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Gannett Co Inc   (GCI)
Other Ticker:  
 
    Sector  Services    Industry Publishing & Information
   Industry Publishing & Information
   Sector  Services
 
Price: $2.0000 $-0.01 -0.498%
Day's High: $2.05 Week Perf: -3.38 %
Day's Low: $ 1.99 30 Day Perf: -15.97 %
Volume (M): 520 52 Wk High: $ 3.60
Volume (M$): $ 1,041 52 Wk Avg: $2.30
Open: $2.03 52 Wk Low: $1.62



 Market Capitalization (Millions $) 278
 Shares Outstanding (Millions) 139
 Employees 31,250
 Revenues (TTM) (Millions $) 2,654
 Net Income (TTM) (Millions $) -28
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 47

Gannett Co Inc
Gannett Co., Inc. is a diversified news and information company that publishes newspapers, operates broadcasting stations, operates Web sites in connection with its newspaper and broadcast operations, and is engaged in marketing, commercial printing, a newswire service, data services and news programming. Gannett is an international company operating primarily in the U.S. and the United Kingdom (U.K.). Approximately 85% of its revenues are from domestic operations in 43 states, the District of Columbia, and Guam. It has foreign operations in the United Kingdom and in certain European and Asian markets.

The company has two principal business segments: newspaper publishing and broadcasting (television).

Gannett is the USA's largest newspaper group in terms of circulation. The company's 100 U.S. daily newspapers have a combined daily paid circulation of 7.6'million. They include USA TODAY, the nation's largest-selling daily newspaper, with a circulation of approximately 2.2'million. In addition, Gannett owns USA WEEKEND, a weekend newspaper magazine, and more than 500 non-daily publications in the United States.

Newsquest plc, a wholly owned Gannett subsidiary acquired in mid-1999 and expanded through further acquisitions since (including Scottish Media Group plc acquired in 2003), is the second largest regional newspaper publisher in the U.K. with a portfolio of more than 300 titles.

The newspaper segment also includes: Nursing Spectrum, publisher of biweekly periodicals specializing in advertising for nursing employment; Army Times Publishing Co., which publishes military and defense newspapers; Clipper Magazine, a direct mail advertising magazine that publishes more than 325 individual editions in 24 states; a 19.49% interest in California Newspapers Partnership, a partnership that includes 28 daily California newspapers; a 66.2% interest in Texas-New Mexico Newspapers Partnership, a partnership that includes 6 daily newspapers in Texas and New Mexico; and a 13.5% interest in Ponderay Newsprint Company in California.

In addition to publishing, the newspaper segment includes the following: Gannett News Service, which provides news services for its newspaper operations; Gannett Retail Advertising Group, which represents the company's local newspapers in the sale of advertising to national and regional retailers, service providers and franchise businesses; and Gannett Offset, which is composed of the Gannett Offset print group and Gannett Marketing Services Group. The Gannett Offset print group currently includes five non-heatset printing plants and one heatset printing facility. Gannett Offset's dedicated commercial printing plants are located in Atlanta, Ga.; Minneapolis, Minn.; Miramar, Fla.; Norwood, Mass.; St. Louis, Mo.; and Springfield, Va. Gannett Marketing Services Group coordinates the sale of direct-marketing services through: Telematch, a database management and data enhancement company; and Gannett Direct Marketing Services, a direct-marketing company with operations in Louisville, Ky. The company also owns USATODAY.com and other Internet services at most of its local newspapers and television stations; and Gannett Media Technologies International, which develops and markets software and other products for the publishing industry.

The principal sources of the company's broadcasting revenues are: 1) local advertising focusing on the immediate geographic area of the stations; 2) national advertising; 3) compensation paid by the networks for carrying commercial network programs; 4) advertising on the stations' Web sites; and 5) payments by advertisers to television stations for other services, such as the production of advertising material. The advertising revenues derived from a station's local news programs make up a significant part of its total revenues.

