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Gannett

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    Gannett is a media and marketing solutions company that publishes newspapers and operates news and advertising internet sites. The Company's assets include the national newspaper USA Today and the erstwhile weekly USA Weekend. Other newspapers include The Indianapolis Star, The Cincinnati Enquirer, The Tennessean in Nashville, Tennessee, The Courier-Journal in Louisville, Kentucky, the Democrat and Chronicle in Rochester, New York, The Des Moines Register, the Detroit Free Press, The News-Press in Fort Myers, the Milwaukee Journal Sentinel, and the Great Falls Tribune. Gannett's publishing operations also include commercial printing and distribution, marketing, and data services. 

    Revenue(FY, 2017)
    $3.1 B
    Market capitalization(2019-01-11)
    $1.1 B

    Employee Rating

    3.2More
    TypePublic
    HQMcLean, US
    Founded1906
    Size (employees)19,000 (est)
    Websitegannett.com
    Gannett was founded in 1906 and is headquartered in McLean, US
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    Key People/Management at Gannett

    Bob Dickey

    Bob Dickey

    President & Chief Executive Officer
    Jamshid Khazenie

    Jamshid Khazenie

    Chief Technology Officer
    Andy Yost

    Andy Yost

    Chief Marketing Officer
    Alison Engel

    Alison Engel

    Senior Vice President & Chief Financial Officer
    Barbara Wall

    Barbara Wall

    Senior Vice President & Chief Legal Officer
    John Zidich

    John Zidich

    President of Domestic Publishing
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    Gannett Office Locations

    Gannett has offices in McLean, Wixom, Westminster, Washington and in 161 other locations
    McLean, US (HQ)
    7950 Jones Branch Dr
    Albuquerque, US
    Albuquerque
    Algoma, US
    Algoma
    Altoona, US
    Altoona
    Amherst, US
    Amherst
    Appleton, US
    Appleton
    Show all (165)
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    Gannett Financials and Metrics

    Gannett Revenue

    Gannett's revenue was reported to be $3.15 b in FY, 2017 which is a 3.2% increase from the previous period.
    USD

    Revenue (Q2, 2018)

    		1.5b

    Net income (Q2, 2018)

    		15.9m

    EBIT (Q2, 2018)

    		17.8m

    Market capitalization (11-Jan-2019)

    		1.1b

    Closing stock price (11-Jan-2019)

    		9.8

    Cash (30-Jun-2018)

    		209.7m
    Gannett's current market capitalization is $1.1 b.
    Annual
    USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

    Revenue

    		3.3b3.2b2.9b3.0b3.1b

    Revenue growth, %

    		(5%)(9%)6%3%

    Cost of goods sold

    		2.1b2.0b1.9b2.0b

    Gross profit

    		1.2b1.2b1.0b1.2b
    Quarterly
    USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

    Revenue

    		773.5m774.5m744.3m723.0m1.5b

    Sales and marketing expense

    		435.5m445.2m420.8m399.5m

    General and administrative expense

    		212.7m210.4m204.0m213.0m412.1m

    Operating expense total

    		772.4m764.0m732.5m723.3m1.4b
    show all
    Annual
    USDY, 2012Y, 2013Y, 2014FY, 2015FY, 2016FY, 2017

    Cash

    		134.1m78.6m71.9m196.7m120.6m

    Accounts Receivable

    		352.5m

    Prepaid Expenses

    		55.9m

    Inventories

    		22.4m30.2m
    Quarterly
    USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

    Cash

    		62.3m142.8m190.9m144.1m116.8m89.5m126.9m110.0m145.9m209.7m

    Accounts Receivable

    		27.4m20.4m23.8m

    Inventories

    		38.0m31.4m28.6m34.3m38.5m

    Current Assets

    		481.7m568.3m576.9m556.5m559.1m573.1m587.5m574.1m589.5m656.7m
    show all
    Annual
    USDFY, 2015FY, 2016FY, 2017

    Net Income

    		6.9m

    Depreciation and Amortization

    		191.9m

    Inventories

    		(26.6m)176.3m10.6m

    Accounts Payable

    		7.4m66.6m(22.2m)
    Quarterly
    USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

    Net Income

    		86.6m125.7m(2.1m)(2.6m)(377.0k)15.9m

    Depreciation and Amortization

    		55.4m83.8m46.8m98.7m40.3m78.6m

    Inventories

    		28.6m34.3m38.5m

    Cash From Operating Activities

    		129.5m65.2m80.5m
    show all
    USDY, 2018

    Financial Leverage

    		2.2 x
    Show all financial metrics

    Gannett Operating Metrics

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

    Average Monthly Unique Visitors

    		100 m100 m107 m118 m110 m114.50 m

    Daily Newspaper's Circulation

    		4 m3.60 m

    Markets

    		100 120 120 120

    Mobile Applications Downloaded

    		25.70 m25.70 m26 m27 m27.70 m27 m
    Show all operating metrics

    Gannett Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    SweetiQApril 20, 2017
    ReachLocalJune 27, 2016

    Gannett Revenue Breakdown

    Embed Graph

    Gannett revenue breakdown by business segment: 11.3% from ReachLocal, 88.6% from Publishing and 0.2% from Other

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    Competitors

    Advance Publications
    Media & Entertainment - Private
    Cox Enterprises
    Automotive & Transportation - Private
    Hearst
    Media & Entertainment - Private
    TEGNA
    Media & Entertainment - Public
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    Gannett Online and Social Media Presence

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    Gannett News and Updates

    January 14, 2019

    USA Today Publisher Gannett Gets $1.36 Billion Hostile Bid From Newspaper Owner MNG

    Gannett has been stung by the loss of advertisers to social media.
    January 14, 2019

    Gannett to 'carefully' review MNG's buyout bid

    Gannett Co. Inc., the media company publisher of the USA Today newspaper, responded to MNG Enterprises unsolicited bid to buy the company, but saying it will "carefully" review the proposal and determine what is in the best interest of shareholders. Gannett said shareholders have not need to take an…
    January 14, 2019

    Unsolicited buyout bid puts 23% premium on shares of newspaper publisher Gannett

    Unsolicited buyout bid puts 23% premium on shares of newspaper publisher Gannett
    January 14, 2019

    Gannett Gets $1.36 Billion Hostile Bid From MNG Enterprises

    Gannett Gets $1.36 Billion Hostile Bid From Newspaper Owner MNG
    January 14, 2019

    Hedge fund-backed media company offers to buy USA Today publisher Gannett

    Newspaper chain MNG Enterprises on Monday offered to buy publisher Gannett for $12 per share.
    January 14, 2019

    MNG plans to make buy offer for USA Today publisher Gannett - WSJ

    Newspaper chain MNG Enterprises Inc plans to make an offer to buy USA Today publisher Gannett Co Inc for $12 per share, the Wall Street Journal reported on Sunday.
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    Gannett Company Life and Culture

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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 Bob Dickey, Jamshid Khazenie and Andy Yost.

    • How many employees does Gannett have?

      Gannett has 19,000 employees.

    • What is Gannett revenue?

      Latest Gannett annual revenue is $3.1 b.

    • What is Gannett revenue per employee?

      Latest Gannett revenue per employee is $165.6 k.

    • Who are Gannett competitors?

      Competitors of Gannett include Advance Publications, Cox Enterprises and Hearst.

    • Where is Gannett headquarters?

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

    • Where are Gannett offices?

      Gannett has offices in McLean, Wixom, Westminster, Washington and in 161 other locations.

    • How many offices does Gannett have?

      Gannett has 165 offices.