OverviewSuggest Edit

Gannett is a digitally focused media and marketing solutions company committed to strengthening communities and helping them build relationships with their local businesses. The company operates through two segments, Publishing and ReachLocal, delivering original content, consumer experiences and benefits, and advertiser products and services. Its brands include USA TODAY NETWORK with the USA TODAY newspaper and a number of local media brands, digital marketing services companies ReachLocal and SweetIQ, and media company Newsquest.

TypePublic
Founded1906
HQTysons, VA, US
Websitegannett.com
Employee Ratings3.2
Overall CultureD-

Latest Updates

Employees (est.) (Dec 2018)16,980(-10%)
Job Openings412
Revenue (FY, 2018)$2.9 B(-7%)
Share Price (Jul 2021)$5.8(+2%)
Cybersecurity ratingBMore

Key People/Management at Gannett

Mike Reed

Mike Reed

Chief Executive Officer, Chairman
Jay Fogarty

Jay Fogarty

Senior Vice President of Corporate Development
Kevin Sheehan

Kevin Sheehan

Lead Director
Doug Horne

Doug Horne

Chief Financial Officer
Polly Grunfeld Sack

Polly Grunfeld Sack

Chief Legal Counsel
Kris Barton

Kris Barton

Chief Product Officer
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Gannett Office Locations

Gannett has offices in Tysons and Pittsford
Tysons, VA, US (HQ)
7950 Jones Branch Dr
Pittsford, NY, US
175 Sully's Trail
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Gannett Financials and Metrics

Gannett Revenue

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Gannett's revenue was reported to be $2.92 b in FY, 2018 which is a 7.3% decrease from the previous period.
USD

Revenue (Q3, 2019)

635.6m

Gross profit (Q3, 2019)

239.4m

Gross profit margin (Q3, 2019), %

37.7%

Net income (Q3, 2019)

10.6m

EBIT (Q3, 2019)

25.6m

Market capitalization (30-Jul-2021)

822.3m

Closing stock price (30-Jul-2021)

5.8

Cash (30-Sept-2019)

101.4m

EV

1.0b
Gannett's current market capitalization is $822.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018

Revenue

3.0b3.1b2.9b

Revenue growth, %

6%3%(7%)

Cost of goods sold

2.0b2.0b1.8b

Gross profit

1.1b1.2b1.1b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

773.5m774.5m744.3m723.0m730.8m711.7m663.4m660.3m635.6m

Cost of goods sold

508.4m485.6m476.5m457.0k452.1m446.4m411.2m403.1m396.2m

Gross profit

265.0m288.9m267.7m722.5m278.7m265.3m252.3m257.2m239.4m

Gross profit Margin, %

34%37%36%100%38%37%38%39%38%
Annual
USDFY, 2016FY, 2017FY, 2018

Cash

114.3m120.6m93.6m

Accounts Receivable

358.0m352.5m343.6m

Prepaid Expenses

30.0m55.9m60.7m

Inventories

40.4m30.2m44.6m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

89.5m126.9m110.0m145.9m209.7m108.6m89.4m68.6m101.4m

Accounts Receivable

324.2m317.8m325.4m317.3m314.2m319.3m294.4m289.1m277.4m

Prepaid Expenses

121.0m

Current Assets

573.1m587.5m574.1m589.5m656.7m576.0m531.7m492.4m499.8m
Annual
USDFY, 2016FY, 2017FY, 2018

Net Income

52.7m6.9m15.0m

Depreciation and Amortization

133.0m191.9m157.7m

Inventories

(7.5m)10.6m(14.4m)

Accounts Payable

(22.5k)(22.2m)(13.9m)
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(2.1m)(2.6m)20.5m(377.0k)15.9m29.3m(11.9m)14.8m25.5m

Depreciation and Amortization

46.8m98.7m148.5m40.3m78.6m117.1m37.0m72.5m104.8m

Accounts Payable

(59.0m)

Cash From Operating Activities

31.1m129.5m163.7m65.2m80.5m141.4m37.5m35.6m99.9m
USDFY, 2016

Revenue/Employee

145.1k

Financial Leverage

3.3 x
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Gannett Operating Metrics

FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q3, 2017FY, 2017FY, 2018

Average Monthly Unique Visitors

100 m100 m107 m118 m110 m114.5 m117 m126 m

Daily Newspaper's Circulation

4 m3.6 m

Markets

100120120120120

Mobile Applications Downloaded

25.7 m25.7 m26 m27 m27.7 m27 m28 m
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Gannett Acquisitions / Subsidiaries

Company NameDateDeal Size
WordStreamMay 11, 2018$130 m
SweetiQApril 20, 2017
GolfweekOctober 05, 2016
North Jersey Media GroupJuly 06, 2016
ReachLocalJune 27, 2016
Journal Media Group IncApril 08, 2016$280 m
ACTION ADVERTISING, INC.
ADVERTISER SERIES LIMITED
ADVERTISING DISTRIBUTION SERVICES LIMITED
ALEXANDRIA NEWSPAPERS, INC.
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Gannett Revenue Breakdown

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Gannett revenue breakdown by business segment: 14.1% from ReachLocal, 87.8% from Publishing and -1.9% from Other

Gannett Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Gannett Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Gannett Online and Social Media Presence

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Gannett Company Culture

  • Overall Culture

    D-

    56/100

  • CEO Rating

    D

    59/100

  • Compensation

    D

    52/100

  • Diversity

    D

    55/100

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Gannett News and Updates

The Dallas Morning News names Gannett executive Katrice Hardy Executive Editor

DALLAS, July 21, 2021 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) announced today that Katrice Hardy has been named Executive Editor of The Dallas Morning News, effective August 12. Hardy becomes the first female and African American to hold this position, which continues her legacy …

USA Today parent Gannett reports wider loss and lower revenue, while digital-only revenue increases

USA Today parent Gannett Co. Inc. reported Friday a wider net loss on revenue that fell more than some analysts expected, citing negative impacts from the COVID-19 pandemic as well as "general trends" hurting the publishing industry. The Net loss widened to $142.3 million, or $1.06 a share, from $8…

Global Print Media Market Report 2021-2030 Featuring Prominent Players - News Corp; Pearson PLC; Bertelsmann; Axel Springer and Gannett Company

Dublin, April 01, 2021 (GLOBE NEWSWIRE) -- The "Print Media Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. The global print media market is expected to grow from $287.87 billion in 2020 to $313.28 billion in 2021 at a co…

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Gannett Co., Inc. - GCI

NEW YORK, March 12, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Gannett Co., Inc. ("Gannett" or the "Company") (NYSE: GCI). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The...

USA Today parent Gannett posts wider-than-expected loss but revenue beats estimates

USA Today parent Gannett Co. Inc. posted a bigger-than-expected loss for the fourth quarter Thursday, but revenue that beat estimates. The company said it had a net loss of $122.2 million, or 92 cents a share, in the quarter, wider than the loss of $95.1 million, or $1.05 a share, posted in the yea…

Gannett provides upbeat revenue outlook on advertising rebound

USA Today parent Gannett Co. Inc. provided a fourth-quarter revenue outlook that was above expectations, amid strength in advertising. The media company expects revenue of $865 million to $875 million, up from $699.3 million a year ago. The one analyst that provided an estimate with FactSet was exp…
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Gannett Frequently Asked Questions

  • When was Gannett founded?

    Gannett was founded in 1906.

  • Who are Gannett key executives?

    Gannett's key executives are Mike Reed, Jay Fogarty and Kevin Sheehan.

  • How many employees does Gannett have?

    Gannett has 16,980 employees.

  • What is Gannett revenue?

    Latest Gannett annual revenue is $2.9 b.

  • What is Gannett revenue per employee?

    Latest Gannett revenue per employee is $171.8 k.

  • Who are Gannett competitors?

    Competitors of Gannett include New York Magazine, Advance and Cox Enterprises.

  • Where is Gannett headquarters?

    Gannett headquarters is located at 7950 Jones Branch Dr, Tysons.

  • Where are Gannett offices?

    Gannett has offices in Tysons and Pittsford.

  • How many offices does Gannett have?

    Gannett has 2 offices.