GCI - Gannett Co., Inc.
| Previous Close | 10.05 |
| Open | 10.00 |
| Bid | 9.84 x 1400 |
| Ask | 9.85 x 1000 |
| Day's Range | 9.81 - 10.01 |
| 52 Week Range | 8.37 - 11.99 |
| Volume | 1,466,626 |
| Avg. Volume | 1,133,324 |
| Market Cap | 1.124B |
| Beta (3Y Monthly) | 2.01 |
| PE Ratio (TTM) | 75.54 |
| EPS (TTM) | 0.13 |
| Earnings Date | May 1, 2019 |
| Forward Dividend & Yield | 0.64 (5.45%) |
| Ex-Dividend Date | 2019-03-08 |
| 1y Target Est | 11.75 |
- Business Wire•2 days ago
Gannett Sends Letter to Shareholders Highlighting Eight Highly Experienced, Independent Director Nominees
Gannett Co., Inc. (GCI) (“Gannett” or “company”) today mailed a letter to shareholders in connection with the company’s 2019 Annual Meeting. The letter highlights the deep and broad expertise and experience of Gannett’s eight actively engaged, independent nominees, which make them uniquely qualified to oversee Gannett’s digital transformation strategy and deliver enhanced shareholder value. The Gannett board of directors unanimously recommends that shareholders vote “FOR ALL” of the company’s highly experienced and independent director nominees on the WHITE proxy card today ahead of the company’s 2019 Annual Meeting on May 16.
- Zacks•3 days ago
NY Times' (NYT) Digitalization Initiatives Reap Benefits
The New York Times Company (NYT) has been contemplating new avenues of revenue generation in a bid to counter dwindling print advertising revenues.
Yahoo Finance•4 days ago9 popular companies that paid $0 in taxes for 2018
A new report reveals that American companies like Gannett, IBM, and Duke Energy didn’t just pay no taxes last year — they paid negative taxes.
- Business Wire•8 days ago
MNG Enterprises Files Shareholder Presentation on Its 41% Premium Proposal for Gannett and Gannett’s Misguided and Failing Operating Strategy
MNG Enterprises, Inc. (“MNG”), owner and operator of one of the largest newspaper businesses in the U.S. and the largest active shareholder in Gannett Co., Inc. (GCI) (“Gannett”), with an approximate 7.4% ownership interest, today delivered its presentation to Institutional Shareholder Services (“ISS”) in connection with Gannett’s 2019 Annual Meeting of Stockholders.
- Business Wire•9 days ago
Gannett to Announce First Quarter 2019 Financial Results on May 1, 2019
Gannett Co., Inc. today announced that it will report first quarter 2019 financial results before the market opens on Wednesday, May 1, 2019. Robert Dickey, Chief Executive Officer, and Alison Engel, Chief Financial Officer, will host a conference call and webcast to discuss the company’s financial results at 10:00 a.m.
- Markit•10 days ago
See what the IHS Markit Score report has to say about Gannett Co Inc.
Gannett Co Inc NYSE:GCIView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is high * Economic output in this company's sector is expanding Bearish sentimentShort interest | NegativeShort interest is high for GCI with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting GCI. However, the last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold GCI had net inflows of $2.85 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. GCI credit default swap spreads are decreasing and near the lowest level of the last three years, which indicates improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
- Business Wire•11 days ago
Gannett Sends Letter to Shareholders Highlighting Value Creation Strategy Built on Digital Transformation and Driven by Best-In-Class Digital Marketing Solutions and Award-Winning Content
Gannett Co., Inc. (GCI) (“Gannett” or “company”) today mailed a letter to shareholders in connection with the company’s 2019 Annual Meeting that highlights the company’s value creation strategy, which focuses on executing Gannett’s digital transformation and USA TODAY NETWORK strategy, delivering digital marketing solutions to businesses and producing award-winning content that engages consumers. The Gannett board of directors unanimously recommends that shareholders vote “FOR ALL” of the company’s highly experienced and independent director nominees on the WHITE proxy card today. Your board of directors has been a responsible steward of your investment in Gannett and is overseeing a multi-year digital transformation that, combined with the company’s USA TODAY NETWORK strategy, will enable the company to continue to serve as a trusted, comprehensive digital marketing partner to local and national businesses while also strengthening and growing our communities through digital engagement.
- Business Wire•15 days ago
USA TODAY NETWORK Reporters Uncover Copycat Bills in Statehouses Nationwide Using Unique Data Analysis
Two-year investigation reveals for the first time the extent to which special interests have infiltrated state legislatures using model legislation. A two-year investigation by USA TODAY, The Arizona Republic, and the Center for Public Integrity that engaged more than 30 reporters across the USA TODAY NETWORK, part of Gannett Co., Inc. (GCI), identified at least 10,000 copycat bills in every state using a unique data analysis engine built on dozens of cloud computers to detect similarities in language, revealing for the first time the extent to which special interests have infiltrated U.S. statehouses through “model” legislation.
