STOCK TITAN
  1. Home
  2. News
  3. GCI

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

Gannett Earns Top Score in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
none
-
News

Gannett to Participate at the UBS Global Media and Communications Conference

Rhea-AI Summary
Gannett Co., Inc. (NYSE: GCI) Announces Participation in UBS Global Media and Communications Conference on December 4, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
Tags
conferences
-
News

Gannett Announces Ongoing Debt Reduction

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
none
News

Gannett and Home Solutions Announce Exclusive Agreement

Rhea-AI Summary
Gannett Co., Inc. (GCI) Announces Strategic Partnership with Home Solutions
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.15%
Tags
none
-
News

Gannett Announces Third Quarter 2023 Results & Updated Full Year Outlook

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.22%
Tags
earnings
-
News

Gannett Schedules Third Quarter 2023 Results

Rhea-AI Summary
Gannett Co., Inc. to release Q3 2023 financial results on November 2nd
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.36%
Tags
earnings
News

Gannett and Jackpocket Announce Exclusive Agreement

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.04%
Tags
none
-
News

Gannett Announces Additional Debt Reduction

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.14%
Tags
none
-
News

USA TODAY Sports Launches 2023 US LBM College Football Coaches Poll

Rhea-AI Summary
USA TODAY Sports launches the 2023 US LBM Coaches Poll in partnership with the AFCA. US LBM will sponsor the poll through 2026. The poll is voted on by AFCA-member Division I head coaches and results are published weekly. US LBM will present the US LBM AFCA Coaches’ Trophy to the team with the highest point total in the final poll. The sponsorship was organized by ISE. AFCA and USA TODAY Sports express excitement about the partnership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
none
News

Gannett to Present at Citi’s Global Technology Conference

Rhea-AI Summary
Gannett CEO to participate in Citi's 2023 Global Technology Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
conferences

FAQ

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

The current stock price of Gannett Co. (GCI) is $5.38 as of November 22, 2024.

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

The market cap of Gannett Co. (GCI) is approximately 781.3M.

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.

Stock GCI logo
Gannett Co., Inc.

NYSE:GCI

GCI Rankings

#2766 Ranked by Market Cap
N/A Ranked by Dividends

GCI Stock Data

781.28M
140.04M
5%
79.22%
10.29%
Publishing
Newspapers: Publishing Or Publishing & Printing
Link
United States of America
PITTSFORD