Gannett Co Stock Price, News & Analysis

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Gannett Co., Inc. (GCI) reported its second quarter 2022 results, highlighting a 35% growth in digital-only paid subscribers to a record 1.87 million, alongside digital revenues reaching $261.8 million, representing 35% of total revenues. Despite the achievements, total revenues decreased 6.9% year-over-year to $748.7 million, with a net loss of $53.7 million. The company is adjusting its full-year outlook, forecasting revenues between $2.95 billion and $3.0 billion amid ongoing economic challenges.

Gannett Co., Inc. (NYSE: GCI) will release its second quarter 2022 financial results on August 4, 2022, before the stock market opens. A conference call will take place the same day at 8:30 A.M. Eastern Time, accessible to all interested parties. To join, dial 1-877-451-6152 (U.S.) or 1-201-389-0879 (international). A webcast will also be available on Gannett's Investor Relations website. A replay of the call will be available until August 18, 2022.

Rob Gronkowski and Vernon Davis will host the USA TODAY High School Sports Awards on July 31 at 8 p.m. ET. This event honors top high school athletes nationwide, culminating from 24 local shows. Nominees are determined through statistical analysis and feedback. Gronkowski and Davis expressed excitement for recognizing young talent and inspiring future athletes. The awards recognize achievements in 18 sports and feature prestigious honors like Team of the Year and Coach of the Year.

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.