Gannett Co., Inc.

Overview

Date Founded

1906

Headquarters

7950 Jones Branch Drive, McLean, VA, 22107-0910, USA

Type of Company

Public

Employees (Worldwide)

21.3K

Industries

Advertising & Marketing
Publishing
Media Conglomerates
Other Business & Consulting Services
News & Digital Content

Company Description

Gannett Co., Inc. engages in the provision of digital media and marketing solutions. It operates through the following segments: Publishing, Marketing Solutions, and Corporate and other. The Publishing segment includes advertising and marketing services, and subscriptions to its print and digital publications. The Marketing Solutions segment comprises of search advertising, display advertising, search optimization, social media, website development, web presence products, customer relationship management, Google-suite offerings, and software-as-a-service solutions. The Corporate and other segment represents activities not directly attributable to a specific segment. The company was founded on June 18, 2013 and is headquartered in McLean, VA.

Website

http://www.gannett.com

Contact Data

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In The News

Nasdaq

January 19, 2021

Gannett Announces Preliminary Fourth Quarter Financial Results

Business Wire

January 19, 2021

Gannett Announces Preliminary Fourth Quarter Financial Results; Strong fourth quarter Revenue and Adjusted EBITDA performance Approximately 46% year-over-year digital-only circulation pro forma revenue growth Fourth quarter term loan reduction of approxim

Nasdaq

January 14, 2021

Gannett Presents at the 23rd Annual Needham Growth Conference

Targeted News Service

January 12, 2021

USA Today Network: Gannett Names Spencer Mandell As Executive Creative Director

Crain's Cleveland Business

January 11, 2021

Bankruptcy ends Beacon Journal retiree medical benefits; Given little notice, November filing means about 50 former workers no longer have coverage

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Executives & Employees

Michael E. Reed

Chairman, President & Chief Executive Officer

Douglas Edward Horne

Chief Financial Officer & Chief Accounting Officer

Polly Grunfeld Sack

General Counsel

Mayur Gupta

Chief Marketing & Strategy Officer

Kristopher Barton

Chief Product Officer

Kevin Gentzel

Chief Revenue Officer

Samantha Howland

Chief People Officer

Maribel Perez Wadsworth

Senior Vice President & Chief Strategy Officer

Mark Maring

Treasurer

Jay Fogarty

Senior Vice President of Corporate Development

Board of Directors

Michael E. Reed

Chairman, President & Chief Executive Officer at Gannett Co., Inc.

Kevin Sheehan

Former President & Chief Executive Officer at Scientific Games Corp.

John Jeffry Louis, III

Co-Founder at Parson Capital Corporation

Debra Sandler

President & Chief Executive Officer at La Grenade Group LLC

Theodore Janulis

Chief Executive Officer at CRT Capital Group LLC

Barbara Wall

Former Vice President & Senior Associate General Counsel at Tegna, Inc.

Laurence Tarica

Maria Miller

Senior Account Executive at GateHouse Media Management Services, Inc.

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Gannett Co., Inc.

Owners & Shareholders

Details Hidden

Alta Fundamental Advisers LLC

AFA aims to achieve returns that exceed the risk-free rate of return regardless of overall conditions in the broader loan, debt and equity markets. The firm seeks to achieve their investment objective primarily by identifying and committing capital to global investment opportunities that possess both intrinsic value and a catalyst to unlock that value. AFA employs a fundamental, research-driven investment approach.

Details Hidden

Alden Global Capital LLC

Alden Global Capital specializes in alternative investments that seek to implement opportunistic, event-driven and deep value investment strategies. The firm focus on a global universe of both announced and anticipated hard or soft catalyst event-driven opportunities, including strategic, operational, financial, legal, regulatory, technical and other corporate catalysts, that the firm believes have the potential to significantly alter value and/or market perception. In addition, Alden Global Capital focus on a global universe of deep value investment opportunities, including constructive and active value investing that they believes have cheap valuations and the ability to get revalued by the market. By employing investments in equities, bonds, loans, options, credit default swaps and other instruments, the firm seeks to capitalize on, among others, distressed situations, reorganizations, bankruptcy proceedings, liquidations, arbitrage opportunities, sovereigns, litigation, claims, liquidity crises, corporate spinoffs, tender offers, restructurings, weak corporate management, failed corporate strategies, operational missteps and inefficiencies, proxy fights, recapitalizations, temporary supply-demand imbalances, non-economic selling pressures and other extraordinary events.

Details Hidden

Cooper/Haims Advisors LLC

Part of ESL Federal Credit Union, Cooper/Haims Advisors LLC is an American company located in Victor, NY, that provides investment advice. It was acquired by ESL Investment Services LLC on 30 Sep 19.

Recent Transactions

Details Hidden

Gannett Co., Inc. purchases Gannett Media Corp.

Details Hidden

Stephens Media LLC, Gannett Co., Inc. purchase Mapleton Communications LLC /37 Radio Stations from Mapleton Radio Holdings LLC

Details Hidden

Gannett Co., Inc., BridgeTower Media LLC purchase Progressive Business Media LLC

Insider Transactions

Details Hidden

John Jeffry Louis, III

Transaction Advisors

Escrow Agent

American Stock Transfer & Trust Co. LLC

Advised onGannett Co., Inc. issued USD Common Stock

Underwriter

Credit Suisse Securities (USA) LLC (Broker)

Advised onGannett Co., Inc. issued USD Common Stock

Underwriter

Citigroup Global Markets, Inc. (Broker)

Advised onGannett Co., Inc. issued USD Common Stock

Underwriter

James Watts

Advised onGannett Co., Inc. issued USD Common Stock

Associate

Andrew Carlon

Advised onGannett Co., Inc. purchases Gannett Media Corp.

