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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 and Concacaf have announced a media content partnership to enhance the visibility of the 2024 Concacaf Champions Cup. This partnership will leverage Gannett's extensive reach through USA TODAY Network and its 200 local publications to provide comprehensive coverage of the Champions Cup, which features 27 top men’s clubs from North America, Central America, and the Caribbean. The final match is set for June 1, 2024, between CF Pachuca and Columbus Crew at Estadio Hidalgo. Gannett aims to capitalize on the rising popularity of soccer in the U.S. and reach over 50 million sports enthusiasts through this collaboration. The partnership also promises to boost coverage of upcoming tournaments, including the 2024 Copa America and the 2025 Gold Cup.
Gannett Co., Inc. announced its participation in the 19th Annual Needham Technology, Media, & Consumer Conference with key executives presenting virtually. The company aims to inspire, inform, and connect audiences through its diverse media brands and digital marketing solutions. Gannett's portfolio includes USA TODAY and Newsquest, with a focus on delivering essential content and experiences for stakeholders.
Gannett Co., Inc. reported strong first quarter results for 2024, with total digital revenues up 8% year-over-year, accounting for over 42% of total revenues. The company's digital-only subscription revenues and average revenue per user reached new highs, showing growth rates exceeding 20%. Despite total revenues decreasing by 5%, Gannett drove free cash flow growth and improved sequential year-over-year trends in Adjusted EBITDA. The company's full year 2024 outlook remains positive, with expectations of growth in digital revenues, Adjusted EBITDA, cash flow, and real estate sales.
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