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.
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.
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.
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