Gannett Co Stock Price, News & Analysis

Gannett reported a 49% increase in digital-only paid subscribers, totaling over 1.6 million. Total digital revenues exceeded $1 billion in 2021, contributing 32% of total revenues and reflecting a 9% year-over-year growth. The company repaid $57.5 million in debt during Q4 2021 and adopted a $100 million share repurchase program. However, total revenues dropped 5.6% year-over-year to $826.5 million with a net loss of $22.4 million.

Gannett Co., Inc. (NYSE: GCI) announced that its commercial featuring Rocket Homes and Rocket Mortgage, starring Anna Kendrick and Barbie, won the coveted top spot in the USA TODAY Ad Meter for Super Bowl 2022. This marks the second consecutive year that this ad has achieved this recognition, making it the first repeat winner since 2014-2015. The competition, which ran from February 9 to February 14, involved over 143,000 panelists rating commercials. The winning ad received an average score of 6.82, leading against notable competitors like Amazon and Doritos.

Gannett Co., Inc. (NYSE: GCI) will announce its fourth quarter 2021 financial results on February 24, 2022, before the market opens. Management will hold a conference call at 8:30 A.M. ET on the same day. Interested participants can join by calling either 1-877-451-6152 (U.S.) or 1-201-389-0879 (international), referencing the earnings call. A webcast will also be available at investors.gannett.com. A telephonic replay will be offered until March 10, 2022.

The NFL Alumni Legends Party, hosted by Rob Gronkowski on February 11 in Hollywood, celebrates the upcoming Super Bowl with special guests including NFL legends Emmitt Smith, Jerry Rice, and Doug Flutie. Attendees can enjoy musical performances by Flo Rida and DJ Kim Lee, along with open bar and hors d'oeuvres. Ticket options include General Admission and VIP packages. Proceeds will benefit the NFL Alumni Caring For Kids initiative. The event aims to deliver an unforgettable experience while promoting community engagement, with limited tickets available.

Gannett Co. (NYSE: GCI) has launched the 34th annual Ad Meter competition, an influential program assessing consumer reactions to Super Bowl LVI advertisements. Taking place from February 9 to February 14, registered participants can rate commercials, culminating in the announcement of the winner on February 14. Partnered with Kia Motors and Verizon, the competition will also feature a summit to analyze ad performances. USA TODAY continues its strategic partnership with YouTube for sentiment measurement related to the Ad Meter.

Gannett Co., Inc. (NYSE: GCI) announced a share repurchase program authorizing up to $100 million for its common stock. This initiative aims to enhance long-term shareholder value, as stated by Chairman Michael Reed, who emphasized that the current stock price is significantly undervalued. Additionally, Gannett amended its credit agreement, permitting an incremental loan of $50 million and transitioning interest calculations to Term SOFR. The company is also allowed to execute stock repurchases under existing debt agreements until December 31, 2022.

Gannett Co. (NYSE: GCI) announced the launch of a dedicated Accessibility category on its Reviewed website, focusing on product insights for adaptive products and assistive technologies for people with disabilities. The initiative aims to better serve a largely underserved audience, as over 1 billion people globally live with disabilities. Led by Accessibility Editor Sarah Kovac, the section will feature comprehensive product recommendations and advocacy for accessibility, reflecting Gannett's commitment to diversity and inclusion efforts.

USA TODAY Sports, a subsidiary of Gannett Co. (NYSE: GCI), has launched the 2022 Ferris Mowers Men’s Basketball Coaches Poll in partnership with the National Association of Basketball Coaches (NABC). This poll ranks the top 25 NCAA Division I Men’s Basketball teams based on votes from NABC-member coaches. The rankings will be published weekly, with the final poll determining the winner of the Ferris Mowers NABC National Championship Trophy in April. This initiative continues a 25-year tradition highlighting college basketball excellence.