Gannett Co Inc Stock Price, News & Analysis

Gannett Co., Inc. (NYSE: GCI) announced the appointment of Vincent Cirel as Chief Technology Officer (CTO), aiming to enhance its digital transformation. Cirel, with over 20 years of experience, will spearhead Gannett’s technology strategy, focusing on cybersecurity and compliance with data privacy regulations. Previously, he led technology operations at Scientific Games and Norwegian Cruise Line Holdings. Gannett's CFO Doug Horne expressed confidence in Cirel's abilities to improve operational efficiency and customer experiences during this pivotal transition.

Gannett Co., Inc. (NYSE: GCI) announced a strategic restructuring, launching two business units: Gannett Media and Digital Marketing Solutions (DMS). Under the leadership of Maribel Perez Wadsworth and Kris Barton, respectively, this reorganization aims to enhance consumer and B2B operations, fostering sustainable revenue and cash flow growth. The focus on digital customer engagement and subscriber growth is intended to optimize Gannett's legacy business while expanding digital offerings, positioning the company for future success.

Gannett Co., Inc. (NYSE: GCI) has announced the 2022 A Community Thrives program, a $2 million initiative aimed at supporting community-building efforts across the nation. Non-profit organizations can apply from June 1 to June 30, 2022, for grants ranging from $25,000 to $100,000. Since its launch in 2017, the program has distributed over $17 million to 500 organizations, showcasing a strong commitment to empowering under-served communities. The fundraising phase will occur from July 18 to August 12, 2022, with recipients announced on October 5.

Gannett Co., NYSE: GCI, will participate virtually in the 17th Annual Needham Technology & Media Conference on May 19, 2022, at 9:30 am ET. The presentation will feature Chairman and CEO Michael Reed, alongside Chief Product Officer Kris Barton. Investors can access the video webcast on Gannett’s Investor Relations website, available for 90 days post-event. Gannett is a digitally focused media and marketing company, operating USA TODAY and over 150 local news brands in the U.K. The company emphasizes community empowerment through its diverse media assets.

Gannett Co. reported Q1 2022 financials with total revenues of $748.1 million, down 3.7% year-over-year. Digital-only paid subscribers surged by 44% to over 1.75 million, reflecting a robust digital transformation. Digital marketing revenues rose 14% to $107.3 million, contributing to total digital revenues of $251.1 million, which represents 34% of total revenues. Despite a net loss of $3.0 million, adjusted EBITDA was $64.2 million. The company maintains its 2022 revenue outlook between $3.1B and $3.2B, projecting continued growth in digital subscriptions.

Gannett Co., Inc. (NYSE: GCI) will release its Q1 2022 financial results on May 5, 2022, before the NYSE opens. A conference call will be held the same day at 8:30 A.M. Eastern Time, accessible via telephone or through a live webcast on Gannett's investor relations website. A replay will be available later on the same day until May 19, 2022. Gannett focuses on empowering communities through its subscription-led and digitally-focused media solutions, with assets including USA TODAY and local media in 45 states.

Gannett Co., Inc. (NYSE: GCI) announced the nomination of Amy Reinhard, Vice President at Netflix, to its Board of Directors for the Annual Meeting on June 6, 2022. Reinhard brings over 20 years of media experience, overseeing global production at Netflix and previously leading licensing at Paramount Pictures, generating $1 billion in annual revenue. Gannett's CEO, Michael Reed, expressed enthusiasm for Reinhard’s expertise in strategy and operations, particularly in subscription-based content, aiding Gannett's digital evolution.

Gannett Co., Inc. (NYSE: GCI) announced a multi-year partnership with the National Women’s Soccer League (NWSL) to serve as the official photography provider. Through its division Imagn, Gannett will supply all commercial imagery needs for NWSL sponsors and licensees, enhancing its coverage of women's sports. Imagn has a network of over 300 photographers covering sporting events, including the NWSL Challenge Cup, further strengthening its portfolio. This collaboration aims to elevate visibility for women’s soccer and support media customers globally.

The Legends Party, hosted by USA TODAY NETWORK Ventures and Golfweek, will take place on April 9 from 8 p.m. ET to midnight at Topgolf, Augusta. The event aims to engage the community during the Masters Tournament, featuring golf legend Davis Love III and former PGA player Colt Knost as hosts. Tickets are available for purchase, with discounts for military members. The event will include dinner, music, and premium beverages, promoting a unique experience for attendees celebrating golf's most prestigious weekend.