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Gannett Co., Inc. - GCI STOCK NEWS

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.

News

Reviewed Returns to CES with Second Annual AccessABILITY Awards

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Reviewed, a consumer product review brand under Gannett Co., Inc. (NYSE: GCI), will host its second annual AccessABILITY Awards at the 2024 Consumer Electronics Show, honoring top products designed for consumers with disabilities. The awards aim to recognize excellence and innovation in the AccessABILITY category, showcasing the latest in accessible product innovation and new trends hitting the market.
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Gannett Joins LOT Network to Protect Digital Asset Products from Patent Litigation

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Gannett Co., Inc. (NYSE: GCI) has joined LOT Network, the largest patent licensing platform and non-profit community of global companies to protect its members against patent assertion entities (PAEs). The network ensures that if a member's patent asset falls into the hands of a PAE, other members are granted a license to that patent, rendering them immune to a PAE lawsuit using the same patent. Gannett's membership in LOT will reduce litigation risk and costly patent-troll lawsuits, allowing the company to focus on developing innovations that further strengthen its position as a digitally-focused media industry and marketing solutions leader.
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Gannett Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

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Gannett Co., Inc. (NYSE: GCI) received a perfect score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, showcasing its dedication to LGBTQ+ workplace equality. The company's commitment to fostering an inclusive and diverse culture has been recognized for the sixth consecutive year, joining the ranks of 545 major U.S. businesses that also earned top marks this year.
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Gannett to Participate at the UBS Global Media and Communications Conference

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Gannett Co., Inc. (NYSE: GCI) Announces Participation in UBS Global Media and Communications Conference on December 4, 2023
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Gannett Announces Ongoing Debt Reduction

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Gannett Co., Inc. (NYSE: GCI) announced a $14.0 million repurchase of 6.00% first lien notes due November 1, 2026 for approximately $12.0 million, representing a discount to par value. The transaction is expected to close on November 17, 2023. This move is part of the company's strategy to opportunistically reduce debt and improve its capital structure, as outlined by Chairman and CEO Michael Reed.
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Gannett and Home Solutions Announce Exclusive Agreement

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Gannett Co., Inc. (GCI) Announces Strategic Partnership with Home Solutions
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Gannett Announces Third Quarter 2023 Results & Updated Full Year Outlook

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Gannett Co., Inc. reported its financial results for Q3 2023. Operating income was $34.9 million, while the net loss attributable to Gannett was $2.6 million. Adjusted EBITDA increased by 15% YoY to $59.5 million. Cash provided by operating activities was $20.6 million, with free cash flow of $7.4 million. Debt repayment amounted to $65.3 million, bringing the first lien net leverage below 2.0x. Total digital revenues surpassed 40% of total revenues, growing 3% YoY on a same-store basis. Gannett expects continued digital revenue growth in Q4 2023.
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Gannett Schedules Third Quarter 2023 Results

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Gannett Co., Inc. to release Q3 2023 financial results on November 2nd
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Gannett and Jackpocket Announce Exclusive Agreement

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Jackpocket becomes official digital lottery courier of USA TODAY Network, reaching a broad audience and providing a convenient way to order lottery tickets from phones.
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Gannett Announces Additional Debt Reduction

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Gannett repurchased $15.0 million of 2026 Senior Notes for $13.1 million, receiving a discount to par value of 87.5%. The company received a waiver from lenders, reducing scheduled amortization payment by the repurchase amount. Gannett has repaid $115 million of debt YTD and aims to repay over $130 million by end of 2023, reducing first lien net leverage below 2.0x.
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FAQ

What is the current stock price of Gannett Co. (GCI)?

The current stock price of Gannett Co. (GCI) is $5.09 as of December 26, 2024.

What is the market cap of Gannett Co. (GCI)?

The market cap of Gannett Co. (GCI) is approximately 757.0M.

What is Gannett Co., Inc. known for?

Gannett Co., Inc. is primarily known for its publication USA TODAY and its extensive local media and digital marketing services.

How many local media organizations does Gannett operate?

Gannett operates 92 local media organizations across 33 states and Guam.

What are the main business segments of Gannett Co., Inc.?

The main business segments are Domestic Gannett Media, Newsquest, and Digital Marketing Solutions.

How many unique visitors access Gannett’s content monthly?

More than 95 million unique visitors access Gannett’s content each month.

Which segment contributes the most to Gannett’s revenue?

The Domestic Gannett Media segment contributes the most to Gannett’s revenue.

What kind of events does Gannett produce annually?

Gannett produces over 350 annual events, including themed expos and community gatherings.

What is the reach of Gannett's U.S. newspapers?

Gannett's U.S. newspapers reach an additional audience of 9 million readers every weekday.

What companies are included in Gannett’s digital marketing services?

Gannett’s digital marketing services include companies like ReachLocal and WordStream.

How does Gannett maintain its relevance in the media industry?

Gannett leverages advancements in technology, digital media, and print publishing to maintain its relevance.

What is Newsquest's role within Gannett?

Newsquest oversees more than 160 local news brands online in the U.K.

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Gannett Co., Inc.

NYSE:GCI

GCI Rankings

#2768 Ranked by Market Cap
N/A Ranked by Dividends

GCI Stock Data

756.95M
140.14M
4.93%
79.16%
8.2%
Publishing
Newspapers: Publishing Or Publishing & Printing
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United States of America
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