GCI - Gannett Co., Inc.
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 1.3300 |
| Open | 1.4100 |
| Bid | 1.3000 x 2900 |
| Ask | 1.3500 x 2200 |
| Day's Range | 1.2600 - 1.4400 |
| 52 Week Range | 0.6300 - 11.3500 |
| Volume | 2,680,513 |
| Avg. Volume | 5,742,995 |
| Market Cap | 167.763M |
| Beta (5Y Monthly) | 1.47 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -2.2370 |
| Earnings Date | Aug 03, 2020 - Aug 07, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Oct 31, 2019 |
| 1y Target Est | 0.75 |
Fair Value
Related Research
- Insider Monkey
Hedge Funds Have Never Been Less Bullish On Gannett Co., Inc. (GCI)
How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]
- Business Wire
Rugged Races Strikes Partnership with Warner Bros.; Launches Official DC Wonder Woman Virtual Run
Rugged Races, a subsidiary of Gannett Co. Inc. (NYSE: GCI), today announces a nationwide Wonder Woman-themed "virtual run" under an official licensing agreement with Warner Bros., with additional virtual runs based on popular DC Comics and Warner Bros. characters planned for 2020 and beyond.
- WWD
Paul Bascobert’s Position at Gannett Media is Eliminated
Mike Reed will take over Bascobert's responsibilities, leaving the company with just one chief executive officer.
- Business Wire
Gannett Announces Elimination of the CEO Position for the Operating Company and the Departure of Paul Bascobert
Gannett Co., Inc. ("Gannett", the "Company") (NYSE: GCI) announced today that the Board of Directors ("The Board") has decided to streamline the operating structure of the Company by eliminating the position of CEO of the operating company, Gannett Media Corp. ("Gannett Media"). Given this decision, the Board and Paul Bascobert have mutually agreed for Mr. Bascobert to terminate his employment with the Company. Mr. Bascobert’s departure is not the result of any inappropriate action by Mr. Bascobert, any violation of company policy, any accounting irregularity or any material deterioration in the business of the Company.
- MarketWatch
New York Times stock surges toward 16-year high as protests provide subscriber boost, analyst says
Shares of New York Times Co. shot up 3.3% toward a 16-year high in afternoon trading Monday, after J.P. Morgan said research checks suggest the media company is seeing continued momentum for subscriber growth as a result of the protests over the killing of George Floyd by a Minneapolis police officer. J.P. Morgan analyst Alexia Quadrani reiterated the overweight rating she's had on the stock since April 2018, but raised her price target to $50, which is 19% above current levels, from $42. She said that while growth of monthly active users and mobile app downloads have slowed since the heights of the COVID-19 pandemic in March and April, "recent protests appeared to have contributed to elevated growth for both metrics." Quadrani said the company has succeeded in raising prices on promotional subscribers, with about 690,000 tenured subscribers "graduated" to the higher $17 price point. She also noted that other media companies have suggested that advertising spending bottomed out in April. She also said The stock is on track to close at the highest price since August 2004. It has run up 30.2% in 2020, while USA Today parent Gannett Co. Inc. shares have lost 67% and the S&P 500 has declined 4.9%.
- Business Wire
Gannett Ventures Moves Local High School Awards Events to Online Broadcast
Gannett Ventures, part of Gannett Co., Inc. (NYSE: GCI), is pivoting its annual USA TODAY High School Sports Awards series, the largest high school athlete recognition program in the U.S., from live community events, into star-studded on-demand award shows that will broadcast online on Thursday, June 18th.
- Zacks
Implied Volatility Surging for Gannett (GCI) Stock Options
Investors need to pay close attention to Gannett (GCI) stock based on the movements in the options market lately.
- Reuters
ViacomCBS slashes up to 400 jobs as part of merger restructuring -source
ViacomCBS Inc is cutting up to 400 employees across CBS as part of its plan to save $750 million from its merger with CBS, a source familiar with the matter said on Thursday. Digital and local media companies including Atlantic Media, Vice Media, Gannett Co Inc and Tribune Publishing Co have slashed jobs since the start of the coronavirus pandemic due to drops in ad revenues adding to an declining industry which has seen employment drop by 23% between 2008 and 2019, according to the Pew Research Center. "We are restructuring various operations at CBS as part our ongoing integration with Viacom, and to adapt to changes in our business, including those related to COVID-19," a CBS spokesman said in a statement.
- Business Wire
USA TODAY NETWORK Launches Ambitious "Rebuilding America" Initiative to Capture What Consumers and Communities Can Expect as the U.S. Economy Reopens
Gannett Co., Inc (NYSE: GCI) today launched "Rebuilding America," an unprecedented national examination of how America’s economy is rebooting after nearly three months as states reopen for business. This ambitious project involving USA TODAY and Gannett’s 260 daily local news sites will give a coast-to-coast view of the country’s "new economic normal," as told through the industries powering the national, regional and local economies. Stories will debut on Gannett-owned digital sites beginning today and appear in print editions on May 31 with a nationwide narrative of what consumers, companies and taxpayers can expect as the American economy begins to accelerate again.
- Business Wire
Gannett to Hold Virtual Annual Meeting of Stockholders
Gannett Co., Inc. ("Gannett", the "Company") (NYSE: GCI) announced today that it will hold its 2020 Annual Meeting of Stockholders (the "Annual Meeting") virtually due to the ongoing public health impact of the COVID-19 pandemic and to support the health and safety of the Company’s stockholders, employees, and communities.
- 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.
- 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.
- 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.
- 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%.
- Business Wire
Gannett Announces First Quarter 2020 Results
Gannett Co., Inc. ("Gannett", "we", "us", "our", or "the Company") (NYSE: GCI) today reported its financial results for the first quarter ended March 31, 2020. Prior to November 19, 2019, our corporate name was New Media Investment Group Inc. ("New Media" or "Legacy New Media"), and Gannett Co., Inc. ("Legacy Gannett") was a separate publicly traded company. On November 19, 2019, New Media acquired Legacy Gannett (the "Acquisition"). In connection with the Acquisition, Legacy Gannett became a wholly owned subsidiary of New Media, and New Media changed its name to Gannett Co., Inc.
- 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...
- Business Wire
Gannett’s Courier Journal Wins 2020 Pulitzer Prize for Breaking News Reporting
Today, the Louisville Courier Journal, part of Gannett Co., Inc. (NYSE: GCI), received the 2020 Pulitzer Prize for Breaking News Reporting for its coverage of the flurry of pardons and commutations given by Kentucky Gov. Matt Bevin during his final days in office.
- 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.
- Business Wire
Gannett Schedules First Quarter 2020 Results
Gannett Co., Inc. ("Gannett", the "Company") (NYSE: GCI) announced today that it will release its first quarter 2020 financial results on Thursday, May 7, 2020, prior to the opening of the New York Stock Exchange. Management will host a conference call on Thursday, May 7, 2020 at 8:30 A.M. Eastern Time. A copy of the earnings release will be posted to the Investor Relations section of Gannett’s website, www.gannett.com.
- 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.
