Welcome to our dedicated page for Gannett news (Ticker: GCI), a resource for investors and traders seeking the latest updates and insights on Gannett stock.
Gannett Co., Inc. news reflects its completed transition to USA TODAY Co., Inc., the publisher behind USA TODAY and the USA TODAY Network of more than 200 local publications. Coverage centers on national and local news operations, digital audience products, newsletters, newsroom leadership, and branded editorial programs such as Ad Meter, Movie Meter, and Women of the Year.
Company updates also cover quarterly results, digital revenue trends, Digital Marketing Solutions activity, cost actions, debt reduction, AI licensing arrangements, and the corporate name and ticker change from Gannett and GCI to USA TODAY Co. and TDAY.
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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.