air Force Space & Missile Museum Foundation and The Gannett Foundation. The collection includes interactive digital assets, a Space Coast tour, and lifetime digital subscriptions. Gannett is also offsetting the NFT footprint with carbon credits.
The American Influencer Awards, in partnership with USA TODAY NETWORK Ventures, has opened nominations for its fourth annual event, expanding to include categories for fitness, lifestyle, and fashion influencers. The awards aim to celebrate over 75 distinct creators across various fields, including breakout influencers and LGBTQ+ influencers.
Public nominations will lead to a final voting round to determine the winners. The show promises to honor influential content creators and highlight their achievements within the community.
Ventures Endurance, a subsidiary of Gannett, has rebranded its visual identity by consolidating previously acquired Rugged Races and RAM Racing. With over 115 events, including popular races like the Rugged Maniac and Hot Chocolate 15K, the rebrand aims to enhance outreach to consumers and sponsors. Ventures Endurance attracted over 500,000 participants in 2019 and has partnered with Warner Bros. for themed races. A new campaign, Run Together, positions the company as a leading player in the endurance event market.
Gannett Co. (NYSE: GCI) has been awarded the 2021 Pulitzer Prize for National Reporting for a collaborative investigation revealing the dangers of police dogs. The Indianapolis Star led the project, documenting over 150 severe incidents involving police canines. Additionally, the Courier Journal received two Pulitzer finalist nominations for its comprehensive coverage of the fatal shooting of Breonna Taylor. This accolade adds to Gannett's impressive total of 96 Pulitzer Prizes.
CEO Mike Reed commended the efforts of Gannett’s journalists in bringing pivotal stories to light.
Gannett Co. (NYSE: GCI) announces a partnership with the #ListenFirst Coalition and My Country Talks to promote honest conversations among Americans. The America Talks virtual event will be held on June 12-13, 2021, encouraging participation across diverse backgrounds. Gannett aims to facilitate these discussions through a questionnaire embedded in articles on USA TODAY and 250 local news sites. The initiative aligns with their mission to bridge divides and responds to a national desire for more constructive dialogue, as 79% of Americans believe it can help reduce divisiveness.
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