Gannett: A Turnaround Requiring Patience

Apr. 27, 2022 7:47 AM ETGannett Co., Inc. (GCI) StockGCI15 Comments
Dan Stringer
3.46K Followers

Summary

  • Gannett has undertaken an aggressive business transition to both leverage its legacy print & distribution properties and grow its digital properties.
  • Gannett's 2021 year end results and 2022 outlook showed some good progress in its actions but providing middling overall results, similar to other companies who have undertaken business changes.
  • GCI could also have taken some more action on the capital allocation front and on its online gambling option to help buffer its shares.
Gannett Offers To Acquire Tribune Publishing In Deal Valued Over $800 Million

Mark Wilson/Getty Images News

In this article, I look at the progress that Gannett Co., Inc. (NYSE:GCI) has made on its turnaround and business pivot. I lean heavily on this article from SA contributor Lawrence Fuller who outlines the company’s goals and

This article was written by

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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