Gannett Co Inc Stock Price, News & Analysis

USA TODAY Sports, part of Gannett Co., Inc. (NYSE: GCI), and the American Football Coaches Association (AFCA) have launched the 2024 US LBM Coaches Poll for NCAA Football Bowl Subdivision teams. The poll, sponsored by US LBM, ranks the Top 25 teams weekly from preseason through the College Football Playoff. 55 AFCA-member FBS head coaches participate in the voting panel.

USA TODAY Sports will publish the rankings online on Sundays and in print on Mondays during the season. Additionally, USA TODAY's Branded Content Studio, GET Creative, will launch a new series featuring college football coaches on USATODAY.com. The poll marks the start of the longest season in college football history, with an expanded 12-team playoff system.

Gannett (NYSE: GCI) reported Q2 2024 financial results, showing growth in Adjusted EBITDA and digital revenues. Digital revenues now account for 44% of total revenues, with a 22.3% increase in digital-only subscription revenues. The company repaid $24.3 million of debt, reducing total net debt below $1 billion. Total revenues decreased by 4.8% YoY to $639.8 million. Gannett maintains a strong liquidity position with $99 million in cash. CEO Michael Reed reiterated the positive outlook for 2024, expecting total digital revenues to grow by 10%, while total revenues are expected to decline slightly. The company projects continued growth for 2025-2026, with digital revenues making up 50% of total revenues by 2025.

Gannett Co., Inc. (NYSE: GCI) has announced the release of its second quarter 2024 financial results on Thursday, August 1, 2024, before the New York Stock Exchange opens. The company will host a conference call at 8:30 A.M. Eastern Time on the same day to discuss the results. Investors can access the call by dialing 1-888-506-0062 (US) or 1-973-528-0011 (outside US) with the access code '598135'. A simultaneous webcast will be available on the company's investor relations website. A telephonic replay will be accessible until August 15, 2024.

Gannett is a diversified media company operating the USA TODAY NETWORK in the US and Newsquest in the UK. It also owns LocaliQ, a digital marketing solutions brand, and USA TODAY NETWORK Ventures, an events division.

The 2024 USA TODAY Wine & Food Experience tour is set to take place from September through November across eight U.S. cities. Organized by USA TODAY NETWORK Ventures, the event kicks off on September 28 in Denver, CO, and Providence, RI, and features renowned chefs, emerging talents, and culinary leaders. Attendees can enjoy food and beverage samples, exclusive demonstrations, and mixology classes in an outdoor setting. Tickets are available in general and early admission categories, with the event running from 1:00 p.m. to 4:00 p.m. for general admission and from 12:00 p.m. to 4:00 p.m. for early admission. Sponsorship and participation opportunities are open for restaurants and businesses. The tour aims to highlight local cuisine and provide unique culinary experiences.

SEICon 2024, a pioneering conference in sports, entertainment, and innovation, has announced USA TODAY Sports as its presenting sponsor. The conference will feature 120 experts and take place from July 15-17, 2024, at Virgin Hotels Las Vegas. USA TODAY Sports will set up a press center and broadcast studio and will also appear on panels and judge the SEICon Innovation Hub's Best in Show Award. Attendees will have opportunities to network with industry leaders and explore innovations in various fields, including esports, sports sociology, and media.

Gannett and Concacaf have announced a media content partnership to enhance the visibility of the 2024 Concacaf Champions Cup. This partnership will leverage Gannett's extensive reach through USA TODAY Network and its 200 local publications to provide comprehensive coverage of the Champions Cup, which features 27 top men’s clubs from North America, Central America, and the Caribbean. The final match is set for June 1, 2024, between CF Pachuca and Columbus Crew at Estadio Hidalgo. Gannett aims to capitalize on the rising popularity of soccer in the U.S. and reach over 50 million sports enthusiasts through this collaboration. The partnership also promises to boost coverage of upcoming tournaments, including the 2024 Copa America and the 2025 Gold Cup.

Gannett Co., Inc. announced its participation in the 19th Annual Needham Technology, Media, & Consumer Conference with key executives presenting virtually. The company aims to inspire, inform, and connect audiences through its diverse media brands and digital marketing solutions. Gannett's portfolio includes USA TODAY and Newsquest, with a focus on delivering essential content and experiences for stakeholders.

Gannett Co., Inc. reported strong first quarter results for 2024, with total digital revenues up 8% year-over-year, accounting for over 42% of total revenues. The company's digital-only subscription revenues and average revenue per user reached new highs, showing growth rates exceeding 20%. Despite total revenues decreasing by 5%, Gannett drove free cash flow growth and improved sequential year-over-year trends in Adjusted EBITDA. The company's full year 2024 outlook remains positive, with expectations of growth in digital revenues, Adjusted EBITDA, cash flow, and real estate sales.