|Bid||8.26 x 2900|
|Ask||0.00 x 2200|
|Day's Range||8.21 - 8.37|
|52 Week Range||7.41 - 11.99|
|Beta (3Y Monthly)||1.93|
|PE Ratio (TTM)||266.77|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||0.64 (7.71%)|
|1y Target Est||11.67|
The New York Times Company (NYT) has been contemplating new avenues of revenue generation. The company is fast acclimatizing to the changing face of the multiplatform media universe.
USA TODAY NETWORK, part of Gannett Co., Inc. (GCI), and the Gannett Foundation today announced 16 non-profit organizations that will receive 2019 national grants from the company’s A Community Thrives program. Now in its third year, A Community Thrives awards grants to worthy causes in communities across the U.S. to help drive positive change. After receiving more than 1,500 submissions from organizations across 46 states, A Community Thrives is awarding more than $2 million in grants: $1 million in National Project Grants and more than $1 million in Local Operating Grants.
Gannett Co Inc NYSE:GCIView full report here! Summary * Perception of the company's creditworthiness is positive and improving * Bearish sentiment is moderate and declining * Economic output in this company's sector is contracting Bearish sentimentShort interest | NeutralShort interest is moderately high for GCI with between 10 and 15% of shares outstanding currently on loan. However, this was an improvement in sentiment as investors who seek to profit from falling equity prices reduced their short positions on May 21. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold GCI had net inflows of $1.33 billion over the last one-month. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator with a strengthening bias over the past 1-month. 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 email@example.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.
Sacramento-based The McClatchy Co. and several other legacy newspaper companies are said to be in merger talks, according to The Wall Street Journal.
rose 1.3% to $7.73 on Thursday following a report that the media giant held merger talks with Gatehouse Media. The deal with Gatehouse would unite the two largest newspaper chains in the U.S. Neither company immediately responded to requests for comment. Gannett operates more than 100 newspaper operations in 34 states and 160 online news brands in the U.K. GateHouse publishes 156 daily newspapers, 464 community publications, and operates in more than 615 local markets in 39 states.
The potential deal would link the nation’s two largest newspaper groups, both of who have significant local operations.
USA Today owner Gannett Co Inc has recently discussed the possibility of a merger with Gatehouse Media Inc, the Wall Street Journal reported https://www.wsj.com/articles/gannett-holds-merger-talks-with-gatehouse-media-11559228913 ...
Gannett also has discussed deals with Tribune Publishing Co. and McClatchy Co., the Wall Street Journal said, citing unidentified people familiar with the matter. Gannett and Gatehouse didn’t immediately respond to requests for comment from Bloomberg News.
Investing.com - USA Today publisher Gannett climbed on Thursday after a report that it was looking to team up with Gatehouse Media, a deal that would combine the two largest U.S. newspaper chains.
Gannett, the owner of USA Today and other titles, said on Thursday that all eight of its nominees were elected to the board, beating out a hostile slate from MNG Enterprises Inc., the newspaper publisher that’s better known as Digital First Media and is backed by hedge fund Alden Global. The financing for that offer was never firm, despite MNG’s comical attempts to suggest otherwise. MNG got Oaktree Capital Management to write a letter in a similar vein– with the notable difference being that Oaktree seemingly was making no commitment to help with raising funds for a Gannett buyout and was merely expressing an opinion.
McLean-based Gannett Inc. (NYSE: GCI) appears to have held off a hedge fund-led hostile takeover bid. A preliminary vote tally following the company’s 2019 shareholder meeting shows all eight Gannett director nominees were elected to the Gannett board. Activist investor MNG Enterprises Inc., also known as Digital First Media, had sought to over Gannett’s board with directors of its own.
Shareholders of USA Today owner Gannett have rebuffed an attempt to overthrow its board. Gannett, which also owns dozens of other newspapers, says its slate of eight directors had beaten opposing candidates nominated by a media group vying to revive its previously rejected takeover bid for Gannett . The results were based on a preliminary count of a vote held Thursday at Gannett's annual meeting.
Had MediaNews Group been successful, it would have owned virtually all of the Philadelphia region's daily suburban newspapers.
USA Today owner Gannett Co Inc said on Thursday all its eight director nominees were elected to its board, based on a preliminary vote count, beating candidates put up by its shareholder MNG Enterprises, better known as Digital First Media. The newspaper chain had launched a proxy fight against Gannett in February by nominating six directors, days after Gannett rejected MNG's $1.36 billion buyout offer. MNG, which is controlled by secretive hedge fund Alden Global Capital LLC, later cut its slate to three nominees.
Gannett Co., Inc. (GCI) (“Gannett” or “company”) today announced that, based on the preliminary vote count provided by its proxy solicitor following the company’s 2019 annual meeting of shareholders, shareholders have elected all eight of Gannett’s highly experienced and independent director nominees to the Gannett board – John Jeffry Louis, John E. Cody, Stephen W. Coll, Donald E. Felsinger, Lila Ibrahim, Lawrence S. Kramer, Debra A. Sandler and Chloe R. Sladden. We are pleased with the preliminary outcome of the vote, and the Gannett board and management team thank our shareholders for their input, participation and support throughout the proxy contest.
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” or the “Company”), today issued the following statement based on its analysis of the preliminary voting results of Gannett’s 2019 Annual Meeting. “This is a win for an entrenched Gannett Board that has been unwilling to address the current realities of the newspaper business, and sadly a loss for Gannett and its shareholders. “Gannett’s newspapers are critical local resources, and we hope that Gannett’s incumbent Board and Management shift course to embrace a modern approach to local news that will save newspapers and serve communities.
Gannett is facing a hostile takeover. The offer is a significant premium to the current stock price but could upend Gannett's legacy and culture.
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” or the “Company”), with an approximate 7.4% ownership interest, today sent an open letter to its fellow Gannett Shareholders in advance of Gannett’s upcoming Annual Meeting this Thursday, May 16th, urging them to vote on the BLUE Proxy card for ALL THREE of MNG’s highly qualified director nominees: Heath Freeman, Dana Needleman and Steven Rossi.
Gannett Co., Inc. (GCI) (“Gannett” or “company”) today issued an open letter to shareholders urging them to vote TODAY “FOR ALL” of the company’s eight independent director nominees in advance of the upcoming 2019 Annual Meeting of Shareholders scheduled to be held on May 16, 2019. Gannett’s Annual Meeting on May 16, 2019 is fast approaching, and it is important that all shareholders vote as soon as possible. Your board of directors urges you to vote “FOR ALL” of the company’s eight highly experienced, actively engaged, independent director nominees by Internet or by phone using the WHITE proxy card.
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” or the “Company”), with an approximate 7.4% ownership interest, has mailed a letter to its fellow Gannett shareholders, urging them to vote on the BLUE Proxy card for MNG’s three highly qualified director nominees.
The New York Times Company (NYT) projects total subscription revenue in the second quarter of 2019 to increase in the low to mid-single digits. Subscription revenue grew 3.9% during the first quarter.