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 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.
Gannett Co. (NYSE: GCI) will present at the 16th Annual Needham Technology & Media Conference on May 18, 2021, at 8:45 am ET. Key executives including Chairman Michael Reed and CFO Doug Horne will be presenting. The presentation will be accessible via a video webcast on Gannett's Investor Relations page and will be archived for 90 days.
Gannett is a media and marketing solutions company, offering subscription-led services and reaching millions through its brands like USA TODAY and over 120 local news media in the UK.
Gannett reported its Q1 2021 financial results, achieving a record of over 1.2 million digital-only subscriptions, marking a 37% increase year-over-year. Revenue totaled $777.1 million, an 18.1% decline from Q1 2020, influenced by COVID-19 impacts and industry trends. Adjusted EBITDA increased by 1.4% to $100.5 million, with a margin expansion of 250 basis points. The company fully refinanced its 11.5% term loan, achieving $300 million in annualized synergies ahead of schedule. Despite a net loss of $142.3 million, digital revenues showed growth, particularly in digital marketing solutions.
Gannett Co. (GCI) announced the release of its first quarter 2021 financial results on May 7, 2021, before NYSE opening. The management will hold a conference call at 8:30 A.M. ET, with access available via a dedicated phone line and a webcast. The earnings release will be posted on the company’s Investor Relations site. A telephonic replay will be available after the call until May 21, 2021. Gannett is a media and marketing solutions company with a significant national and local presence, operating assets including USA TODAY and multiple local news brands.
Gannett Co., Inc. (NYSE: GCI) announced the launch of USA TODAY’s "Women of the Year" franchise, recognizing women of distinction across all 50 states. The initiative, beginning during Women’s History Month, will honor 10 women nationally and one from each state, emphasizing resilience and support during the pandemic. Vice President Kamala Harris is the first honoree. The project aims to showcase diverse women who inspire change and promote equity. This follows last year’s "Women of the Century" project, reinforcing Gannett's commitment to diversity and inclusion in media.
Gannett Co. (NYSE: GCI) announced participation in the 29th Annual Deutsche Bank Media, Internet & Telecom Conference on March 10, 2021, featuring Chairman and CEO Michael Reed and CFO Doug Horne. The event will be broadcasted and subsequently available as an archived audio webcast in the Investor Relations section of Gannett's website. Gannett is a leading media and marketing solutions company with extensive national and local reach, encompassing USA TODAY and several local media organizations across 46 states, alongside its digital marketing subsidiaries.
Gannett Co. reported its Q4 and full-year 2020 financial results, revealing a net loss of $122.2 million for Q4 and $670.5 million for the year. Despite a 25.2% revenue increase in Q4 to $875.4 million, driven by the acquisition of Legacy Gannett, same-store pro forma revenues fell 16.3%. Digital revenues accounted for 25.5% of total revenues. The company emphasized progress in digital transformation and subscription growth, surpassing 1 million digital subscribers. Gannett plans to implement a subscription-led growth strategy aimed at increasing stockholder value and reducing debt.
Gannett Co. (GCI) and McClatchy are enhancing local advertising effectiveness by combining their media networks. This partnership allows national brands to engage with local audiences across major markets, reaching about 200 million digital and 8.4 million print consumers. The USA TODAY national sales team will facilitate access to this combined audience, providing targeted advertising solutions. Key executives expressed optimism about improved local audience reach and innovative advertising strategies aimed at delivering a strong ROI for clients.
Gannett Co., Inc. (NYSE: GCI) appointed Vinayak Hegde as an independent director to its Board of Directors, effective February 15, 2021. His extensive digital and operational experience is anticipated to add significant value to Gannett's management and strategic objectives. Hegde is currently the President and COO of Blink Health, with a notable background including roles at Airbnb and Groupon, where he contributed to substantial revenue growth. Gannett, focused on digital media and marketing, aims to enhance its community ties and improve operational efficiency.
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