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Gannett Co., Inc. (NYSE: GCI) is a diversified media and marketing solutions company that operates at both national and local levels. The company focuses on delivering high-quality journalism and innovative digital marketing services to empower and enrich communities. Gannett's offerings include trusted media content, digital marketing tools, and consumer engagement experiences.
- Advertising and Marketing Services - Provides print and digital advertising solutions, along with marketing services tailored to businesses seeking to reach diverse audiences effectively.
- Circulation - Offers print circulation and digital-only subscriptions, delivering trusted journalism to readers across multiple platforms.
- Other Digital Revenues - Includes digital content syndication, affiliate revenues, and licensing revenues, leveraging digital platforms to expand monetization opportunities.
| Name | Position | External Roles | Short Bio | Start Date |
|---|---|---|---|---|
Michael E. Reed ExecutiveBoard | Chairman of the Board, CEO, and President | Board Member at TouchCare Holdings LLC | Michael E. Reed has over 25 years of experience in senior executive roles in the newspaper and publishing industries. He has served as CEO and President since November 2013 and as Chairman since May 2019. | Nov 2013 |
Cindy Gallagher Executive | Controller, Chief Accounting Officer, and Principal Accounting Officer | None | Cindy Gallagher was appointed to her current roles in August 2023. She previously served as SVP Finance and Controller and SVP Shared Services. | Aug 2023 |
Douglas E. Horne Executive | Chief Financial Officer and Principal Financial Officer | None | Douglas E. Horne has been the CFO and Principal Financial Officer, ensuring compliance with financial regulations. He transitioned to focus solely on these roles in August 2023. | N/A |
Amy Reinhard Board | Director | President of Advertising at Netflix, Inc. | Amy Reinhard has been a Director at GCI since April 2022. She has over 20 years of experience in strategy, operational, and management roles across television and film. | Apr 2022 |
Barbara W. Wall Board | Director | Board Member at The Freedom Forum and The News Media Alliance | Barbara W. Wall has been a Director at GCI since November 2019. She has extensive First Amendment and legal expertise. | Nov 2019 |
Debra A. Sandler Board | Director | President and CEO of La Grenade Group, LLC; Board Member at Keurig Dr Pepper Inc., Dollar General Corporation, Archer-Daniels-Midland; Trustee at Hofstra University; Director at Latino Corporate Directors Association; Member of Executive Leadership Council; Board of Executive Managers at Pharmavite, LLC | Debra A. Sandler has been a Director at GCI since November 2019. She has extensive experience in marketing, operations, and leadership. | Nov 2019 |
John Jeffry Louis Board | Director | Director at The Olayan Group, S.C. Johnson and Son, Inc.; Chair of the Board at Net Purpose Ltd.; Life Trustee at Northwestern University | John Jeffry Louis III has been a Director at GCI since November 2019. He has extensive experience in venture capital and private equity. | Nov 2019 |
Kevin M. Sheehan Board | Lead Director | Chairman of the Board at Dave & Buster’s, Inc. | Kevin M. Sheehan has been a member of the GCI Board since November 2013 and Lead Director since May 2019. He has significant financial expertise and experience in senior management roles. | Nov 2013 |
Laurence Tarica Board | Director | Board Member at D'Addario and Company | Laurence Tarica has been a Director at GCI since January 2014. He has over 20 years of operational and leadership experience. | Jan 2014 |
Theodore P. Janulis Board | Director | Founder and Principal of Investable Oceans | Theodore P. Janulis has been a Director at GCI since January 2014. He has extensive senior management experience and a significant financial background. | Jan 2014 |
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Your total operating revenues declined by 6.2% year-over-year in Q3, partly due to the sale and closure of non-strategic businesses. Can you elaborate on how these divestitures have impacted your revenue and EBITDA, and what further asset sales are planned?
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The Digital Marketing Solutions segment saw revenue decline slightly due to churn from lower-spending accounts and uncertainty in the home improvement sector , leading you to lower your full-year total digital revenue growth guidance to 6% to 7%. What strategies are you implementing to address these challenges in DMS, and when do you expect to see a turnaround?
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Despite strong growth in digital-only subscription revenue and ARPU, same-store revenues declined 5.3% in Q3 , and you mentioned that the revenue inflection point is anticipated to come later than expected. What are the main obstacles delaying revenue growth, and how confident are you in achieving overall revenue growth in 2025?
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You recently completed a debt refinancing that extended maturities and reduced potential future share dilution, but as a result, your first lien net leverage will increase due to a portion of convertible notes shifting to first lien debt. How do you plan to manage this increased leverage, and will this affect your ability to reduce first lien net leverage below 1x as planned?
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Newsquest's top-line growth was muted due to a temporary slowdown in print trends reflective of the local economy. Given these challenges, what measures are you taking to improve performance in Newsquest, and how do you see this segment contributing to overall growth in the future?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
imATHLETE | 2022 | Completed Q1 2022, the acquisition was aimed at enhancing Gannett's events business by expanding opportunities in the events registration space and included a minority interest in Motive to capitalize on in-person event performance improvements. |
Archant | 2022 | Completed Q1 2022, the acquisition of Archant, which owns several well-known UK local newspaper brands, was a strategic fit with Gannett's Newsquest footprint and supports the company's focus on growing digital-only subscriptions and digital marketing services. |
Recent developments and announcements about GCI.
Earnings
New Earnings (Q4 2024)
·Feb 20, 2025, 11:00 PMView full earnings summary →Gannett expects digital revenue growth of 7–10% in 2025—up from 5.8%—driven by steady ads and late-year DMS gains. They’ll also pay down $100M+ in debt, cutting net leverage near 2x. Q1 free cash flow may dip, but full-year growth remains on track.