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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 Co., Inc. (NYSE: GCI) announced its plan to release its first quarter 2023 financial results on May 4, 2023, before the NYSE opens. A conference call hosted by management will take place at 8:30 A.M. Eastern Time on the same day. Interested participants can join the call by dialing the provided numbers or access it via a webcast available on Gannett's Investor Relations website. A telephonic replay of the conference call will be available after completion until May 18, 2023. Gannett is known for its subscription-led and digitally-focused media and marketing solutions, reaching audiences through its diverse portfolio, including the USA TODAY NETWORK and the LocaliQ brand, which supports small and medium-sized businesses in marketing.
Gannett Co., Inc. (NYSE: GCI) has announced the 2023 Women of the Year honorees, recognizing individuals who have shattered barriers and inspired change in their communities. Honorees include prominent figures such as Goldie Hawn, Michelle Obama, and astronaut Nicole Mann. Gannett emphasizes the importance of these trailblazers in promoting conversations around stereotypes and breaking social norms. Interviews with honorees will be featured in local publications starting March 19, while national profiles will appear in USA TODAY from March 20 to March 31. A special streaming program will debut on March 31.
Gannett Co., Inc. (NYSE: GCI) announced the appointment of Kristin Roberts as Chief Content Officer (CCO) effective March 27. With over 20 years of experience, including her tenure at McClatchy, Roberts will drive Gannett's digital transformation and content strategy across USA TODAY and its network of over 200 local publications. Her role aims to enhance the audience experience and monetize content effectively. Gannett's Chairman and CEO, Michael Reed, expressed enthusiasm for her innovative approach to storytelling and expertise in audience growth.
Pit Boss® Grills will serve as the lead entitlement sponsor for the Pit Boss 250 presented by USA TODAY, part of the NASCAR tripleheader weekend at Circuit of The Americas in Austin, Texas, from March 24-26. The race is scheduled for Saturday, March 25, at 4 p.m. CT and will feature a 46-lap competition on a 3.41-mile course. The partnership with USA TODAY is new, while Pit Boss continues its five-year sponsorship with NASCAR. Events include various races and hospitality opportunities for fans.
Gannett Co. reported a strong fourth quarter for 2022, achieving a 24% year-over-year increase in digital-only paid subscriptions, reaching 2.03 million. Digital circulation revenues rose 29% to $35.5 million. Despite total revenues of $730.7 million reflecting an 11.6% decline from Q4 2021, adjusted EBITDA showed a significant sequential improvement of 74.1%. The company repaid $47.3 million in debt, concluding the year with $94 million in cash. For 2023, Gannett forecasts revenues between $2.75B to $2.80B and an adjusted EBITDA of $280M to $300M, aiming for improved cash flow and further debt reduction.
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