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 |
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
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
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
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) announced today that the Company and its wholly-owned subsidiary, Gannett Holdings LLC ("Gannett Holdings") have commenced an offer to eligible holders to exchange (the "Exchange Offer") any and all outstanding 6.000% Senior Secured Notes due 2026 of Gannett Holdings, as set forth in the table below (the "Notes"), for, at the election of each holder of Notes, either (a) (i) first lien term loans (the "Term Loans") of Gannett Holdings and (ii) an upfront fee equal to 1.5% of such Term Loans (together with the Term Loans, the "Loan Option Consideration"); or (b) cash (the "Cash Option Consideration"). The following
Gannett Co., Inc. (NYSE:GCI) today announced the promotion of Caren Bohan to USA TODAY Editor in Chief, overseeing USA TODAY Network's flagship national publication. Her role is effective immediately, reporting to Monica Richardson, Senior Vice President of USA TODAY. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240920617177/en/Caren Bohan (Photo: Business Wire) Bohan is a seasoned newsroom executive with over 30 years of news experience including more than a decade as a newsroom leader. She began her career at Reuters where she spent 20 years, serving as a financial and economics correspondent, and later as a White House corre
BetMGM preferred source for sports betting odds across the USA TODAY Network Gannett Co., Inc. (NYSE:GCI) today announced a multi-year strategic partnership with BetMGM, a leading sports betting and iGaming operator. As part of the agreement, BetMGM will serve as the preferred online sportsbook and casino partner for USA TODAY Sports providing sports betting odds and betting information across the expansive USA TODAY Network in more than 200 local U.S. markets across 43 states with more than 300 digital news and media brands in the portfolio. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916827292/en/ "We are thrilled to ann
Poll Ranks Top 25 Girls Flag Football High School Teams in the Country USA TODAY Sports, part of Gannett Co., Inc. and the National Football League (NFL), announced today the launch of the USA TODAY Sports Super 25 Girls Flag Football High School Poll. The weekly poll ranks the top 25 girls flag football teams competing in the 2024 fall season. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240912519312/en/ The USA TODAY Sports Super 25 Girls Flag Football poll will be ranked by a panel of USA TODAY Network writers, in coordination with data provided by the NFHS Network, from seven of the 12 sanctioned states that offer girls hi
Gannett Co., Inc. ("Gannett", "we", "us", "our", or the "Company") (NYSE:GCI) today announced that from the beginning of the third quarter through the close of business on September 9, 2024, the Company expects to have sold approximately $13.0 million in real estate and non-strategic asset sales, including the proceeds from the sale of certain businesses. Proceeds from the asset sales are expected to be used to repay approximately $13.0 million of our five-year senior secured term loan facility. "With these most recent asset sales, we expect to reduce our debt by $53 million year-to-date, and we believe we remain on track to repay at least $110 million for the full year. We expect to cont
10-Q - Gannett Co., Inc. (0001579684) (Filer)
8-K - Gannett Co., Inc. (0001579684) (Filer)
8-K - Gannett Co., Inc. (0001579684) (Filer)
8-K - Gannett Co., Inc. (0001579684) (Filer)
8-K - Gannett Co., Inc. (0001579684) (Filer)
10-Q - Gannett Co., Inc. (0001579684) (Filer)
8-K - Gannett Co., Inc. (0001579684) (Filer)
S-8 POS - Gannett Co., Inc. (0001579684) (Filer)
8-K - Gannett Co., Inc. (0001579684) (Filer)
10-Q - Gannett Co., Inc. (0001579684) (Filer)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
SC 13G - Gannett Co., Inc. (0001579684) (Subject)
SC 13G - Gannett Co., Inc. (0001579684) (Subject)
SC 13G/A - Gannett Co., Inc. (0001579684) (Subject)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
4 - Gannett Co., Inc. (0001579684) (Issuer)
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
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
Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google reversed its long-standing plan to eliminate cookies in its Chrome browser due to industry and regulatory pushback. Advertisers and publishers use cookies and small text snippets to identify users and target ads. This decision follows objections from digital advertising companies and regulators to Google’s proposed alternative technologies. Ad-tech players protested, accusing Google of attempting to strengthen its monopoly in the space and making it more difficult for advertisers to track their ads’ performance. Instead of eliminating cookies, Google will now prompt Chrome users to decide whether to enable or disable cookies.
