Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through two segments, Publishing and Digital Marketing Solutions. The company's principal products include 253 daily newspapers with total paid circulation of approximately 2.6 million and Sunday circulation of 3.0 million; 308 weekly newspapers with total circulation of approximately 1.6 million; and 375 locally-focused websites. Its principal products also comprise 121 daily and weekly news media brands and approximately 100 magazines, and related digital platforms; USATODAY.com and mobile applications, and sports network, as well as Reviewed.com, an affiliate marketing service; and USA TODAY NETWORK, a community events platform. The company also offers digital marketing solutions, such as online presence solutions, online advertising products, conversion software, and cloud-based software solutions. In addition, it produces niche publications that address specific local market interests, such as recreation, sports, healthcare, and real estate. Further, the company offers local market news and information, as well as advertising and subscriptions, and commercial printing and distribution services; and prints commercial materials, including flyers, business cards, and invitations. The company was formerly known as New Media Investment Group Inc. and changed its name to Gannett Co., Inc. in November 2019. Gannett Co., Inc. was founded in 1906 and is headquartered in McLean, Virginia.
IPO Year: 2014
Exchange: NYSE
Website: gannett.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/17/2024 | $5.09 | Sell → Neutral | Citigroup |
| 8/28/2024 | Neutral → Sell | Citigroup | |
| 7/1/2024 | $6.00 | Mkt Outperform | JMP Securities |
| 5/24/2024 | $1.95 → $3.60 | Sell → Neutral | Citigroup |
| 12/12/2023 | $5.00 | Buy | Compass Point |
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
Citigroup upgraded Gannett from Sell to Neutral and set a new price target of $5.10
Citigroup downgraded Gannett from Neutral to Sell
JMP Securities initiated coverage of Gannett with a rating of Mkt Outperform and set a new price target of $6.00
Citigroup upgraded Gannett from Sell to Neutral and set a new price target of $3.60 from $1.95 previously
Compass Point initiated coverage of Gannett with a rating of Buy and set a new price target of $5.00
Citigroup resumed coverage of Gannett with a rating of Sell and set a new price target of $3.80
Citigroup resumed coverage of Gannett with a rating of Sell
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today reported its financial results for the third quarter ended September 30, 2024. "We continued to make solid progress on our key priorities in the third quarter while delivering another quarter of year-over-year Adjusted EBITDA growth. Three out of four digital revenue categories experienced further trend improvement year-over-year, and as a result, total digital revenues surpassed 45% of total revenues, representing an all-time high. These results reinforce our belief that we have created a sustainable pathway for ongoing growth moving forward. We also significantly increased our free cash flow by 168% year-
Gannett Co., Inc. ("Gannett") (NYSE:GCI) announced today that it will release its third quarter 2024 financial results on Thursday, October 31, 2024, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, October 31, 2024 at 8:30 A.M. Eastern Time to review the financial and operating results for the period. A copy of the earnings release will be posted to the Investor Relations section of Gannett's website, investors.gannett.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-888-506-0062 (from within the U.S.) or 1-973-528-0011 (from outside of the U.S.) ten minutes pri
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today reported its financial results for the second quarter ended June 30, 2024. "We are pleased to report another strong quarter of financial results. In fact, our operational execution led to year-over-year growth in Adjusted EBITDA and further improvement to our same store revenue trends. Same store revenue trends improved sequentially for the sixth consecutive quarter, and we remain on track and expect to hit the revenue growth inflection point as we exit 2024. Each of our digital revenue streams continued to grow over the prior year, and as a result, total digital revenues now account for 44% of total reven
Gannett Co., Inc. ("Gannett") (NYSE:GCI) announced today that it will release its second quarter 2024 financial results on Thursday, August 1, 2024, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, August 1, 2024 at 8:30 A.M. Eastern Time to review the financial and operating results for the period. A copy of the earnings release will be posted to the Investor Relations section of Gannett's website, investors.gannett.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-888-506-0062 (from within the U.S.) or 1-973-528-0011 (from outside of the U.S.) ten minutes prior
