GCI - Gannett Co., Inc.

NYSE - NYSE Delayed Price. Currency in USD
1.4800
+0.0300 (+2.07%)
At close: 4:00PM EDT

1.4802 0.00 (0.01%)
Pre-Market: 9:18AM EDT

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Chart Events
Neutralpattern detected
Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close1.4500
Open1.5600
Bid1.4900 x 2200
Ask0.0000 x 800
Day's Range1.4700 - 1.6000
52 Week Range0.6300 - 11.3500
Volume3,481,157
Avg. Volume4,828,175
Market Cap195.504M
Beta (5Y Monthly)1.45
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateOct 31, 2019
1y Target EstN/A
  • Reuters

    REFILE-Atlantic Media cuts nearly 20% of jobs in U.S. as pandemic cripples events business

    Atlantic Media, the owner of The Atlantic magazine, announced Thursday the publication is cutting nearly 20% of its staff as the coronavirus pandemic devastates ad sales and the live events business. The Atlantic, which is backed by entrepreneur Laurene Powell Jobs, is the latest media and news organization to suffer the brunt of the pandemic's economic impact following jobs cuts at Vice Media Group, The Economist Group and Quartz Media Inc last week. Local media has been especially hard hit as publishers such as Gannett Co Inc and Tribune Publishing Co slashed jobs in April to stay afloat, exacerbating a long-term trend.

  • Barrons.com

    Small-Caps Have Seen More Dividend Pressure Than Large-Caps Have

    Some 52 large-cap S&P 500 companies have cut or suspended their dividends this year. But between the mid-cap S&P 400 and small-cap S&P 600, there have been roughly 110 cuts and suspensions.

  • The Independent Director of Gannett Co., Inc. (NYSE:GCI), Laurence Tarica, Just Bought 50% More Shares
    Simply Wall St.

    The Independent Director of Gannett Co., Inc. (NYSE:GCI), Laurence Tarica, Just Bought 50% More Shares

    Even if it's not a huge purchase, we think it was good to see that Laurence Tarica, the Independent Director of...

  • Reuters

    Conde Nast lays off nearly 100 U.S. employees, plans furloughs for others

    Magazine publisher Conde Nast, which owns Vogue, GQ and The New Yorker, is laying off a broad group of nearly 100 employees based in the United States as the coronavirus pandemic has sharply reduced ad revenue, according to an internal memo distributed on Wednesday seen by Reuters. The cuts reflect industry-wide efforts to reduce costs by newspaper publishers like Gannett Co. Inc. and Tribune Publishing Co., which also slashed salaries and cut jobs as ad revenues plummeted during the spread of coronavirus. Lynch said in a memo that less than 100 of Conde Nast's approximate 2,700 employees in the United States would also be temporarily furloughed.

  • Gannett Co Inc (GCI) Q1 2020 Earnings Call Transcript
    Motley Fool

    Gannett Co Inc (GCI) Q1 2020 Earnings Call Transcript

    Ladies and gentlemen, thank you for standing by, and welcome to the Gannett First Quarter Earnings Conference Call. Ashley Higgins, please go ahead. Good morning, everyone, and thank you for joining our call today to discuss to Gannett's first quarter 20202 results.

  • Coronavirus update: U.S. death toll tops 74,000, as Trump administration shelves ‘too cautious’ CDC guide to reopening
    MarketWatch

    Coronavirus update: U.S. death toll tops 74,000, as Trump administration shelves ‘too cautious’ CDC guide to reopening

    The number of U.S. fatalities from the coronavirus that causes COVID-19 climbed above 73,000 on Thursday, as President Donald Trump’s administration said it is shelving recommendations from the Centers for Disease Control and Prevention on reopening safely because they were too cautious