Gannett Co Inc (NYSE:GCI) shares were climbing in early trading on Monday. The company has several catalysts for digital revenue growth and margin expansion, which should take the stock closer to peer average multiples, according to JMP Securities. The Gannett Analyst: Matthew Condon initiated coverage of Gannett with a Market Outperform rating and a price target of $6. The Gannett Thesis: Transitioning from a legacy news business to digital media should help the company to return to growth, Condon said in the initiation note. Check out other analyst stock ratings. Gannett expects digital to reach 50% of total revenue in 2025, the analyst stated. "Key initiatives to drive digi
JMP Securities analyst Matthew Condon initiates coverage on Gannett Co (NYSE:GCI) with a Market Outperform rating and announces Price Target of $6.
U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Monday. Shares of AMC Networks Inc. (NASDAQ:AMCX) fell sharply in today's pre-market trading after the company announced a private offering of $125 million of convertible senior notes. AMC Networks shares dipped 9.4% to $14.24 in pre-market trading. Here are some big stocks recording losses in today's pre-market trading session. Evotec SE (NYSE:EVO) shares fell 7.7% to $4.20 in pre-market trading. Absci Corporation (NASDAQ:ABSI) declined 5.8% to $3.75 in pre-market trading after declining around 9% on Friday. Humacyte, Inc. (NASDAQ:HUMA) fell 5.7% to $6.65 in pre-market trading.
U.S. stocks were higher, with the Nasdaq Composite gaining around 80 points on Friday. Shares of Deckers Outdoor Corporation (NYSE:DECK) rose sharply during Friday's session after the company reported better-than-expected quarterly financial results. Deckers Outdoor reported quarterly earnings of $4.95 per share which beat the analyst consensus estimate of $2.90 by 70.69%. Quarterly sales clocked in at $959.758 million, beating the analyst consensus estimate of $887.548 million by 8.14% and representing a 21.25% increase over sales of $791.571 million from the same period last year, according to data from Benzinga Pro. Deckers Outdoor shares climbed 11.6% to $1,009.99 on Friday.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Mizuho analyst Vijay Rakesh upgraded the rating for NXP Semiconductors N.V. (NASDAQ:NXPI) from Neutral to Buy, while increasing the price target from $265 to $325. NXP Semiconductors shares fell 2.2% to close at $272.72 on Thursday. See how other analysts view this stock. Stifel analyst J. Bruce Chan upgraded Saia, Inc. (NASDAQ:SAIA) from Hold to Buy, but slashed the price target from $526 to $475. Saia shares gained 0.8% to settle at $380.25 on Thursday. See how other analysts view this stock.
Citigroup analyst Jason Bazinet upgrades Gannett Co (NYSE:GCI) from Sell to Neutral and raises the price target from $1.95 to $3.6.
U.S. stocks were higher, with the Dow Jones index gaining over 50 points on Thursday. Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) rose sharply during Thursday's session after the company reported better-than-expected first-quarter financial results. C.H. Robinson Worldwide posted adjusted earnings of 86 cents per share, beating market estimates of 82 cents per share. The company's quarterly sales came in at $4.412 billion versus expectations of $4.269 billion, according to data from Benzinga Pro. C.H. Robinson Worldwide shares jumped 16.8% to $84.24 on Thursday. Here are some other big stocks recording gains in today's session. Aspen Aerogels, Inc. (NYSE:ASPN) jumpe
Gannett Co (NYSE:GCI) reported quarterly losses of $(0.26) per share which beat the analyst consensus estimate of $(0.36) by 27.78 percent.