Gannett Co Stock Price, News & Analysis

The USA TODAY NETWORK, part of Gannett Co. (NYSE: GCI), announced over $5.4 million in grants from its A Community Thrives program to support 16 non-profit organizations across the U.S. The grants include $800,000 in National Project Grants, $1.3 million in Local Operating Grants, and $200,000 in fundraising incentives. The crowdfunding initiative raised an additional $3.1 million. Since its inception in 2017, the program has allocated more than $17.6 million to promote community-building projects.

Gannett Co. (NYSE: GCI) has announced a $400 million offering of senior secured notes due 2026, aiming to repay existing term loans. The notes will be secured by assets of the Issuer and material domestic subsidiaries. A new senior secured term loan of up to $550 million is also being pursued, which depends on the successful offering. The notes are offered to qualified institutional buyers under Rule 144A of the Securities Act.

Gannett operates numerous media assets, including USA TODAY and local news organizations across 46 states, focusing on digitally-driven marketing solutions.

Gannett (NYSE: GCI) announced an initiative to refinance its existing term loan through a new senior secured term loan and the issuance of senior secured notes. The refinancing is intended to lower the overall debt burden, with a proposed loan of up to $550 million. In Q3 2021, Gannett repaid $65 million of its existing loan, reducing the principal to $925.7 million. However, the company anticipates a slight decline in overall revenue year-over-year, though adjusted EBITDA is expected to grow. Operational challenges include inflation and COVID-19 impacts.

Gannett Co. (NYSE: GCI) has launched USA TODAY Sports+, a new premium digital subscription service aimed at sports enthusiasts. Offering immersive content, the platform includes interactive features like augmented reality, podcasts, and real-time betting odds through a partnership with Tipico. Initially available in seven markets, it aims to enrich the subscriber experience and promote engagement with local sports teams. Gannett plans to invest in top-tier sports journalism to attract a diverse audience, targeting 10 million subscribers by 2025.

Gannett Co. (NYSE: GCI) announces Nate Rackiewicz as Chief Data Officer, a new role focused on enhancing the company's data strategy and analytics. Rackiewicz joins from Take-Two Interactive, bringing over 20 years of experience in data science. His appointment aims to strengthen Gannett's data-driven culture and customer engagement. He will oversee initiatives in customer identity and analytics across all business units, reporting to Chief Marketing and Strategy Officer Mayur Gupta. This move is part of Gannett's transformation into a subscription-led content platform.

Gannett Co. (NYSE: GCI) announced strong financial results for Q2 2021, with total revenues of $804.3 million, up 4.9% year-over-year. Digital-only subscribers reached 1.4 million, a 41% increase, and digital revenues made up 32.2% of total revenue. Adjusted EBITDA rose 48.4% to $115.8 million, and net income was $15.1 million. The company signed a strategic agreement with Tipico US, enhancing its digital marketing capabilities. With a focus on reducing debt, total debt was reported at $1.491 billion as of June 30.

Gannett Co., Inc. (NYSE:GCI) has relaunched its Over the Top (OTT) channels, partnering with Amagi for enhanced media technology. The expansion includes more than a dozen Free Ad-Supported Streaming TV (FAST) platforms, achieving over 25 million monthly views and a 200% increase in average view duration. The renewed channels feature a variety of programming from award-winning documentaries to sports content. The USA TODAY High School Sports Awards will also air on August 5, highlighting elite athletes and coaches.

Gannett Co., Inc. (NYSE:GCI) has formed a strategic alliance with Tipico USA Technology, Inc., enhancing its sports betting offerings through the Tipico Sportsbook brand. The five-year agreement entails a $90 million media investment from Tipico, alongside performance incentives for Gannett. Gannett will also have the option to acquire up to 4,990 shares in Tipico's U.S. operations. The collaboration aims to integrate comprehensive sports betting content across Gannett's extensive USA TODAY NETWORK, catering to over 46 million sports fans in the U.S.

Gannett Co., Inc. (NYSE: GCI) will release its second quarter 2021 financial results on August 6, 2021, before the NYSE opens. A conference call will be held at 8:30 A.M. Eastern Time on the same day, accessible via phone or webcast. Interested participants can join by calling specific numbers or through the Investor Relations section of Gannett’s website. A replay will be available after the call until August 20, 2021. Gannett is focused on empowering communities with its diverse media and marketing solutions, including USA TODAY and local media outlets across the U.S. and the UK.