Legal Advisor

Andrew Needham

Advised onGannett Co., Inc. purchases Gannett Media Corp.

Advisors & Consultants

Advisor

Tommy Cleaver

Senior Vice President at CBRE, Inc.

Advisor

Gregory W. Freiberg

Treasurer at Savvis Federal Systems, Inc.

Clients

Dufry AG

Dufry AG engages in the travel retail business. It operates through the following segments: Europe and Africa; Middle East, Asia, and Australia; Latin America; North America; and Distribution Centers. The company was founded in 1865 and is headquartered in Basel, Switzerland.

A. H. Belo Corporation

A. H. Belo Corporation (NYSE: AHC), headquartered in Dallas, Texas, is a distinguished newspaper publishing and local news and information company that owns and operates four daily newspapers and a diverse group of websites. A. H. Belo publishes The Dallas Morning News, Texas' leading newspaper and winner of nine Pulitzer Prizes; The Providence Journal, the oldest continuously-published daily newspaper in the U.S. and winner of four Pulitzer Prizes; The Press-Enterprise (Riverside, CA), serving the Inland Southern California region and winner of one Pulitzer Prize; and the Denton Record-Chronicle. The Company publishes various niche publications targeting specific audiences, and its partnerships and/or investments include the Yahoo! Newspaper Consortium and Classified Ventures, owner of cars.com. A. H. Belo also owns and operates commercial printing , distribution and direct mail service businesses . A. H. Belo's combined newspaper and related online businesses reach a large number of people in markets with attractive long-term demographics. From its beginnings as a Texas newspaper company in 1842 through present, A. H. Belo has attributed its success to its unique understanding of, and commitment to, the audiences it serves. A. H. Belo's close community ties, strong journalistic reputation, and intense regional focus have been nurtured and expanded over time, resulting in powerful media brands and business opportunities that are not easily duplicated by competitors. A. H. Belo's focused strategy for extending its news and information platform to emerging media and audiences enables the Company to remain flexible as audiences change, and deliver news and information in new ways to match new tastes, interests and habits. Web sites associated with A. H. Belo's newspapers exemplify this strategy. A. H. Belo's Web sites build on the Company's well-established local and regional brands to generate new customer relationships

Johnston Press Plc

Johnston Press Plc engages in the provision of news and information services to local and regional communities through its portfolio of publications and websites. The firm operates through the Publishing and Contract Printing segments. The Publishing segment includes newspapers, magazines, and digital content. The Contract Printing segment manages printing presses. The company was founded on December 31, 1928 and is headquartered in Glasgow, the United Kingdom.

Key Stats and Financials As of 2019

Market Capitalization

$532M

Total Enterprise Value

$2.25B

Earnings Per Share

$-1.77

Revenue

$1.87B

Net Profit

$-120M

EBITDA

$181M

Total Equity

$983M

EBITDAMargin

9.71%

Enterprise Value / Sales

1.2x

Debt TEV

0.88x

TEVNet Income

-18.75x

Enterprise Value EBITDAOperating

10.53x

Total Debt

$1.98B

Three Year Compounded Annual Growth Rate Of Revenue

14.16%

Non-Profit Donations & Grants

$5,000 - $10K

2007

New York Blood Center, Inc.

Investments

Details Hidden

Everstream, Inc.

Everstream, Inc. provides and manufactures scalable software and solutions that enable the centralized management of advertisements. The company is headquartered in Cleveland, OH.

Investors

Details Hidden

Michael Dornbrook

Co-Founder & Director at Speedy Packets, Inc.

Details Hidden

Ed Roberts

Professor at Massachusetts Institute of Technology - Sloan School of Management

Details Hidden

Jeremiah T. Doyle

Popolo Family Executive Director at Boston College - Edmund H. Shea Jr. Center for Entrepreneurship at Carroll School of Management

Suppliers

Alphabet, Inc. Internet Software & Services | Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

InnerWorkings, Inc. Computer Software | Chicago, Illinois

InnerWorkings, Inc. engages in the provision of marketing execution solutions. It includes procurement of marketing materials, branded merchandise, product packaging, and retail displays. It operates through the following segment: North America, EMEA and LATAM. The North America segment includes operations in the United States, and Canada. The EMEA segment comprises of operations in the United Kingdom, continental Europe, the Middle East, Africa, and Asia. The LATAM segment focuses its operations in Mexico, Central America and South America. The Other segment consists of intersegment eliminations, shared service activities, and unallocated corporate expenses. The company was founded by Scott A. Frisoni, Richard A. Heise, Jr., John McIntyre and Eric Paul Lefkofsky in 2001 and is headquartered in Chicago, IL.

Monster Worldwide, Inc. Consumer Services | Weston, MA

Monster, the worldwide leader in successfully connecting people to job opportunities and flagship brand of Monster Worldwide, Inc. (NYSE: MWW), recently surveyed employers to gauge their recruitment plans for engineering job opportunities. The survey revealed a majority of employers (73%) are likely to hire Engineering talent over the next 60 days, driven primarily by staff increases (60%) and company expansion

Competitors

Fox Corp. Cable, Satellite, and Radio Telecommunications - New York, NY

Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors. The Television segment consists of the acquisition, marketing and distribution of broadcast network programming. The Other, Corporate and Eliminations segment consists of the FOX Studio Lot, Credible Labs Inc, corporate overhead costs and intracompany eliminations. The company was founded on May 3, 2018 and is headquartered in New York, NY.

Alphabet, Inc. Internet Software & Services - Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Microsoft Corporation Computer Software - Fort Collins, CO

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

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