Gannett

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, USMap
Websitegannett.com
Employee Ratings3.2More
Overall CultureDMore
View Jobs (223)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)16,980(-10%)
Job Openings223
Revenue (FY, 2018)$2.9 B(-7%)
Share Price (Nov 2020)$1.7 (+3%)
Cybersecurity ratingCMore

Key People/Management at Gannett

Mike Reed

Mike Reed

Chief Executive Officer, Chairman
Paul Bascobert

Paul Bascobert

Chief Executive Officer
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
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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

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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 (13-Nov-2020)

237.3m

Closing stock price (13-Nov-2020)

1.7

Cash (30-Sept-2019)

101.4m

EV

429.0m
Gannett's current market capitalization is $237.3 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%
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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
show all
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
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USDFY, 2016

Revenue/Employee

145.1k

Financial Leverage

3.3 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
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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

C

76/100

Learn more about our premium products
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Gannett Online and Social Media Presence

Gannett's Trends

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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

November 03, 2020

USA Today parent Gannett posts narrower-than-expected loss and revenue beat as it recovers from pandemic lows

USA Today parent Gannett Inc. posted a narrower-than-expected net loss for the third quarter and revenue that topped estimates as it enjoyed a rapid rebound from the second-quarter impact of the coronavirus pandemic. The company had a loss of $31.3 million, or 24 cents a share, in the quarter, comp…
September 29, 2020

Gannett Selects Uberall as its Global-Local Presence Management Solution

The company will help deliver an improved ‘Near Me’ Brand Experience for customers
August 06, 2020

Gannett swings to large loss, revenue jump 90% after closing Legacy Gannett acquisition

Shares of USA Today parent Gannett Co. Inc. rose 0.6% in premarket trading, after the media company reported it swung to a large second-quarter loss after an impairment charge while revenue rose 90%, boosted by the Legacy Gannett acquisition. The net loss was $436.9 million, or $3.32 a share, in th…
June 30, 2020

Gannett Fleming and IBI Group Awarded Technical Advisor Role on Scarborough & Yonge North Subway Extension Projects

– Joint venture partners will deliver key project objectives on behalf of Metrolinx and IO – – Joint venture partners will deliver key project objectives on behalf of Metrolinx and IO –
April 07, 2020

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…
April 01, 2020

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…
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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, Paul Bascobert and Jay Fogarty.

  • 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 Publications 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.