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Gannett Co Inc (GCI.N)

GCI.N on New York Stock Exchange

9.82USD
18 Apr 2019
Change (% chg)

$-0.23 (-2.29%)
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$10.05
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$9.81
Volume
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Latest Key Developments (Source: Significant Developments)

Gannett Confirms Receipt Of Letter Provided To MNG Enterprises From Oaktree In Connection With MNG's Proposal To Buy Co
Thursday, 21 Mar 2019 

March 20 (Reuters) - Gannett Co Inc ::GANNETT COMMENTS ON MNG ENTERPRISES, INC.'S CONTINUED FAILURE TO PRODUCE A FINANCING COMMITMENT.NO SHAREHOLDER ACTION REQUIRED AT THIS TIME.GANNETT - CONFIRMED RECEIPT OF LETTER PROVIDED TO MNG ENTERPRISES FROM OAKTREE CAPITAL IN CONNECTION WITH MNG'S UNSOLICITED PROPOSAL TO ACQUIRE CO.GANNETT - CO'S BOARD OF DIRECTORS IS CONFIDENT THAT GANNETT HAS SIGNIFICANT VALUE CREATION POTENTIAL IN CONTINUING TO EXECUTE COMPANY'S STRATEGY.LETTER FROM OAKTREE STRATEGIC CREDIT DOES NOT ALTER COMPANY'S ASSESSMENT OF MNG'S PROPOSAL.GANNETT CO - CO'S BOARD WOULD ENGAGE WITH ANY PARTY THAT MAKES BONA FIDE, CREDIBLE PROPOSAL THAT APPROPRIATELY VALUES CO AND IS CAPABLE OF BEING CLOSED.  Full Article

MNG Enterprises Receives Letter To Finance Proposal To Acquire Gannett For $12.00 Per Share
Wednesday, 20 Mar 2019 

March 20 (Reuters) - MNG Enterprises Inc ::MNG ENTERPRISES RECEIVES HIGHLY CONFIDENT LETTER TO FINANCE PROPOSAL TO ACQUIRE GANNETT FOR $12.00 PER SHARE.OAKTREE "HIGHLY CONFIDENT" IN CO'S ABILITY TO ATTAIN DEBT FINANCING EQUAL TO NOT LESS THAN $1.725 BILLION REGARDING PROPOSED GANNETT DEAL.THE FINANCING WOULD BE SUFFICIENT TO REFINANCE EXISTING INDEBTEDNESS OF BOTH MNG AND GANNETT.FINANCING WOULD BE ENOUGH TO FULLY FINANCE $12.00/SHARE CASH PAYABLE TO GANNETT'S SHAREHOLDERS, AND PAY DEAL RELATED FEES.  Full Article

Gannett Co Sets Regular Quarterly Cash Dividend Of $0.16 Per Share
Thursday, 28 Feb 2019 

Feb 27 (Reuters) - Gannett Co Inc ::SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.16PER SHARE.  Full Article

Gannett Says Its Board Unanimously Rejects Unsolicited Proposal From MNG Enterprises
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Gannett Co Inc ::GANNETT BOARD OF DIRECTORS UNANIMOUSLY REJECTS UNSOLICITED PROPOSAL FROM MNG ENTERPRISES, INC..GANNETT BOARD OF DIRECTORS UNANIMOUSLY REJECTS UNSOLICITED PROPOSAL FROM MNG ENTERPRISES, INC..GANNETT CO INC - "MNG PROPOSAL UNDERVALUES GANNETT".GANNETT CO INC - "MNG FAILS TO ANSWER HOW TRANSACTION WILL BE FINANCED OR CLOSED".GANNETT CO INC - "GANNETT DOES NOT BELIEVE MNG'S PROPOSAL IS CREDIBLE.".  Full Article

Gannett pursuing purchase of Gizmodo Media Group- WSJ
Wednesday, 16 Jan 2019 

Jan 15 (Reuters) - :GANNETT INC. HAS BEEN PURSUING A PURCHASE OF DIGITAL PUBLISHER GIZMODO MEDIA GROUP - WSJ, CITING SOURCES.  Full Article

Gannett CEO Robert J. Dickey To Retire
Thursday, 6 Dec 2018 

Dec 5 (Reuters) - Gannett Co Inc ::GANNETT INITIATES LEADERSHIP SUCCESSION PROCESS.GANNETT CO INC - CHIEF EXECUTIVE OFFICER ROBERT J. DICKEY HAS INFORMED COMPANY'S BOARD OF DIRECTORS OF HIS INTENTION TO RETIRE.GANNETT CO INC - BOARD ENGAGED AN OUTSIDE SEARCH FIRM TO ASSIST IN EVALUATING BOTH INTERNAL AND EXTERNAL CHIEF EXECUTIVE OFFICER CANDIDATES.GANNETT CO INC - DICKEY HAS AGREED TO STAY ON UNTIL MAY 7, 2019, OR, IF EARLIER, UNTIL A SUCCESSOR IS NAMED.  Full Article

Gannett ‍announces organizational changes
Monday, 13 Nov 2017 

Nov 13 (Reuters) - Gannett Co Inc :Gannett - ‍announced organizational change to align co's focus on 2 primary businesses: marketing solutions and consumer​.Gannett - ‍Kris Barton has been named chief product officer, usa today network​.Gannett - ‍gannett publishing services will report to ali engel, svp, CFO and treasurer at gannett​.Gannett - ‍Kevin Gentzel's role as chief revenue officer will expand to leading all advertising, marketing solutions revenue in north america​.Gannett - ‍Sharon Rowlands, ceo of reachlocal, to lead marketing solutions business​.Gannett Co Inc - ‍Maribel Perez Wadsworth, who has been named president, USA today network to lead consumer business​.  Full Article

Gannett sees FY 2017 revenue $3.15 bln to $3.22 bln
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Gannett Co Inc ::Gannett reports third quarter 2017 results of operations.Sees FY 2017 revenue $3.15 billion to $3.22 billion.Q3 revenue $744.3 million versus I/B/E/S view $766.5 million.Gannett Co Inc - qtrly ‍​earnings per share $0.20.Gannett Co Inc- ‍reiterates its prior revenue guidance for 2017 of $3.15 billion to $3.22 billion and adjusted EBITDA guidance for 2017 for $360 million to $365 million​.Gannett Co Inc sees ‍FY 2017 capital expenditures of about $60 million to $65 million, not including real estate projects​.Gannett Co Inc - qtrly ‍adj earnings per share $0.16​.FY2017 revenue view $3.16 billion -- Thomson Reuters I/B/E/S.  Full Article

Shareholder pushing for mandatory arbitration seeks to block J&J's annual meeting

There has been a significant escalation in the fight over whether corporations can require shareholders to arbitrate claims against the company.