  • Benzinga

    Gannett: Q1 Earnings Insights

    Shares of Gannett Co (NYSE:GCI) rose 4.7% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 480.00% year over year to ($0.38), which missed the estimate of ($0.27).Revenue of $948,682,000 rose by 43.00% from the same period last year, which beat the estimate of $945,400,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 07, 2020View more earnings on GCIWebcast URL: https://78449.choruscall.com/dataconf/productusers/gci/mediaframe/37522/indexr.htmlRecent Stock Performance 52-week high: $11.3052-week low: $0.63Price action over last quarter: down 74.76%Company Description Gannett Co Inc is a local newspaper company providing media and marketing solutions. The company's brands include USA TODAY NETWORK with the iconic USA TODAY and more than 100 local media brands, digital marketing services companies ReachLocal, WordStream and SweetIQ, and U.K. media company Newsquest.See more from Benzinga * 11 Communication Services Stocks Moving In Wednesday's Pre-Market Session * 8 Communication Services Stocks Moving In Tuesday's Pre-Market Session * 7 Communication Services Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • MarketWatch

    USA Today parent Gannett's stock rises after earnings reported, dividend suspended

    Shares of USA Today parent Gannett Co. rallied 4.7% after the media company reported a first-quarter loss that widened and revenue that more than doubled, as a result of the New Media Investment Group Inc.'s acquisition of Gannett, which was completed in November. The company said it is suspending its dividend to preserve liquidity amid the economic disruption and uncertainties caused the COVID-19 health crisis. The net loss was $80.2 million, or 61 cents a share, after a loss of $9.1 million, or 15 cents a share, in the year-ago period. Revneue rose 144.8% to $948.7 million. There were not enough FactSet estimates to provide a consensus. On a pro forma basis, revenue would have declined 10.0%, with print advertising revenue down 21.2%, digital advertising and marketing services revenue rose 1.7% and circulation revenue fell 7.5%. "The impact on our business from the pandemic came fast and is significant," said Chief Executive Michael Reed. "We have also moved aggressively to manage through the current economic crisis by taking measures to preserve and increase liquidity and financial performance, including further cost reductions, limits on capital expenditures, and the suspension of our quarterly dividend." The stock has plunged 83.2% year to date through Wednesday, while the S&P 500 has lost 11.8%.

  • Did You Manage To Avoid Gannett's (NYSE:GCI) 95% Share Price Wipe Out?
    Simply Wall St.

    Did You Manage To Avoid Gannett's (NYSE:GCI) 95% Share Price Wipe Out?

    Gannett Co., Inc. (NYSE:GCI) shareholders should be happy to see the share price up 29% in the last month. But spare a...

  • Reuters

    Glass Lewis backs Tegna's board in fight with Standard General

    Tegna Inc said on Wednesday that proxy advisory firm Glass Lewis had recommended that the U.S. regional TV station operator's shareholders vote for all 12 of its director nominees in the proxy contest against hedge fund Standard General LP. Standard General, Tegna's largest shareholder with a stake of neaerly 12%, is seeking to replace four of Tegna's directors with its own nominees, including founder Soohyung Kim, in a Tegna shareholder vote to be held on April 30. "Glass Lewis' recommendation for shareholders to support Tegna's highly qualified directors is a clear recognition of the strength and performance of our existing board and its excellent track record of value creation," Tegna chairman Howard Elias said in a statement.

  • Reuters

    Meredith Corp cuts pay for 60% of employees amid COVID-19

    People Magazine owner Meredith Corp, will temporarily cut pay for 60% of its employees and paused its dividend as advertising revenue takes a hit during the coronavirus outbreak, the company announced on Monday. Meredith joins a number of large news media companies including Gannett Co Inc and McClatchy Co looking to slash costs through pay cuts, furloughs and layoffs as advertisers drastically cut spending. Meredith also said it would freeze hiring and significantly reduce freelancers.

  • Reuters

    U.S. lawmakers make push to assist local newspapers, broadcasters

    A bipartisan group of U.S. lawmakers called on Sunday for expanding payroll assistance to struggling local newspapers and broadcast stations that have seen advertising revenue plummet during the coronavirus pandemic. Democratic Senators Maria Cantwell and Amy Klobuchar and Republicans John Kennedy and John Boozman urged Senate leaders to revise the rules to make thousands of local newspapers, TV and radio stations eligible for assistance under the Paycheck Protection Program.

