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Gannett slides after lower same-store revenue, soft guidance: Q4 Earnings

  • Gannett (NYSE:GCI) is down 14% in premarket trading after the company reported 4.3% Y/Y decline in fourth quarter's same store revenues.
  • Total revenues of $826.5M (-5.6% Y/Y). It included 33% of digital revenue that stood at $272.6M (+5% Y/Y).
  • Adjusted EBITDA totaled $115.4M (-22.5% Y/Y); Adjusted EBITDA

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Gannett Co., Inc.