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today reported its financial results for the first quarter ended March 31, 2024. "Our first quarter results reflect an excellent start to the year. Year-over-year revenue trends were a bright spot in the quarter, reflecting the most pronounced sequential improvement in nearly three years. This top line momentum gives us confidence in our belief that we'll exit 2024 with total revenues growing over the prior year. Equally important, we continued to expand our audience, improve engagement, and grow digital revenues through diversified channels. As a result, total digital revenues increased 8% year-over-year and ac
Gannett Co., Inc. ("Gannett") (NYSE:GCI) announced today that it will release its first quarter 2024 financial results on Thursday, May 2, 2024, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, May 2, 2024 at 8:30 A.M. Eastern Time to review the financial and operating results for the period. A copy of the earnings release will be posted to the Investor Relations section of Gannett's website, investors.gannett.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-888-506-0062 (from within the U.S.) or 1-973-528-0011 (from outside of the U.S.) ten minutes prior to the
Gannett Co., Inc. ("Gannett") (NYSE:GCI) announced today that it will release its fourth quarter 2023 financial results on Thursday, February 22, 2024, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, February 22, 2024 at 8:30 A.M. Eastern Time to review the financial and operating results for the period. A copy of the earnings release will be posted to the Investor Relations section of Gannett's website, investors.gannett.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-877-451-6152 (from within the U.S.) or 1-201-389-0879 (from outside of the U.S.) ten minutes
Operating Income of $34.9 million; Net Loss Attributable to Gannett of $2.6 million Adjusted EBITDA(1) of $59.5 million, up 15% Year-over-Year Cash Provided by Operating Activities of $20.6 million; Free Cash Flow(1) of $7.4 million Repaid $65.3 million in Debt; First Lien Net Leverage Below 2.0x Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today reported its financial results for the third quarter ended September 30, 2023. "In the third quarter, we drove significant improvement to our bottom line, along with sustained growth in both Adjusted EBITDA(1) and total digital revenues. Furthermore, for the third consecutive quarter, we achieved a se
Gannett Co., Inc. ("Gannett") (NYSE:GCI) announced today that it will release its third quarter 2023 financial results on Thursday, November 2, 2023, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, November 2, 2023 at 8:30 A.M. Eastern Time. A copy of the earnings release will be posted to the Investor Relations section of Gannett's website, investors.gannett.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-877-451-6152 (from within the U.S.) or 1-201-389-0879 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "Gan
Operating Income of $13.5 million; Net Loss Attributable to Gannett of $12.7 million Adjusted EBITDA(1) of $71.2 million, up 40% Year-over-Year Cash Provided by Operating Activities of $46.1 million, up 250% Year-over-Year, Free Cash Flow(1) of $38.4 million, up 189% Year-over-Year Total Digital Revenues returned to growth in Q2; expect further improvement to digital growth trend in Q3 Improving Digital-only subscription monetization; Digital-only ARPU(2) up 6% Year-over-Year to $6.35 DMS achieved record high core platform revenues(3) and ARPU(2); sequential improvement to customer count(2) Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today repor
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Gannett Co., Inc. ("Gannett", "we", "our", or the "Company") (NYSE:GCI) today announced that it will present virtually at the 27th Annual Needham Growth Conference on Friday, January 17, 2025 at 9:30 am ET. Presenters will include its Chairman and Chief Executive Officer, Michael Reed, and its Chief Financial Officer, Doug Horne. The video webcast of the conference will be accessible through the Investor Relations section of our website under the News and Events – Event Calendar section and will remain archived there for 90 days from the respective date of the presentation. About Gannett Gannett Co., Inc. (NYSE:GCI) is a diversified media company with expansive reach at the national a
