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Gannett Co Inc (GCI.N)

GCI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Gannett privately sweetens takeover offer for Los Angeles Times & Chicago Tribune owner Tronc; details of new offer not yet known - CNBC, citing DJ
Thursday, 18 Aug 2016 

Gannett Co Inc : privately sweetens takeover offer for Los Angeles Times & Chicago Tribune owner Tronc; details of new offer not yet known - CNBC, citing DJ Further company coverage: [GCI.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gannett Q2 adjusted earnings per share $0.30
Wednesday, 27 Jul 2016 

Gannett Co Inc : Gannett reports second quarter 2016 results of operations . Q2 total operating revenue $748.8 million versus $727.1 million . Q2 adjusted earnings per share $0.30 . Q2 earnings per share view $0.31 -- Thomson Reuters I/B/E/S . By end of Q3, expect that annualized revenues acquired in last twelve months will be more than $800 million . Gannett Co Inc says now expects year over year revenue growth for second half of 2016 of between 7% and 9% . Company has revised its annual guidance . Qtrly digital-only subscriptions grew 40% . Additionally for second half of 2016, company expects capital expenditures of $30-$40 million, not including real estate projects . Sees annualized digital component of revenues approaching $1 billion . Because of forex exposure in UK, see appreciation of dollar to sterling, will result in reduction in reported adjusted EBITDA of $6 million for H2 2016 . "Margins will remain under pressure, particularly in Q3, driven by impact of recently acquired businesses" .Q2 revenue view $768.5 million -- Thomson Reuters I/B/E/S.  Full Article

Gannett sets quarterly cash dividend of $0.16 per share
Wednesday, 20 Jul 2016 

Gannett Co Inc :Sets regular quarterly cash dividend of $0.16 per share.  Full Article

Gannett acquires North Jersey Media Group
Wednesday, 6 Jul 2016 

Gannett Co Inc : Gannett acquires North Jersey Media Group . Expects acquisition to contribute approximately $90 million in annual revenues . Acquired certain assets of North Jersey Media Group, including Record (Bergen County), Herald News, and affiliated digital properties . Following acquisition, gannett operates USA Today and 109 dailies in 34 states and Guam, in addition to Newsquest in U.K. .Says also included in sale are Community News Group, Magazine Group, and Events Group.  Full Article

Gannett Co to acquire digital marketing solutions company Reachlocal Inc
Tuesday, 28 Jun 2016 

Gannett Co Inc : Gannett to acquire digital marketing solutions company Reachlocal Inc . Deal for total enterprise value of approximately $156 million . Gannett expects this transaction to be approximately neutral to earnings per share in its first full year . Deal for $4.60 per share in cash . Gannett expects transaction to be modestly accretive in its second full year . Under terms, subsidiary of Gannett will commence tender offer for all outstanding shares of reachlocal for $4.60 per share in cash . Gannett co inc says transaction has been unanimously approved by boards of directors of both companies . Initially, Reachlocal will expand co's digital revenue by roughly 50% with more than 16,000 customers throughout north america, latam etc .Following closing of tender offer, in a second-step merger requiring no stockholder approval, co will acquire remaining reachlocal shares.  Full Article

TheStreet appoints USA Today editor-in-chief David Callaway as CEO
Thursday, 9 Jun 2016 

Thestreet Inc : Larry kramer to return to post as non-executive chairman of board . Larry s. Kramer , interim ceo, will step down and resume his position as non-executive chairman of board . Announced appointment of usa today editor-in-chief david callaway as chief executive officer .Thestreet appoints news veteran david callaway as chief executive officer.  Full Article

Gannett says continues to believe Tribune board should engage constructively with it
Tuesday, 7 Jun 2016 

Gannett : Continues to believe that Tribune board should engage constructively with Gannett . Believes it is imperative for due diligence to occur given apparent series of changes inside Tribune that may diminish its value to co .Issues statement regarding its $15.00 per share all-Cash premium offer to acquire Tribune Publishing Company.  Full Article

Gannett said leaning toward dropping its bid for Tribune - Bloomberg reporter Alex Sherman tweets
Thursday, 2 Jun 2016 

Gannett said leaning toward dropping its bid for Tribune : Bloomberg reporter Alex Sherman tweets.  Full Article

BRIEF-Gannett Co CEO Robert Dickey's Total Compensation For 2017 Was $8.7 Mln

* GANNETT CO INC CEO ROBERT J. DICKEY'S TOTAL COMPENSATION FOR 2017 WAS $8.7 MILLION VERSUS $6.9 MILLION IN 2016 - SEC FILING Source text for Eikon: (http://bit.ly/2udeS6q) Further company coverage: