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, US
Websitegannett.com
Employee Ratings3.2
Culture scoreD

Latest Updates

Employees (est.) (Dec 2018)16,980(-10%)
Job Openings184
Revenue (FY, 2018)$2.9 B(-7%)
Share Price (May 2020)$1.4 (-3%)

Key People/Management at Gannett

Mike Reed

Mike Reed

Chief Executive Officer
Ali Engel

Ali Engel

Chief Financial Officer, Treasurer
Paul Bascobert

Paul Bascobert

Chief Executive Officer
Barbara Wall

Barbara Wall

Director
Show more

Gannett Office Locations

Gannett has offices in Tysons and Pittsford
Tysons, US (HQ)
7950 Jones Branch Dr
Pittsford, US
175 Sully's Trail
Show all (2)

Gannett Financials and Metrics

Gannett Revenue

Embed Graph
View revenue for all periods
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 (22-May-2020)

181.0m

Closing stock price (22-May-2020)

1.4

Cash (30-Sept-2019)

101.4m

EV

372.7m
Gannett's current market capitalization is $181 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
USDY, 2019

EV/EBIT

14.6 x

EV/CFO

3.7 x

Debt/Equity

0.3 x

Debt/Assets

0.1 x

Financial Leverage

2.4 x
Show all financial metrics

Gannett Operating Metrics

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

Average Monthly Unique Visitors

100 m100 m107 m118 m110 m114.50 m117 m126 m

Daily Newspaper's Circulation

4 m3.60 m

Markets

100 120 120 120 120

Mobile Applications Downloaded

25.70 m25.70 m26 m27 m27.70 m27 m28 m
Show all operating metrics

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.
Show more

Gannett Revenue Breakdown

Embed Graph

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

Gannett Online and Social Media Presence

Embed Graph

Gannett Company Culture

  • Overall Culture

    D

    58/100

  • CEO Rating

    C-

    64/100

  • Compensation

    D

    52/100

  • Diversity

    D

    55/100

Learn more on Comparably

Gannett News and Updates

Gannett adopts poison pill, stock soars after closing at record low

USA Today publisher Gannett Co. Inc. said Tuesday it has adopted a shareholder rights plan, also known as a poison pill, to preserve and protect its tax loss carryforwards from a change in control. The media company's stock soared 28% in premarket trading, after plummeting 67% over the past seven s…

Stocks making the biggest moves after hours: Gannett, Kraft Heinz, Boeing & more

Check out the companies making headlines after the bell.

Gannett suspends dividend and negotiates with creditors, to cut jobs and executive salaries

USA Today-parent Gannett Co. Inc. said Wednesday it is suspending its quarterly dividend, in an effort to perserve liquidity during the disruption caused by the COVID-19 pandemic. In late February, the media company said it planned to resume paying a quarterly dividend of 19 cents a share. The comp…

USA Today parent Gannett swings to a loss while sales rise, dividend announcement expected in May

USA Today-parent Gannett Co. Inc. reported that it swung to a fourth-quarter net loss of $95.1 million, or $1.05 a share, from income of $13.3 million, or 22 cents a share, in the year-ago period. There was no analyst estimate for net losses, according to FactSet. Sales rose $699.3 million from $41…

Reasons Why Gannett Stock Has Yet To Find A Bottom

Stock in the combined company — now named Gannett — is down 47% this year to $6.52 as of November 26, where will it go from here?

USA Today parent Gannett tops profit estimates but sales fall short

USA Today parent Gannett Co. Inc. said Monday it had net income of $10.6 million, or 9 cents a share, in the third quarter, down from $13.4 million, or 11 cents a share, in the year-earlier period. Revenue fell to $635.6 million from $711.7 million. The FactSet consensus was for EPS of 4 cents and …
Show more

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, Ali Engel and Paul Bascobert.

  • 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 Advance Publications, Cox Enterprises and Hearst.

  • 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.