Feeds of ready-to-publish content including images, text and video available to media companies NEW YORK, Jan. 2, 2025 /PRNewswire/ -- Reuters and Gannett Co., Inc. (NYSE:GCI) today announced an agreement to provide media brands and publishers with a unique offering that includes ready-to-publish local, regional, state, national and international multimedia news and content. The new offering will combine Reuters extensive national and international coverage with Gannett's USA TODAY Network coverage of local news from more than 200 publications across the country. This enables media companies to focus their efforts on the stories that matter most to their communities, while relying on Reuters
Feeds of ready-to-publish content including images, text and video available to media companies Gannett Co., Inc. (NYSE:GCI) and Reuters today announced an agreement to provide media brands and publishers with a unique offering that includes ready-to-publish local, regional, state, national and international multimedia news and content. The new offering will combine Reuters extensive national and international coverage with Gannett's USA TODAY Network coverage of local news from more than 200 publications across the country. This enables media companies to focus their efforts on the stories that matter most to their communities, while relying on Reuters and the USA TODAY Network for relev
Empowering movie aficionados and consumers to rate their winning "Film of the Year" USA TODAY, part of Gannett Co., Inc. (NYSE:GCI), announced its first-ever USA TODAY Movie Meter, a new platform that engages movie enthusiasts to rate which film deserves the "Film of the Year" designation. USA TODAY Movie Meter harnesses the opinions of the public, not industry insiders, to rate the year's most beloved film based on the movies nominated by the Academy of Motion Picture Arts and Sciences for the Academy Awards. From February 12, 2025 through March 3, 2025 at 1 a.m. EST, registered Movie Meter participants will watch the nominated movie trailers and rate all the eligible movies on a scale
Gannett Co., Inc. ("Gannett", "we", "our", or the "Company") (NYSE:GCI) today announced that its Chairman and Chief Executive Officer, Michael Reed, and its Chief Financial Officer, Doug Horne, will participate at the following conference: UBS Global Media and Communications Conference Monday, December 9, 2024 One-on-one investor meetings throughout the day New York, New York About Gannett Gannett Co., Inc. (NYSE:GCI) is a diversified media company with expansive reach at the national and local level dedicated to empowering and enriching communities. We seek to inspire, inform, and connect audiences as a sustainable, growth focused media and digital marketing solutions company. We end
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today reported its financial results for the third quarter ended September 30, 2024. "We continued to make solid progress on our key priorities in the third quarter while delivering another quarter of year-over-year Adjusted EBITDA growth. Three out of four digital revenue categories experienced further trend improvement year-over-year, and as a result, total digital revenues surpassed 45% of total revenues, representing an all-time high. These results reinforce our belief that we have created a sustainable pathway for ongoing growth moving forward. We also significantly increased our free cash flow by 168% year-
Gannett Co., Inc. ("Gannett", "we", "our", or the "Company") (NYSE:GCI) announced today that its previously announced (a) offer to exchange (the "Exchange Offer") any and all outstanding 6.000% Senior Secured Notes due 2026 (the "Notes") of its wholly-owned subsidiary, Gannett Holdings LLC ("Gannett Holdings"), and (b) the related consent solicitation made by Gannett and Gannett Holdings (the "Consent Solicitation") to adopt certain amendments to the indenture governing the Notes (the "Proposed Amendments"), expired at 5:00 p.m., New York City time, on October 25, 2024. The initial settlement for the Notes that were validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New
Gannett Co., Inc. ("Gannett") (NYSE:GCI) announced today that it will release its third quarter 2024 financial results on Thursday, October 31, 2024, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, October 31, 2024 at 8:30 A.M. Eastern Time to review the financial and operating results for the period. A copy of the earnings release will be posted to the Investor Relations section of Gannett's website, investors.gannett.com. All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-888-506-0062 (from within the U.S.) or 1-973-528-0011 (from outside of the U.S.) ten minutes pri
Gannett Co., Inc. ("Gannett", "we", "our", or the "Company") (NYSE:GCI) announced today the initial closing of its previously announced debt refinancing transactions that extend our debt maturities and significantly reduce future dilution from the Company's 6.000% Senior Secured Convertible Notes due 2027 (the "2027 Convertible Notes"). "We are pleased to announce the successful closing of our refinancing transactions, which mark an important step in strengthening Gannett's capital structure," said Michael Reed, Chairman and Chief Executive Officer. "This achievement extends our debt maturities, reduces future dilution from the 2027 Convertible Notes, and provides us with increased financi
