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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) has launched the 35th annual Ad Meter competition, allowing consumers to rate Super Bowl LVII commercials. This year, the program features interactive elements and video programming, sponsored by Kia Motors and supported by Doritos. Participants can rate ads through February 13, with the winner announced on the same day. Gannett continues to innovate in media, connecting audiences with top advertisers to showcase creativity in commercials. The Ad Meter reflects Gannett's commitment to engaging its audience through digital platforms and live events, further positioning USA TODAY as a leading opinion source in advertising.
Gannett Co. (NYSE: GCI) has announced a multi-year strategic partnership with Gambling.com Group (NASDAQ: GAMB), aimed at enhancing its digital media capabilities in the online sports betting and iGaming sectors. This collaboration will leverage Gannett's expansive USA TODAY Network to deliver expert insights and betting content to sports enthusiasts across the U.S. The partnership is expected to be accretive to Gannett's EBITDA and free cash flow, especially as more states regulate online gambling. The integration will utilize Gambling.com’s proprietary data science platform, offering real-time betting analysis and reviews across various media platforms.
Gannett Co., Inc. (NYSE: GCI) announced the use of $21.3 million from real estate sales in January 2023 to reduce its first lien debt by $22.3 million. This included repurchasing $6.1 million of 6.00% first lien notes due November 2026. The company aims to sell an additional $50 million to $60 million in assets this year, targeting an overall debt reduction of $120 million. Gannett's CEO, Michael Reed, emphasized the progress in debt reduction and improving the capital structure.
Gannett Co., Inc. (NYSE: GCI) announces the upcoming PLANTERS® brand Legends Party in celebration of the Big Game, featuring Grammy winner Nelly. The event is hosted by former NFL stars Rob Gronkowski and Vernon Davis, with a comedy roast of NFL alumni set for February 10 at Gila River Resorts & Casino in Chandler, AZ. VIP guests will enjoy premium cocktails, entertainment, and special guests. Additionally, a charity blackjack tournament will occur on February 9. This event aims to enhance community engagement through sports and entertainment, aligning with Gannett's mission to empower communities.
Reset Digital has appointed Nate V. Rackiewicz as Chief Data Officer to spearhead data and analytics strategy. Previously, he served as Chief Data Officer for Gannett (NYSE: GCI), where he led data initiatives across all business units. Rackiewicz is known for building analytics capabilities at Take-Two Interactive (NASDAQ: TTWO) and innovating at HBO. His leadership is expected to enhance Reset Digital's unique Neuroprogrammatic advertising platform, addressing the trust deficit in the advertising space while providing inclusive outcomes for diverse audiences.
Gannett Co., Inc. (NYSE: GCI) announces the inaugural AccessABILITY Awards to honor top products for consumers with disabilities. The event will take place on January 6, 2023, during the 2023 Consumer Electronics Show. Eight winning products, including innovations from Rendever, Biped, and Samsung, will be highlighted for their contributions to accessible design. The awards aim to spotlight industry leaders and inspire further innovation.
Gannett Co., Inc. (NYSE: GCI) launched a new appointment scheduling software through its Digital Marketing Solutions division, LocaliQ. This tool streamlines appointment management for small businesses, allowing them to customize scheduling links, integrate with Google Calendar, and manage appointments seamlessly. The software offers both a free version and a paid Scheduler Pro plan, providing a dashboard for easy appointment tracking and customer engagement. The initiative aims to support small business owners in managing their time effectively and improving customer service.
Gannett Co., Inc. (NYSE: GCI) has announced that its Chairman and CEO, Michael Reed, along with CFO Doug Horne, will participate in the UBS Global TMT Conference on December 5, 2022, in New York, New York. One-on-one investor meetings will occur throughout the day. Gannett, a subscription-led and digitally-focused media company, operates media assets including USA TODAY and local organizations across 45 states. They also own Newsquest in the UK and various digital marketing services.
Gannett Co., Inc. (NYSE: GCI) will participate in a virtual fireside chat at the BTIG Technology Innovation Summit on November 15, 2022, at 3:30 pm ET. The discussion will feature Chairman and CEO Michael Reed and President of Digital Marketing Solutions Kris Barton. This event is exclusively hosted for prospective and existing BTIG clients. Gannett is a subscription-led, digitally-focused media company, known for its extensive reach, including USA TODAY and over 150 local media brands in the U.S. and the U.K.
Gannett reported a 28.5% increase in digital-only paid subscribers, reaching 1.98 million as of September 30, 2022. The company achieved record digital marketing solutions revenues of $118.7 million with a 7.2% Adjusted EBITDA margin. In Q3 2022, total revenues decreased by 10.3% to $717.9 million, with a net loss of $54.1 million. Gannett repaid $24.3 million in debt during the quarter and aims for annualized cost savings of $200 million to $240 million. They project full-year revenues of $2.95B to $3.00B.
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