Gannett Co Inc Stock Price, News & Analysis

Gannett Co., Inc. (NYSE: GCI) announced its plan to release its first quarter 2023 financial results on May 4, 2023, before the NYSE opens. A conference call hosted by management will take place at 8:30 A.M. Eastern Time on the same day. Interested participants can join the call by dialing the provided numbers or access it via a webcast available on Gannett's Investor Relations website. A telephonic replay of the conference call will be available after completion until May 18, 2023. Gannett is known for its subscription-led and digitally-focused media and marketing solutions, reaching audiences through its diverse portfolio, including the USA TODAY NETWORK and the LocaliQ brand, which supports small and medium-sized businesses in marketing.

Gannett Co., Inc. (NYSE: GCI) has announced the 2023 Women of the Year honorees, recognizing individuals who have shattered barriers and inspired change in their communities. Honorees include prominent figures such as Goldie Hawn, Michelle Obama, and astronaut Nicole Mann. Gannett emphasizes the importance of these trailblazers in promoting conversations around stereotypes and breaking social norms. Interviews with honorees will be featured in local publications starting March 19, while national profiles will appear in USA TODAY from March 20 to March 31. A special streaming program will debut on March 31.

Gannett Co., Inc. (NYSE: GCI) announced the appointment of Kristin Roberts as Chief Content Officer (CCO) effective March 27. With over 20 years of experience, including her tenure at McClatchy, Roberts will drive Gannett's digital transformation and content strategy across USA TODAY and its network of over 200 local publications. Her role aims to enhance the audience experience and monetize content effectively. Gannett's Chairman and CEO, Michael Reed, expressed enthusiasm for her innovative approach to storytelling and expertise in audience growth.

Pit Boss® Grills will serve as the lead entitlement sponsor for the Pit Boss 250 presented by USA TODAY, part of the NASCAR tripleheader weekend at Circuit of The Americas in Austin, Texas, from March 24-26. The race is scheduled for Saturday, March 25, at 4 p.m. CT and will feature a 46-lap competition on a 3.41-mile course. The partnership with USA TODAY is new, while Pit Boss continues its five-year sponsorship with NASCAR. Events include various races and hospitality opportunities for fans.

Gannett Co. reported a strong fourth quarter for 2022, achieving a 24% year-over-year increase in digital-only paid subscriptions, reaching 2.03 million. Digital circulation revenues rose 29% to $35.5 million. Despite total revenues of $730.7 million reflecting an 11.6% decline from Q4 2021, adjusted EBITDA showed a significant sequential improvement of 74.1%. The company repaid $47.3 million in debt, concluding the year with $94 million in cash. For 2023, Gannett forecasts revenues between $2.75B to $2.80B and an adjusted EBITDA of $280M to $300M, aiming for improved cash flow and further debt reduction.

Gannett Co., Inc. (NYSE: GCI) announced that The Farmer’s Dog won the 35th USA TODAY Ad Meter competition, achieving the highest average score of 6.56 with its Super Bowl commercial titled 'Forever.' This annual event, measuring public sentiment for Super Bowl ads, involved over 150,000 ratings from registered panelists from February 8 to February 13. The top ads included notable brands like NFL and Amazon, with scores ranging from 6.38 to 6.26. Gannett's Ad Meter has been recognized for 35 years as a leading consumer engagement platform, highlighting effective advertising strategies in the competitive market.

Gannett Co., Inc. (NYSE: GCI) will release its fourth quarter 2022 financial results on February 23, 2023, before the market opens. A conference call will follow at 8:30 A.M. Eastern Time on the same day. Interested parties can join the call by dialing 1-877-451-6152 (U.S.) or 1-201-389-0879 (international) ten minutes prior, referencing the access code 13733333. The call will also be available via a live webcast. A telephonic replay will be accessible until 11:59 P.M. Eastern Time on March 9, 2023.