Gannett Co., Inc. ("Gannett", "we", "our", or the "Company") (NYSE:GCI) announced today the preliminary results of early participation in connection with its previously announced (a) offer to exchange (the "Exchange Offer") any and all outstanding 6.000% Senior Secured Notes due 2026 of its wholly-owned subsidiary, Gannett Holdings LLC ("Gannett Holdings"), as set forth in the table below (the "Notes"), for, at the election of each holder of Notes, either (i) (A) first lien term loans (the "Term Loans") of Gannett Holdings and (B) an upfront fee equal to 1.5% of such Term Loans (together with the Term Loans, the "Loan Option Consideration"); or (ii) cash (the "Cash Option Consideration"), a
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LAS VEGAS, June 13, 2024 /PRNewswire/ -- SEICon LLC, a first-of-its-kind conference featuring 120 thought leaders and subject matter experts from the sports, entertainment, and innovation sectors, is pleased to announce USA TODAY Sports as its presenting sponsor in collaboration with UNLV Sports Innovation Institute and Syracuse University's Falk College of Sport and Human Dynamics. SEICon 2024 is pleased to announce USA TODAY Sports as its presenting sponsor.The inaugural three-day conference will be held at the Virgin Hotels Las Vegas from July 15-17, 2024. Attendees will ha
Digital Product Leader Maha Al-Emam Nominated to Join the Board in June Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today announced that its Board of Directors has nominated Maha Al-Emam , a former advisor for Warner Bros. Discovery Global Brand Franchise and also formerly a digital product leader at Apple, Inc., NBCUniversal Media, LLC, and Bloomberg, LP, for election to the Company's Board of Directors at its upcoming annual meeting of stockholders on June 3, 2024. If elected, Ms. Al-Emam will join the Board of Directors as of such date. In addition, Maria M. Miller will not stand for re-election at Gannett's 2024 Annual Meeting of Stockholders. This p
Richardson brings 30 years of experience in journalism and numerous accolades to Gannett Gannett Co., Inc. (NYSE:GCI) today announced Monica R. Richardson will join Gannett to lead USA TODAY's award-winning newsroom as Senior Vice President effective April 1. Reporting to the Chief Content Officer, Richardson will work closely to extend the reach of the Nation's Newspaper and invigorate USA TODAY's portfolio. Richardson most recently served as Vice President of Local News and Large Markets for McClatchy. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240223710950/en/Monica Richardson, USA TODAY Senior Vice President (Photo: Bu
Featuring Musical Guest Jason Derulo USA TODAY NETWORK Ventures, part of Gannett Co., Inc. (NYSE:GCI) announces The Legends Party, in partnership with the National Football League Alumni Association and USA TODAY. Celebrate the Big Game weekend with legendary players Hines Ward, Matt Ryan, Malcom Jenkins and LeSean McCoy, special guest host Abby Labar, entertainment by DJ Shapeshftr and headlining musical superstar Jason Derulo on Friday, February 9 from 8:00 p.m. – 1:00 a.m. (PST) at AREA15 in Las Vegas, NV. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240124141392/en/ In celebration of the Big Game, the evening begins wit
Rackiewicz most recently served as Chief Data Officer for Gannett and is recognized globally for his 20+ years of Data Science, Analytics, and Engineering Leadership across media verticals Reset Digital, today announced the appointment of Nate V. Rackiewicz as Chief Data Officer, a newly-created role overseeing the company's vision, strategy, and execution of data, analytics, and science across the neuroprogrammatic leader's business. Reset Digital's NeuroprogrammaticTM advertising platform is a first-of-its-kind programmatic platform that allows brands to engage omnichannel audiences based on what motivates them as people versus targets and gives brands and publishers much broader and de
MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE: GCI) today announced the appointment of Vinayak Hegde as an independent director to the Company’s Board of Directors (the “Board”), effective February 15, 2021. “We are excited to welcome Vinayak to our Board,” said Michael Reed, Chairman and Chief Executive Officer of Gannett. “He brings significant digital and operational experience to our Board, which will be highly valuable to both our management team and strategy goals. We look forward to having his diverse perspectives as we continue on our transformation journey.” Mr. Hegde is currently the President and Chief Operating