Gannett Co Stock Price, News & Analysis

Gannett Co., Inc. (NYSE: GCI) launched a new appointment scheduling software through its Digital Marketing Solutions division, LocaliQ. This tool streamlines appointment management for small businesses, allowing them to customize scheduling links, integrate with Google Calendar, and manage appointments seamlessly. The software offers both a free version and a paid Scheduler Pro plan, providing a dashboard for easy appointment tracking and customer engagement. The initiative aims to support small business owners in managing their time effectively and improving customer service.

Gannett Co., Inc. (NYSE: GCI) has announced that its Chairman and CEO, Michael Reed, along with CFO Doug Horne, will participate in the UBS Global TMT Conference on December 5, 2022, in New York, New York. One-on-one investor meetings will occur throughout the day. Gannett, a subscription-led and digitally-focused media company, operates media assets including USA TODAY and local organizations across 45 states. They also own Newsquest in the UK and various digital marketing services.

Gannett Co., Inc. (NYSE: GCI) will participate in a virtual fireside chat at the BTIG Technology Innovation Summit on November 15, 2022, at 3:30 pm ET. The discussion will feature Chairman and CEO Michael Reed and President of Digital Marketing Solutions Kris Barton. This event is exclusively hosted for prospective and existing BTIG clients. Gannett is a subscription-led, digitally-focused media company, known for its extensive reach, including USA TODAY and over 150 local media brands in the U.S. and the U.K.

Gannett reported a 28.5% increase in digital-only paid subscribers, reaching 1.98 million as of September 30, 2022. The company achieved record digital marketing solutions revenues of $118.7 million with a 7.2% Adjusted EBITDA margin. In Q3 2022, total revenues decreased by 10.3% to $717.9 million, with a net loss of $54.1 million. Gannett repaid $24.3 million in debt during the quarter and aims for annualized cost savings of $200 million to $240 million. They project full-year revenues of $2.95B to $3.00B.

The USA TODAY Network, part of Gannett Co. (NYSE: GCI), announced the recipients of national grants through its 'A Community Thrives' program, awarding over $6 million to non-profits across the U.S. This initiative supports local community improvement efforts and encourages non-profits to promote their initiatives through a national platform. The $2.3 million in grants includes $800,000 in national project grants, $1.3 million in local operating grants, and $200,000 in fundraising incentives, with additional crowdfunding through Mightycause raising $3.7 million.

Gannett Co., Inc. (NYSE: GCI) will release its third quarter 2022 financial results on November 3, 2022, before the NYSE opens. The management will host a conference call at 8:30 A.M. ET the same day, accessible via phone or a webcast on their Investor Relations website. A replay will be available until November 17, 2022. Gannett is focused on subscription-led digital media and marketing solutions, reaching communities nationwide through its various platforms including USA TODAY and local media organizations.

Gannett Co., Inc. (NYSE: GCI) announced a repurchase of approximately $24.8 million in 6.00% first lien notes for $19.9 million after June 30, 2022. The company repaid $55.0 million of debt, supported by asset sales totaling $34.7 million. Gannett anticipates real estate sales between $65 million and $75 million for 2022. Since acquiring legacy Gannett in November 2019, it has reduced debt by over $585 million.

Gannett Co., Inc. (NYSE: GCI) celebrates the 40th anniversary of USA TODAY, which was first published on September 15, 1982. The publication is recognized for its vibrant, accessible journalism and impact on the media landscape. To mark this milestone, USA TODAY has revamped its print and digital offerings, enhancing user experience with features like ‘To the point’ content and improved personalization. A special $40 annual subscription offer is also available, alongside a commemorative merchandise collection.

Gannett Co., Inc. (NYSE: GCI) has launched a new advertising campaign for its LocaliQ digital marketing solutions titled 'Seize Your Potential.' The campaign showcases testimonials from four small businesses in different sectors, highlighting their growth through LocaliQ's marketing platform. LocaliQ is designed to enhance customer engagement using data-driven insights and marketing automation. The campaign will run in select markets, including Austin and Nashville, through early November, promoting LocaliQ's aim to empower local businesses.