  • Here's why you should care coronavirus is obliterating the media
    Yahoo Finance

    Here's why you should care coronavirus is obliterating the media

    A wrecking ball is being taken to the media with devastating consequences.

  • Reuters

    Vox Media set to furlough 9% of employees due to coronavirus impact

    Vox Media, the owner of New York magazine, on Friday announced it is furloughing 9% of its workers in an effort to cut spending as the company's revenues face the impact of the COVID-19 pandemic. The action will affect about 100 workers from May through July. About 1% of its workers will work under reduced hours and the company will have tiered pay cuts.

  • Northam requests more federal aid, Montgomery County steps up PPE funding
    American City Business Journals

    Northam requests more federal aid, Montgomery County steps up PPE funding

    The Virginia governor is asking for funding on a variety of fronts while Montgomery County is allocating some of its own money for personal protective equipment.

  • Reuters

    Ariel Investments says backs Tegna in fight with Standard General

    Ariel Investments LLC, the 11th-largest shareholder of U.S. regional TV station operator Tegna Inc , said on Monday it was backing the company's board in its proxy contest with hedge fund Standard General LP. Ariel, which was founded by John W. Rogers Jr. in 1983, owns more than 5 million shares in Tegna, equivalent to more than a 2.3% stake, according to Miller. Standard General, Tegna's largest shareholder with an approximately 12% stake, is asking the company's shareholders to elect its four nominees, including founding partner Soohyung Kim, to Tegna's 12-member board in a vote on April 30.

  • Being furloughed beats a layoff: What it means for millions of suddenly jobless Americans
    MarketWatch

    Being furloughed beats a layoff: What it means for millions of suddenly jobless Americans

    Scores of workers likely running into the millions have either been furloughed in the past few weeks or soon will be because of an unprecedented closure of the U.S. economy to fight the deadly coronavirus scourge. What is a furlough, how does it affect employees and can they collect jobless benefits?

  • D.C. gets more congressional support to fix CARES Act funding; MoCo shoppers must cover faces
    American City Business Journals

    D.C. gets more congressional support to fix CARES Act funding; MoCo shoppers must cover faces

    Nearly 100 members of the U.S. House signed a letter Thursday urging that D.C. receive the full funding allocated to states in the $2.2 trillion economic stimulus legislation related to the coronavirus pandemic. The letter from Rep. Jamie Raskin, D-Md., said the decision to group the District with U.S. territories instead of states in the Senate-led Coronavirus Aid, Relief and Economic Security Act was a “scandalous departure from practice that dramatically increases health risks” for those who live and work in the District, including members of Congress, their staffs and families. “There is no principled reason to abandon the customary practice of grouping the District with the states when it comes to the state aid grants in the CARES Act, and there are urgently compelling public health reasons to correct this affront to the local community,” says the letter, which was sent to House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif. The legislation splits up $3 billion in emergency funding between D.C. and five U.S. territories based on population, allocating about $500 million to the District.

  • RPT-FOCUS-Advertisers shun coronavirus coverage, hastening news media battle for survival
    Reuters

    RPT-FOCUS-Advertisers shun coronavirus coverage, hastening news media battle for survival

    From Rupert Murdoch's News UK to McClatchy's chain of local newspapers across the United States, news publishers are attracting record numbers of readers as people in lockdown seek information about the coronavirus pandemic. Total local advertising in the United States could decline by up to 30% this year, or $38 billion, according to media research firm Borrell Associates. Publishers, advertising agencies and tech firms that help place ads have been trying to persuade brands to rethink, arguing that by eschewing coronavirus coverage, advertisers are losing access to engaged readers.

  • Another 270,000 apply for unemployment benefits in D.C., Maryland and Virginia
    American City Business Journals

    Another 270,000 apply for unemployment benefits in D.C., Maryland and Virginia

    Another 6.6 million Americans — including more than 270,000 in D.C., Maryland and Virginia — filed initial U.S. unemployment claims last week, extending the economic crisis related to the coronavirus pandemic.