- Zacks•16 days ago
Weak Print Ad Dulls Newspaper Publishing Industry Outlook
Weak Print Ad Dulls Newspaper Publishing Industry Outlook
- Business Wire•17 days ago
USA TODAY Wine & Food Experience Announces 2019 Tour
Tour features Martha Stewart, Scott Conant, Alex Guarnaschelli, Antoni Porowski, The Bella Twins, Ian Cauble, David Lynch, etc., and begins September 7, in Brooklyn
- Business Wire•17 days ago
MNG Enterprises Files Definitive Proxy Materials in Connection with Gannett’s 2019 Annual Meeting
MNG Enterprises, Inc. (“MNG”), owner and operator of one of the largest newspaper businesses in the U.S., with an approximate 7.4% ownership interest in Gannett Co., Inc. (GCI) (“Gannett” or “the “Company”), announced today that it has filed a definitive proxy statement with the Securities and Exchange Commission (“SEC”) to solicit votes for the election of six highly qualified director nominees to Gannett’s Board of Directors at the Company’s 2019 Annual Meeting of Shareholders. In addition to the filing, MNG has mailed a letter to its fellow Gannett shareholders, urging them to maximize value by voting FOR the MNG slate on the BLUE Proxy Card.
GuruFocus.com•22 days ago6 Guru Stocks Outperforming the Market
According to the GuruFocus All-in-One Screener, the following stocks have outperformed the Standard & Poor's 500 Index over the past 12 months and were bought by gurus during the fourth quarter. Gannett Co. Inc. (GCI) has a market cap of $1.21 billion. Warning! GuruFocus has detected 4 Warning Signs with GCI.
- American City Business Journals•24 days ago
Gannett urges shareholders to reject rival's board nominees
All six candidates nominated by MNG, "exhibit obvious and significant conflicts of interest," Gannett chairman J. Jeffry Louis says.
- Business Wire•24 days ago
Gannett Files Definitive Proxy Statement and Mails Letter to Shareholders
Gannett Co., Inc. (GCI) (“Gannett” or “company”) today announced that it has filed definitive proxy materials with the U.S. Securities and Exchange Commission and will be mailing the proxy materials and a letter to shareholders in connection with the company’s 2019 Annual Meeting. The Gannett board of directors unanimously recommends that shareholders vote “FOR ALL” of the company’s highly qualified, fully independent director nominees on the WHITE proxy card today. The Annual Meeting will be held at 8:30 a.m. ET on May 16, 2019 at Gannett’s corporate headquarters, located at 7950 Jones Branch Drive, McLean, VA 22107.
- American City Business Journals•29 days ago
Tegna making $740M cash acquisition of 11 TV stations
Tysons-based Tegna Inc. (NYSE: TGNA) is acquiring 11 local television stations in eight markets from Nexstar Media Group for $740 million in cash. Tegna said it would finance the transaction through available cash and borrowing under its existing credit facility.
- Reuters•29 days ago
PRESS DIGEST - Wall Street Journal - March 21
The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Digital First Media took a step forward in its hostile bid ...
- The Wall Street Journal•29 days ago
[$$] Oaktree Capital Expresses Confidence in Digital First's Bid for Gannett
Co., with a debt specialist indicating Digital First could raise the funds needed to pay for the $1.4 billion takeover. Oaktree Capital Management LP, a credit-investment firm with $120 billion of assets as of December, told Digital First it is “highly confident” in Digital First’s ability to attain a debt financing package of at least $1.725 billion in connection with the offer for the USA Today publisher, according to people familiar with the matter. Digital First, officially known as MNG Enterprises Inc., offered to buy Gannett in January for $12 a share.
- Business Wire•29 days ago
Gannett Comments on MNG Enterprises, Inc.’s Continued Failure to Produce a Financing Commitment
Gannett Co., Inc. (GCI) (“Gannett” or “company”) today confirmed receipt of a letter provided to MNG Enterprises, Inc. (“MNG”) from Oaktree Capital Management L.P. in connection with MNG’s unsolicited proposal to acquire Gannett, which the Gannett board of directors unanimously rejected on February 4, 2019. The letter that MNG has procured from Oaktree’s distressed debt fund, Oaktree Strategic Credit, more than two months after MNG launched its unsolicited proposal, does not represent a contractual commitment or a legal obligation, and is highly conditional.
- Business Wire•last month
MNG Enterprises Receives Highly Confident Letter to Finance Proposal to Acquire Gannett for $12.00 Per Share
MNG Enterprises, Inc. (“MNG” or the “Company”) today announced that Oaktree Capital Management, L.P. (“Oaktree”), a subsidiary of Oaktree Capital Group, LLC (OAK), delivered a letter stating that Oaktree is highly confident in the Company’s ability to attain a debt financing package in an aggregate principal amount equal to not less than $1.725 billion in connection with MNG’s proposed acquisition of Gannett Co., Inc. (GCI) (“Gannett”). This financing would be sufficient to refinance the existing indebtedness of both MNG and Gannett, fully finance the $12.00 per share cash consideration payable to Gannett’s shareholders, and pay all related fees, costs and expenses in connection with the transaction.
- City Lab NonHosted•last month
What the Fall of the Newseum Says About News, and Museums
The D.C. museum devoted to a free press will sell its building to Johns Hopkins after years of financial struggle. But the Newseum could still have a bright future.
- Business Wire•last month
USA TODAY Identifies Hospitals With High Childbirth Complication Rates as Part of Impactful Maternal Harms Investigation
Examination of usually secret patient billing records identifies U.S. hospitals with higher-than-average rates of dangerous complications
- Business Wire•2 months ago
Gannett Declares Regular Quarterly Dividend
Gannett Co., Inc. announced today that the Board of Directors declared a regular quarterly cash dividend of $0.16 per share of common stock, payable on March 25, 2019 to shareholders of record at the close of business on March 11, 2019.
