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Gannett Co Inc   (GCI)
Other Ticker:  
 
    Sector  Services    Industry Publishing & Information
   Industry Publishing & Information
   Sector  Services
 
Price: $3.7100 $0.26 7.536%
Day's High: $3.745 Week Perf: 7.54 %
Day's Low: $ 3.57 30 Day Perf: 43.8 %
Volume (M): 1,781 52 Wk High: $ 3.79
Volume (M$): $ 6,608 52 Wk Avg: $2.45
Open: $3.60 52 Wk Low: $1.66



 Market Capitalization (Millions $) 524
 Shares Outstanding (Millions) 141
 Employees 31,250
 Revenues (TTM) (Millions $) 2,620
 Net Income (TTM) (Millions $) -123
 Cash Flow (TTM) (Millions $) 10
 Capital Exp. (TTM) (Millions $) 51

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: 175 Sully s Trail Pittsford, 14534 NY
   Company Phone Number: 598-0030   Stock Exchange / Ticker: NYSE GCI
   


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

21.88 %

12.17 %

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


   

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• View Complete Report
   



Gannett Co Inc

GCI Reports 5.17% Decrease in Revenue for Q1 2024 Earnings Season

roduction
Gannett Co. Inc. (NYSE: GCI) has recently reported disappointing financial results for the most recent fiscal period. With a loss per stock of $-0.60 compared to $0.07 a year ago, GCI has seen a substantial decline in its profitability. Additionally, the significant sequential growth in losses from $-0.16 per share in the prior financial reporting period compounds the concerns surrounding GCI's performance. This article aims to shed light on the company's dwindling revenue, worsening net losses, declining inventories, and accounts receivable. Furthermore, the nomination of an independent candidate to the Board of Directors and the stock's recent performance will also be discussed.
Declining Revenue and Net Losses
The revenue for GCI has sunk by -5.17% to $632.62 million from $667.10 million in the same financial reporting period a year ago. Moreover, there has been a -5.159% decrease in sequential revenue, dropping from $667.03 million. These figures reflect GCI's inability to generate consistent revenue growth, suggesting a lack of confidence in its products and services.

Management Changes

Gannett Co., Inc. Nominates Former Apple and Warner Bros. Advisor, Maha Al-Emam, for Election to Board of Directors

Published Fri, Mar 29 2024 12:15 PM UTC

Gannett Co., Inc., a leading media and marketing solutions company, has recently announced the nomination of Maha Al-Emam as an independent candidate to the Company's Board of Directors. The decision was made by the Board and comes ahead of Gannett's upcoming annual meeting of stockholders scheduled for June 3, 2024. If elected, Ms. Al-Emam will bring her extensive experienc...

Stock Transactions

Gannett Continues Successful Debt Reduction Strategy, Repurchases $13 Million in First Lien Notes at a Discounted Price

Published Tue, Mar 26 2024 11:00 AM UTC

Gannett Continues to Tackle Debt Reduction Efforts
In a recent press release, Gannett Co., Inc. (Gannett or the Company) has announced its plans to repurchase approximately $13.0 million of 6.00% first lien notes due November 1, 2026, at a discounted price of $12.0 million. This initiative is a part of the company's ongoing debt reduction strategy to strengthen its finan...

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's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Gannett Co Inc does not provide revenue guidance.

Earnings Outlook
Gannett Co Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion

Gannett Co Inc's Operating Statistics Decrease / Increase
       




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