Gannett Co., Inc. - GCI STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

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.