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Publisher of USA Today, other papers axes staff to cut costs

Newspaper publisher Gannett Co. confirmed Friday that it’s laying off some of its newsroom staff as part of a cost-cutting effort to lower its expenses as its revenue crumbles amid a downturn in ad sales and customer subscriptions

The Independent UK

How college students can help save local news

How college students can help save local news

Local news outlets across the U.S. are struggling to bring in advertising and subscription revenue, which pays for the reporting, editing and production of their articles. It’s not a new problem, but with fewer and fewer journalism jobs as a result, a growing number of local newsrooms have found a…

The Conversation

Gannett's Return on Invested Capital Insights

Gannett's Return on Invested Capital Insights

According to data from Benzinga Pro, during Q1, Gannett's (NYSE:GCI) reported sales totaled $748.08 million. Despite a 86.35% increase in earnings, the company posted a loss of $3.10 million.

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Why Gannett Shares Are Sliding Today

Gannett Co Inc (NYSE:GCI) reported a first-quarter FY22 sales decline of 3.7% year-on-year to $748.08 billion, missing the consensus of $754.90 million. Same-store revenues decreased 2.5%. Publishing revenues were $670.4 million, and Digital Marketing Solutions revenues were $109.7 million. Advertising and marketing services revenues decreased 3.4%, while Circulation revenues declined 11.3%. Digital revenues…

Las Vegas Trip with Maverick McNealy and Under Armour – Golf Galaxy Sweepstakes

NO PURCHASE, PAYMENT OR ENTRY FEE OF ANY KIND IS NECESSARY TO ENTER OR TO WIN. ALL FEDERAL, STATE, LOCAL AND MUNICIPAL LAWS AND REGULATIONS APPLY. VOID WHERE PROHIBITED BY LAW. SWEEPSTAKES IS SUBJECT TO ALL APPLICABLE FEDERAL, STATE AND LOCAL LAWS. ...

USA Today Sports Media Group

Gannett Hoodwinked Advertisers For Nine Months: WSJ

Gannett Co Inc (NYSE:GCI), owner of USA Today, misguided advertisers with inaccurate information for nine months, the Wall Street Journal reported. Gannett owns news outlets in 46 U.S. states, from the Arizona Republic to the Detroit Free Press, to the Palm Beach Post, and sells ad space through digital auctions. Gannett misguided…

Gannett Stock Slides After Q4 Top-Line Miss; Expects To Exceed 2M Paid Digital Subscribers This Year

Gannett Co Inc (NYSE:GCI) reported a fourth-quarter FY21 sales decline of 5.6% year-on-year, to $826.54 million, missing the consensus of $838.25 million. Same-store revenues decreased 4.3%. Advertising and marketing services revenues decreased 6.6%, while Circulation revenues declined 9.2%. Publishing revenues were $746.8 million (-6% Y/Y), and Digital Marketing Solutions revenues were $113.21 million…

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Earnings Preview: Gannett

Earnings Preview: Gannett

Gannett (NYSE:GCI) is set to give its latest quarterly earnings report on Thursday, 2022-02-24. Here's what investors need to know before the announcement. Analysts estimate that Gannett will report an earnings per share (EPS) of $-0.02.

Why Tegna Shares Are Trading Higher Today?

Why Tegna Shares Are Trading Higher Today?

Standard General and Apollo Global Management Inc (NYSE:APO) agreed to acquire television broadcaster Tegna Inc (NYSE:TGNA). They will acquire Tegna in a transaction valued at $24 a share. The purchase price implied a premium of 39% on the unaffected closing share price on September 14, 2021, the last full trading day before media speculation about a…

Gannett Launches Share Buyback Up To $100M; Amends Credit Agreement

Gannett Launches Share Buyback Up To $100M; Amends Credit Agreement

Gannett Co Inc's (NYSE:GCI) board authorized a share buyback of up to $100 million. Gannett's existing five-year senior secured credit agreement will provide for an incremental term loan not exceeding $50 million and transition the interest rate base from LIBOR to Term SOFR due to regulatory requirements. The existing and incremental loans under…

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