Gannett Co Stock Price, News & Analysis

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.

Gannett Co., Inc. (NYSE: GCI) has launched the 35th annual Ad Meter competition, allowing consumers to rate Super Bowl LVII commercials. This year, the program features interactive elements and video programming, sponsored by Kia Motors and supported by Doritos. Participants can rate ads through February 13, with the winner announced on the same day. Gannett continues to innovate in media, connecting audiences with top advertisers to showcase creativity in commercials. The Ad Meter reflects Gannett's commitment to engaging its audience through digital platforms and live events, further positioning USA TODAY as a leading opinion source in advertising.

Gannett Co. (NYSE: GCI) has announced a multi-year strategic partnership with Gambling.com Group (NASDAQ: GAMB), aimed at enhancing its digital media capabilities in the online sports betting and iGaming sectors. This collaboration will leverage Gannett's expansive USA TODAY Network to deliver expert insights and betting content to sports enthusiasts across the U.S. The partnership is expected to be accretive to Gannett's EBITDA and free cash flow, especially as more states regulate online gambling. The integration will utilize Gambling.com’s proprietary data science platform, offering real-time betting analysis and reviews across various media platforms.

Gannett Co., Inc. (NYSE: GCI) announced the use of $21.3 million from real estate sales in January 2023 to reduce its first lien debt by $22.3 million. This included repurchasing $6.1 million of 6.00% first lien notes due November 2026. The company aims to sell an additional $50 million to $60 million in assets this year, targeting an overall debt reduction of $120 million. Gannett's CEO, Michael Reed, emphasized the progress in debt reduction and improving the capital structure.

Gannett Co., Inc. (NYSE: GCI) announces the upcoming PLANTERS® brand Legends Party in celebration of the Big Game, featuring Grammy winner Nelly. The event is hosted by former NFL stars Rob Gronkowski and Vernon Davis, with a comedy roast of NFL alumni set for February 10 at Gila River Resorts & Casino in Chandler, AZ. VIP guests will enjoy premium cocktails, entertainment, and special guests. Additionally, a charity blackjack tournament will occur on February 9. This event aims to enhance community engagement through sports and entertainment, aligning with Gannett's mission to empower communities.

Reset Digital has appointed Nate V. Rackiewicz as Chief Data Officer to spearhead data and analytics strategy. Previously, he served as Chief Data Officer for Gannett (NYSE: GCI), where he led data initiatives across all business units. Rackiewicz is known for building analytics capabilities at Take-Two Interactive (NASDAQ: TTWO) and innovating at HBO. His leadership is expected to enhance Reset Digital's unique Neuroprogrammatic advertising platform, addressing the trust deficit in the advertising space while providing inclusive outcomes for diverse audiences.