  • Reuters

    FOCUS-Advertisers shun coronavirus coverage, hastening news media battle for survival

    From Rupert Murdoch's News UK to McClatchy's chain of local newspapers across the United States, news publishers are attracting record numbers of readers as people in lockdown seek information about the coronavirus pandemic. Total local advertising in the United States could decline by up to 30% this year, or $38 billion, according to media research firm Borrell Associates. Publishers, advertising agencies and tech firms that help place ads have been trying to persuade brands to rethink, arguing that by eschewing coronavirus coverage, advertisers are losing access to engaged readers.

  • Coronavirus update: 1.39 million cases globally, 79,091 dead; Wuhan, China, reports zero deaths for first time since January
    MarketWatch

    Coronavirus update: 1.39 million cases globally, 79,091 dead; Wuhan, China, reports zero deaths for first time since January

    The Chinese city of Wuhan reported zero deaths Tuesday from the coronavirus that causes COVID-19 for the first time since January, raising hopes that China’s extraordinary containment measures are having an effect and could be reproduced elsewhere.

  • Wall Street had its best day in two weeks. Here are the local companies that posted the biggest gains.
    American City Business Journals

    Wall Street had its best day in two weeks. Here are the local companies that posted the biggest gains.

    The Dow Jones Industrial Average closed up 7.7%, while the S&P 500 and Nasdaq Composite finished up 7% and 7.3%, respectively. An announcement from New York Gov. Andrew Cuomo that the number of deaths in the state — which has been the epicenter of the virus in the U.S. — had remained close to flat for two consecutive days was a positive sign many on Wall Street were looking for. Among Greater Washington’s largest public companies, Herndon building materials distributor Beacon Roofing Supply Inc. (NASDAQ: BECN) (+20.3%), Arlington health system consultancy Evolent Health Inc. (NYSE:EVH) (+19.6%), Bethesda hotel giant Marriott International Inc. (NASDAQ: MAR) (+19.5%), Tysons hospitality real estate investment trust Park Hotels & Resorts Inc. (NYSE: PK) (+19.2%), McLean financial giant Capital One Financial Corp. (NYSE: COF) (+16.9%) posted the biggest gains on the day.

  • MarketWatch

    Gannett adopts poison pill, stock soars after closing at record low

    USA Today publisher Gannett Co. Inc. said Tuesday it has adopted a shareholder rights plan, also known as a poison pill, to preserve and protect its tax loss carryforwards from a change in control. The media company's stock soared 28% in premarket trading, after plummeting 67% over the past seven sessions to close Monday at a record low of 67 cents. The company said the rights plan will exercisable if any new investor or group acquires 4.99% or more of Gannett's outstanding shares. Current holders of 4.99% or more will be "grandfathered" in, unless they acquire an additional 0.5% or more of the shares. Gannett said the ability to use its $435 million worth of net operation loss carryforwards (NOLs)could be substantially limited if an "ownership change" was experienced. If the poison pill is exercised, all rights holders will be entitled to buy Gannett stock at a 50% discount. The stock has plunged 89.4% year to date through Monday, while the S&P 500 has lost 17.6%.

  • D.C. closes Maine Avenue Fish Market after large crowds defy social-distancing orders
    American City Business Journals

    D.C. closes Maine Avenue Fish Market after large crowds defy social-distancing orders

    D.C. Mayor Muriel Bowser on Sunday ordered the shutdown of the Maine Avenue Fish Market in Southwest after large crowds defied social-distancing orders and congregated in the open-air market on Saturday. Ernest Charappah, the director of the D.C. Department of Consumer and Regulatory Affairs, tweeted Sunday the closure will remain in effect until “an acceptable social distancing plan” is submitted to his department. Billy White, owner of Captain White's Seafood City at the municipal market, told NBC Washington that security was hired to maintain order.