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Gannett Co., Inc. (GCI)

  • Mon, Jan. 26, 1:36 PM
    • Gannett (NYSE:GCI) will report Q4 results on Feb. 3.
    • The conference call is scheduled to begin at 10.00 a.m. ET.
    • Consensus view is EPS of $1.00 on revenues of $1.72B.
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  • Sat, Jan. 24, 11:15 AM
    • Shares of New York Times (NYSE:NYT) ended with a 2.74% gain last week after a report of interest by Michael Bloomberg in making an acquisition gained traction.
    • 2014 was a rough year for New York Times with a drop in ad sales cutting into the impact of higher subscription prices.
    • A new savvy ownership group could unlock more potential on the digital side. (see: Jeff Bezos' plans for Washington Post).
    • As noted by Re/code, although Bloomberg has the required chutzpah to make a run at the NYT, the controlling Ochs-Sulzsbergers family by all appearance is a reluctant seller.
    • Analysts speculate it could take an offer as high as $4B-$5B to land the company - more than double its $1.97B market cap.
    • What to watch: If a mega-deal were to be struck for NYT, there's a thought that it could raise the profile on other newspapers stocks (MEG, GCI, TPUB, LEE, MNI) on M&A potential, increased investment in digital initiatives, or a similar vanity white knight play (Bezos, Bloomberg) for assets.
  • Dec. 29, 2014, 3:52 PM
    • The Gannett Healthcare Group (GHG) has been sold to private OnCourse Learning for an undisclosed sum.
    • Gannett (GCI +2.3%) describes GHG "as "a leading provider of continuing education, certification test preparation, online recruitment, digital media, publications and related services for nurses and other healthcare professionals in the United States." The sale comes as Gannett gets ready to split itself in two.
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  • Dec. 10, 2014, 12:37 PM
    • Gannett (GCI -1.7%updated its guidance during a presentation at the UBS Global Media and Communications conference.
    • The company says it expects sales growth of 16% this year.
    • Q4 EPS is pegged at $1.00-$1.02 vs. $1.02 consensus.
    • Gains in the digital segment are expected to be paced by and
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  • Oct. 28, 2014, 2:32 PM
    • Gannett (NYSE:GCI) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 2.53%
    • Payable Jan 2; for shareholders of record Dec. 5; ex-div Dec. 3.
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  • Oct. 28, 2014, 1:07 PM
    • USA Today (NYSE:GCI) is the top newspaper in the U.S. by circulation, according to data from the Alliance for Audited Media.
    • The daily has a total average circulation of 4.1M to easily top The Wall Street Journal's 2.3M and New York Times' 2.1M.
    • The Alliance for Audited Media started counting digital reader views as part of the total circulation tallies this year.
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  • Oct. 20, 2014, 8:29 AM
    • Gannett (NYSE:GCI) reports double-digit revenue growth for Q3.
    • The gain was led by a 105% Y/Y surge in sales for the company's Broadcasting segment with the Belo acquisition factoring in.
    • Political advertising was also a strong contributor during the quarter.
    • GCI -0.1% premarket.
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  • Oct. 20, 2014, 8:24 AM
    • Gannett (NYSE:GCI): Q3 EPS of $0.59 beats by $0.04.
    • Revenue of $1.44B (+15.2% Y/Y) in-line.
    • Press Release
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  • Oct. 19, 2014, 5:30 PM
  • Aug. 14, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: MNST +20.3%. BZH +10.2%. GCI +9.1%. NES +6.7%. ADSK +5.2%.
    • Top losers, as of 5:15 p.m.: OCUL -9.2%. CNAT -7.2%. PCTY -4.7%. EGY -4.1%. JWN -3.9%.
    | 1 Comment
  • Aug. 14, 2014, 5:24 PM
    • Carl Icahn has disclosed a 15M-share (6.63%) stake in Gannett (NYSE:GCI) in a new 13D.
    • The filing states Icahn and his affiliates "acquired their positions in the Shares in the belief that they were undervalued and that value could be created by splitting the Issuer into separate print and broadcast companies." Gannett recently announced just that.
    • Going forward, Icahn plans to "have discussions with representatives of [Gannett's] management and board of directors relating to the planned separation, corporate governance, capitalization and capital allocation."
  • Aug. 5, 2014, 7:03 AM
    • Gannett (NYSE:GCI) announces it will split into two separate companies following the purchase of Classified Ventures along with crown jewel
    • One company will includes the broadcasting and digital businesses, while the other will be the publishing business.
    • A conference call to discuss the details of the split will be held at 8:30 a.m. ET.
    • GCI +10.8% premarket
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  • Aug. 5, 2014, 6:55 AM
    • Tribune Media (OTCPK:TRBAA) confirms it will sell a 27.8% stake in Classified Ventures to Gannett (NYSE:GCI) for $2.5B.
    • The deal price for the owner of the property reps a multiple of 14.6 times 2014 pro forma EBITDA.
    • The transaction is expected to close before the end of the year.
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  • Aug. 4, 2014, 5:34 PM
    • Bloomberg reports Gannett (NYSE:GCI) has agreed to take full ownership of for $1.8B.
    • Gannett currently owns 27% of parent Classified Ventures. Reuters reported in May Gannett is interested in partnering with P-E firms to acquire, potentially at a price of $3B.
    • McClatchy (NYSE:MNI), Tribune (OTCPK:TRBAA), AH Belo (NYSE:AHC), and Graham Holdings (NYSE:GHC) also own stakes in Classified Ventures. The company sold in March for $585M, leaving as its only property.
    • MNI +20.6% AH. AHC +2.8%. GCI +0.8%.
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  • Jul. 29, 2014, 6:06 PM
    • Gannett (NYSE:GCI) declares $0.20/share quarterly dividend, in line with previous.
    • Forward yield 2.40%
    • Payable Oct. 1; for shareholders of record Sept. 5; ex-div Sept. 3.
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  • Jul. 29, 2014, 12:45 PM
    • Newspaper stocks draw some notice after New York Times (NYT -5.5%) and McClatchy (MNI -2.4%) both report a drop in print advertising revenue for Q2 that exceeded expectations.
    • Though print advertising hasn't declined as fast as some skeptics forecast, a sobering statistic for the sector is that adults in the U.S only spend 2% of their media time reading newspapers - although the category still pulls in 10% of all ad dollars.
    • On watch: Gannett (GCI +0.9%), Medua General (MEG), Lee Enterprises (LEE +1%), A.H. Belo (AHC +2.2%), Tribune Publishing (NYSE:TPUB).
    | 1 Comment
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Company Description
Gannett Co Inc is an international media and marketing solutions company and diverse local content providers in the United States. It operates in three segments; Broadcasting, Publishing and Digital.