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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.

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The USA TODAY Network, part of Gannett Co. (NYSE: GCI), announced the recipients of national grants through its 'A Community Thrives' program, awarding over $6 million to non-profits across the U.S. This initiative supports local community improvement efforts and encourages non-profits to promote their initiatives through a national platform. The $2.3 million in grants includes $800,000 in national project grants, $1.3 million in local operating grants, and $200,000 in fundraising incentives, with additional crowdfunding through Mightycause raising $3.7 million.

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Gannett Co., Inc. (NYSE: GCI) will release its third quarter 2022 financial results on November 3, 2022, before the NYSE opens. The management will host a conference call at 8:30 A.M. ET the same day, accessible via phone or a webcast on their Investor Relations website. A replay will be available until November 17, 2022. Gannett is focused on subscription-led digital media and marketing solutions, reaching communities nationwide through its various platforms including USA TODAY and local media organizations.

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Gannett Co., Inc. (NYSE: GCI) announced a repurchase of approximately $24.8 million in 6.00% first lien notes for $19.9 million after June 30, 2022. The company repaid $55.0 million of debt, supported by asset sales totaling $34.7 million. Gannett anticipates real estate sales between $65 million and $75 million for 2022. Since acquiring legacy Gannett in November 2019, it has reduced debt by over $585 million.

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Gannett Co., Inc. (NYSE: GCI) celebrates the 40th anniversary of USA TODAY, which was first published on September 15, 1982. The publication is recognized for its vibrant, accessible journalism and impact on the media landscape. To mark this milestone, USA TODAY has revamped its print and digital offerings, enhancing user experience with features like ‘To the point’ content and improved personalization. A special $40 annual subscription offer is also available, alongside a commemorative merchandise collection.

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Gannett Co., Inc. (NYSE: GCI) has launched a new advertising campaign for its LocaliQ digital marketing solutions titled 'Seize Your Potential.' The campaign showcases testimonials from four small businesses in different sectors, highlighting their growth through LocaliQ's marketing platform. LocaliQ is designed to enhance customer engagement using data-driven insights and marketing automation. The campaign will run in select markets, including Austin and Nashville, through early November, promoting LocaliQ's aim to empower local businesses.

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Gannett Co., Inc. (NYSE: GCI) announced participation by its Chairman and CEO Michael Reed, along with Digital Marketing Solutions President Kris Barton, at Citi’s 2022 Global Technology Conference on September 9, 2022, at 10:30 a.m. ET in New York. The presentation will be accessible through the Investor Relations section of Gannett’s website and archived for 90 days. Gannett is a digitally-focused media and marketing solutions company that reaches millions with its Pulitzer Prize-winning content and operates local media across the U.S. and the U.K.

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The Weather Channel has partnered with Tripadvisor and USA TODAY to offer premium subscription bundles that save consumers time and money. These bundles allow users to manage their Weather Channel Premium Pro subscription alongside Tripadvisor Plus or USA TODAY's Digital All-Access plan in one place. The Tripadvisor Plus subscription includes exclusive pricing on over 100,000 hotels and additional travel perks. The combined price for these subscriptions is $89.99 for Tripadvisor and $79.99 for USA TODAY, providing significant yearly savings. The initiative aims to enhance user convenience and value.

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Gannett Co., Inc. (GCI) reported its second quarter 2022 results, highlighting a 35% growth in digital-only paid subscribers to a record 1.87 million, alongside digital revenues reaching $261.8 million, representing 35% of total revenues. Despite the achievements, total revenues decreased 6.9% year-over-year to $748.7 million, with a net loss of $53.7 million. The company is adjusting its full-year outlook, forecasting revenues between $2.95 billion and $3.0 billion amid ongoing economic challenges.

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Gannett Co., Inc. (NYSE: GCI) will release its second quarter 2022 financial results on August 4, 2022, before the stock market opens. A conference call will take place the same day at 8:30 A.M. Eastern Time, accessible to all interested parties. To join, dial 1-877-451-6152 (U.S.) or 1-201-389-0879 (international). A webcast will also be available on Gannett's Investor Relations website. A replay of the call will be available until August 18, 2022.

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FAQ

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

The current stock price of Gannett Co. (GCI) is $5.38 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.

Gannett Co., Inc.

NYSE:GCI

GCI Rankings

GCI Stock Data

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