Gannett Co Stock Price, News & Analysis

Gannett Co. (NYSE: GCI) has entered a partnership with TicketSmarter to enhance ticket purchasing opportunities for its USA TODAY NETWORK audience of over 145 million monthly visitors. The integration will allow users to buy tickets for concerts, sports, and theater events directly from content on USATODAY.com and local media sites. This first-of-its-kind agreement aims to connect local communities with events while facilitating seamless access to ticket sales. Scheduled integrations will enhance user experience with 'Buy Now' widgets and event information through 2022.

Gannett Co., Inc. (NYSE: GCI) has announced the inaugural Best of Humankind Awards, recognizing individuals who display extraordinary kindness and perseverance. Hosted by Jenna Bush Hager, the awards will premiere on December 9, celebrating nominees across 11 categories. The public voting saw over 70,000 votes, and winners will receive $1,000 to support their causes. This initiative aims to engage the community and share uplifting stories through the Humankind franchise, which generated over three billion views in 2020.

Gannett Co. Inc. (NYSE: GCI) has announced the auctioning of two unique NFTs created by artist Peter Tunney, with proceeds benefiting The Sunny Center and the Gannett Foundation. The NFTs, titled ‘GRATTITUDE’ and ‘LIBERTY,’ will be auctioned on OpenSea, marking Gannett's second NFT auction following its first collection in June. The ‘GRATTITUDE’ NFT is priced at $250 each, while the ‘LIBERTY’ NFT starts at a minimum bid of $50,000, including the original artwork. This initiative aims to support community-building and raise awareness about wrongful convictions.

On November 17, 2021, Sony Electronics announced its partnership with Gannett, becoming the official imaging products provider for the USA TODAY NETWORK. This collaboration aims to enhance Gannett's photo and video journalism capabilities by providing access to a wide range of Sony imaging products, including the Alpha 1 and FX Cinema Line cameras. Gannett's journalism team, comprising over 500 professionals, produces nearly two million edited images and thousands of videos annually. The rollout of Sony imaging kits will begin immediately in select markets.

Gannett Co., (NYSE: GCI) reported its Q3 2021 results, highlighting a 46% growth in digital-only subscribers, reaching over 1.5 million. Total revenues decreased by 1.8% to $800.2 million, while same store revenues rose 0.9%. Digital revenues comprised 33.1% of total revenues, up 17.8% year-over-year. Adjusted EBITDA increased 16.0% to $102.1 million, marking four consecutive quarters of growth. The company's recent debt refinancing led to a reduced cost of debt by 200 basis points, improving financial flexibility for shareholder value maximization.

Gannett Co., Inc. (NYSE: GCI) is set to release its third quarter 2021 financial results on November 5, 2021, prior to market opening. Management will hold a conference call at 8:30 A.M. ET. Interested parties can access the call by dialing 1-877-451-6152 or via webcast. A telephonic replay will be available post-call through November 19, 2021. Gannett is committed to empowering communities through its media and marketing solutions, with significant reach across the U.S. and U.K.

On October 15, 2021, Gannett Co., Inc. (NYSE: GCI) announced a five-year term loan facility worth $516 million through its subsidiary, Gannett Holdings LLC. The funds will refinance existing debt and lower capital costs by nearly 200 basis points. Gannett's Chairman, Michael Reed, noted that since acquiring legacy Gannett in November 2019, the company has reduced debt by $379 million and cut capital costs by 570 basis points.

The American Influencer Awards (AIA), part of Gannett (NYSE: GCI), will honor social media influencers across various categories including beauty, fashion, fitness, and lifestyle. Hosted by Andy Cohen, the event will be broadcast on-demand on November 3 at 8 p.m. EDT on the USA TODAY News Channel and its YouTube channel. This year, over five million votes were cast for finalists, which showcases the growing impact of influencers. The inaugural AIA Advisory Board, comprising industry experts, will oversee the award process to ensure fairness and inclusivity.

Gannett Co., Inc. (NYSE: GCI) has priced $400 million of 6.00% senior secured notes due 2026, set to close on October 15, 2021. The funds will be used, alongside a new secured credit agreement, to repay an existing term loan. Additionally, Gannett intends to enter a new senior secured term loan of up to $550 million, with an interest rate of LIBOR plus a 5.00% margin. The Senior Notes will not be registered under the Securities Act and are offered only to qualified institutional buyers and certain non-U.S. persons.