Gannett Co Inc (N:GCI)
Business Focus: Consumer Publishing
| Sector: Consumer Cyclicals | Industry: Consumer Publishing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 175 Sully's Trail, Suite 203 PITTSFORD NY 14534-4560 |
| Tel: | 1-703-8543000 |
| Website: | https://www.gannett.com |
| IR: | See website |
| Key People | ||
| Michael E. Reed Chairman of the Board, President, Chief Executive Officer | Douglas E. Horne Chief Financial Officer | Cindy Gallagher Chief Accounting Officer |
| Business Overview |
| Gannett Co., Inc. is a diversified media company. The Company operates through three segments: Domestic Gannett Media, Newsquest and Digital Marketing Solutions (DMS). Its Domestic Gannett Media segment comprises USA TODAY, daily and weekly content brands in approximately 220 local United States markets across 43 states and its community events business, USA TODAY NETWORK Ventures. Its core print offerings include home delivery offered on a subscription basis, single copy, and non-daily publications. Its Newsquest segment in the United Kingdom consists of over 220 digital news and media brands across its portfolio, including over 150 daily and weekly newspapers and over 70 magazines. Its DMS segment is dedicated to helping local businesses succeed through digital advertising and marketing solutions. The DMS segment, under the brand LocaliQ, is a cloud-based platform of fully-digital products that delivers customers and drives leads through technology and insights. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Gannett Co Inc revenues decreased 10% to $2.66B. Net loss decreased 64% to $27.8M. Revenues reflect Newsquest segment decrease of less than 1% to $234M. Lower net loss reflects Gannett Media segment income increase from $23.2M to $111.8M, Newsquest segment income increase of 42% to $39M. Basic Earnings per Share excluding Extraordinary Items increased from -$0.57 to -$0.20. |
| Employees: | 12,800 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,316M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,664M as of Dec 31, 2023 |
| EBITDA (TTM): | $234.63M as of Dec 31, 2023 |
| Net annual income (TTM): | -$27.79M as of Dec 31, 2023 |
| Free cash flow (TTM): | $56.46M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $944.44M as of Dec 31, 2023 |
| Shares outstanding: | 148,814,354 as of Feb 16, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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