Competition: The company's newspapers compete with other media for advertising principally on the basis of their advertising rates and their performance in helping to sell the advertisers' products or services. They compete for circulation principally on the basis of their content and price. While most of the company's newspapers do not have daily newspaper competitors that are published in the same city, in certain of the company's larger markets, there is such direct competition. Most of the company's newspapers compete with other newspapers published in nearby cities and towns and with free-distribution and paid-advertising weeklies, as well as other print and non-print media.

The rate of development of opportunities in, and competition from, emerging electronic communications services, including those related to the Internet, is increasing. Through internal development programs, acquisitions and partnerships, the company's efforts to explore new opportunities in news, information and communications businesses have expanded and will continue to do so.

In each of its broadcasting markets, the company's stations compete for revenues with other network-affiliated and independent television and radio broadcasters and with other advertising media, such as cable television, newspapers, magazines and outdoor advertising. The stations also compete in the emerging local electronic media space, which includes Internet or Internet-enabled devices and any digital spectrum opportunities associated with digital television (DTV). The company's broadcasting stations compete principally on the basis of their market share, advertising rates and audience composition.



   Company Address: 7950 Jones Branch Drive, McLean, 22107 VA
   Company Phone Number: 854-6000   Stock Exchange / Ticker: NYSE GCI
   


Customers Net Income grew by GCI's Customers Net Profit Margin grew to

8.92 %

9.65 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Business Update

LocaliQ Achieves SOC 2 Type II Compliance Certification: Upholding Trust and Boosting Confidence in Gannett Co. Inc.

Published Tue, Mar 12 2024 1:00 PM UTC

In today's digital era, businesses' success largely depends on their ability to effectively navigate the vast marketing landscape. As the competition intensifies, companies are searching for comprehensive marketing solutions that can help them attract, convert, and retain customers. LocaliQ, Gannett Co., Inc.'s (NYSE: GCI) Digital Marketing Solutions (DMS) business, has emer...

Management Changes

Monica Richardson's Appointment at USA TODAY Signals a Rejuvenation Effort Amidst Challenging Times for Gannett Co.

Published Fri, Feb 23 2024 7:38 PM UTC



In a bold move aimed at revitalizing its deteriorating prospects, Gannett Co., the parent company of USA TODAY, has appointed Monica R. Richardson as the Senior Vice President of the acclaimed newsroom, effective April 1. With an extensive career spanning over thirty years, Richardson brings a wealth of experience to the table. However, her appointment comes at a ...

Gannett Co Inc

Gannett Co Inc Hit with $21.58 Million Tax Charge - What This Means for Investors

The stock market can be a volatile and unpredictable environment, and it is important for investors to stay informed about the latest financial results of companies. One such company, Gannett Co Inc, recently reported its financial results for the fiscal period ending December 31, 2023. The results indicate some interesting facts about the company's performance and its position in the Publishing & Information sector.
According to the financial report, Gannett Co Inc posted a loss per stock of $-0.16 per share in the fiscal period ending December 31, 2023. This represents a decrease in revenue of -7.751% to $667.03 million, year on year. The decrease in turnover led to diminishing revenue and an increased loss for the company.

Product Service News

USA TODAY's 36th Ad Meter Competition Opens Amidst Revenue Decrease for Parent Company Gannett Co., Inc.

Published Wed, Feb 7 2024 5:00 PM UTC

The Gannett Co., Inc., a publicly traded media holding company (NYSE: GCI) known for its flagship brand USA TODAY, has proudly launched the 36th consecutive year of its celebrated Ad Meter competition. This annual event has been a significant fixture in gauging public opinion and sentiment surrounding Super Bowl commercials since it was first initiated in 1989. The Ad Meter ...

Contract

Gannett Co. Inc. Faces Challenges Amidst Media Partnership with Big Ten Conference

Published Thu, Feb 1 2024 8:19 PM UTC

Gannett Co., Inc. has recently announced its partnership with the Big Ten Conference, becoming the official content partner of the oldest Division I collegiate athletic conference in the United States. This agreement entails featuring syndicated content from USA TODAY Network's local network of over 200 publications on BigTen.org. However, Gannett Co. Inc. has faced setbacks...






 

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