Gannett is a leading media and marketing company with unparalleled local-to-national reach, successfully connecting consumers, communities and businesses. With the iconic USA TODAY, 109 strong local media organizations in 34 states and Guam, more than 150 local news brands online in the U.K., and ReachLocal, a digital marketing company, we provide rich content through hundreds of outstanding affiliated digital, mobile and print products.
Each month more than 100 million unique visitors access content from USA TODAY and Gannett’s local media organizations, putting the company squarely in the Top 10 U.S. news and information category. U.S. local newspapers add an additional audience of 6 million readers every weekday, and USA TODAY adds 2.4 million daily.
Utilizing innovations in technology, digital media and print publishing, our 360° storytelling is offered in markets all across the U.S. From local townships to the national stage, we keep readers informed with what interests them most. When their hometown celebrates, we all share in that joy. When the nation is challenged, we band together as a community. Our voices are strongest together
Company Growth (employees)
Key People at Gannett
Bob Dickey
Jamshid Khazenie
Andy Yost
Alison Engel
Barbara Wall
John Zidich
Henry Faure Walker
Maribel Perez Wadsworth
Gannett Office Locations
Gannett Data and Metrics
Gannett Financial Metrics
Revenue (Q1, 2017) | 773.5 m |
Net income (Q1, 2017) | (2.1 m) |
EBIT (Q1, 2017) | 1 m |
Market capitalization (02-Aug-2017) | 880.9 m |
Cash (26-Mar-2017) | 89.5 m |
- Source: SEC Filings
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 3.3 b | 3.2 b | 2.9 b | 3 b |
Revenue growth, % | (5%) | (9%) | 6% | |
Cost of goods sold | 2.1 b | 2 b | 1.9 b | |
Gross profit | 1.2 b | 1.2 b | 1 b | |
Gross profit Margin, % | 37% | 37% | 35% | |
Operating expense total | 848.9 m | |||
EBIT | 157.5 m | |||
EBIT margin, % | 5% | |||
Income tax expense | 71.3 m | 67.6 m | 47.9 m | |
Net Income | 146.1 m | 52.7 m |
| USD | Q1, 2017 |
|---|---|
Revenue | 773.5 m |
Sales and marketing expense | 435.5 m |
General and administrative expense | 212.7 m |
Operating expense total | 648.2 m |
EBIT | 1 m |
EBIT margin, % | 0% |
Interest expense | (4.3 m) |
Pre tax profit | (7.1 m) |
Income tax expense | (5 m) |
Net Income | (2.1 m) |
- Source: SEC Filings
| USD | Y, 2012 | Y, 2013 | Y, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|---|
Cash | 134.1 m | 78.6 m | 71.9 m | 196.7 m | |
Inventories | 22.4 m | ||||
Accounts Payable | 59.8 m | 45.3 k |
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|
Cash | 190.9 m | 144.1 m | 116.8 m | 89.5 m |
Accounts Receivable | 27.4 m | 20.4 m | 23.8 m | |
Inventories | 28.6 m | 34.3 m | 38.5 m | |
Current Assets | 576.9 m | 556.5 m | 559.1 m | 573.1 m |
Goodwill | 567.6 m | 583.6 m | 699.9 m | 701.6 m |
Total Assets | 2.3 b | 2.6 b | 2.8 b | 2.7 b |
Accounts Payable | 328 m | 377.8 m | 453.4 m | 373.9 m |
Dividends Payable | 18.6 m | |||
Current Liabilities | 435.7 m | 493.8 m | 591.2 m | 515.2 m |
Additional Paid-in Capital | 1.7 b | 1.7 b | 1.7 b | 1.8 b |
Retained Earnings | 35.2 m | 28.8 m | (14 m) | (19 m) |
Total Equity | 1.1 b | 1.1 b | 1.1 b | 850.5 m |
Financial Leverage | 2.2 x | 2.3 x | 2.6 x | 3.2 x |
| USD | FY, 2015 | FY, 2016 |
|---|---|---|
Accounts Receivable | (1.7 m) | 4.1 m |
Inventories | (26.6 m) | 176.3 m |
Accounts Payable | 7.4 m | 66.6 m |
Cash From Operating Activities | 124.7 m |
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 |
|---|---|---|---|---|
Net Income | (2.1 m) | |||
Depreciation and Amortization | 46.8 m | |||
Accounts Receivable | 27.4 m | 20.4 m | 23.8 m | |
Inventories | 28.6 m | 34.3 m | 38.5 m | |
Income Taxes Paid | 21 m | 21.3 m | 21.5 m | 15.6 m |
| USD | Y, 2017 |
|---|---|
Revenue/Employee | 45.2 k |
Financial Leverage | 3.2 x |
Gannett Operating Metrics
Gannett Acquisitions / Subsidiaries
| Acquired Company | Date | Deal Size |
|---|---|---|
| SweetiQ | April 20, 2017 | |
| ReachLocal | June 27, 2016 |
