Gannett Co Inc Stock Price, News & Analysis

Gannett reported its Q1 2021 financial results, achieving a record of over 1.2 million digital-only subscriptions, marking a 37% increase year-over-year. Revenue totaled $777.1 million, an 18.1% decline from Q1 2020, influenced by COVID-19 impacts and industry trends. Adjusted EBITDA increased by 1.4% to $100.5 million, with a margin expansion of 250 basis points. The company fully refinanced its 11.5% term loan, achieving $300 million in annualized synergies ahead of schedule. Despite a net loss of $142.3 million, digital revenues showed growth, particularly in digital marketing solutions.

Gannett Co. (GCI) announced the release of its first quarter 2021 financial results on May 7, 2021, before NYSE opening. The management will hold a conference call at 8:30 A.M. ET, with access available via a dedicated phone line and a webcast. The earnings release will be posted on the company’s Investor Relations site. A telephonic replay will be available after the call until May 21, 2021. Gannett is a media and marketing solutions company with a significant national and local presence, operating assets including USA TODAY and multiple local news brands.

Gannett Co., Inc. (NYSE: GCI) announced the launch of USA TODAY’s "Women of the Year" franchise, recognizing women of distinction across all 50 states. The initiative, beginning during Women’s History Month, will honor 10 women nationally and one from each state, emphasizing resilience and support during the pandemic. Vice President Kamala Harris is the first honoree. The project aims to showcase diverse women who inspire change and promote equity. This follows last year’s "Women of the Century" project, reinforcing Gannett's commitment to diversity and inclusion in media.

Gannett Co. (NYSE: GCI) announced participation in the 29th Annual Deutsche Bank Media, Internet & Telecom Conference on March 10, 2021, featuring Chairman and CEO Michael Reed and CFO Doug Horne. The event will be broadcasted and subsequently available as an archived audio webcast in the Investor Relations section of Gannett's website. Gannett is a leading media and marketing solutions company with extensive national and local reach, encompassing USA TODAY and several local media organizations across 46 states, alongside its digital marketing subsidiaries.

Gannett Co. reported its Q4 and full-year 2020 financial results, revealing a net loss of $122.2 million for Q4 and $670.5 million for the year. Despite a 25.2% revenue increase in Q4 to $875.4 million, driven by the acquisition of Legacy Gannett, same-store pro forma revenues fell 16.3%. Digital revenues accounted for 25.5% of total revenues. The company emphasized progress in digital transformation and subscription growth, surpassing 1 million digital subscribers. Gannett plans to implement a subscription-led growth strategy aimed at increasing stockholder value and reducing debt.

Gannett Co. (GCI) and McClatchy are enhancing local advertising effectiveness by combining their media networks. This partnership allows national brands to engage with local audiences across major markets, reaching about 200 million digital and 8.4 million print consumers. The USA TODAY national sales team will facilitate access to this combined audience, providing targeted advertising solutions. Key executives expressed optimism about improved local audience reach and innovative advertising strategies aimed at delivering a strong ROI for clients.

Gannett Co., Inc. (NYSE: GCI) appointed Vinayak Hegde as an independent director to its Board of Directors, effective February 15, 2021. His extensive digital and operational experience is anticipated to add significant value to Gannett's management and strategic objectives. Hegde is currently the President and COO of Blink Health, with a notable background including roles at Airbnb and Groupon, where he contributed to substantial revenue growth. Gannett, focused on digital media and marketing, aims to enhance its community ties and improve operational efficiency.

Gannett Co. (NYSE: GCI) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, before the NYSE opening. A conference call is scheduled for the same day at 8:30 A.M. Eastern Time, accessible via phone or webcast. A replay of the call will be available afterward until April 8, 2021. Gannett is a digitally focused media and marketing solutions company, with a diverse portfolio including USA TODAY and over 140 brands in the UK through its subsidiary Newsquest.

USA TODAY, part of Gannett Co. (NYSE: GCI), announced that Rocket Mortgage’s commercial, “Certain Is Better – Tracy Morgan, Dave Bautista & Liza Koshy,” was voted the top ad in the 33rd Super Bowl Ad Meter. This is Rocket Mortgage’s first win, and their second ad also finished second. The ads received ratings of 7.38 and 7.30, respectively, marking the first time a brand secured both top spots since 2007. The voting took place from February 3 to February 8, and highlights the growing significance of Super Bowl commercials among viewers.