December 21, 2014 12:53 AM ET

Media

Company Overview of Gannett Co., Inc.

Company Overview

Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. It operates through three segments: Broadcasting, Publishing, and Digital. The Broadcasting segment operates 43 television stations and affiliated online sites, which offer news, sports, entertainment, and advertising content. The Publishing Segment operates 82 U.S. daily publications with affiliated online sites, including USA TODAY, a national, general-interest daily publication; USATODAY.com; USA WEEKEND, a magazine supplement for publishing companies; Clipper magazine, a direct mail advertising magazine; and magazines for nurses and allied health professionals, as well as offer...

7950 Jones Branch Drive

McLean, VA 22107

United States

Founded in 1906

31,600 Employees

Phone:

703-854-6000

Key Executives for Gannett Co., Inc.

Chief Executive Officer
Age: 62
Total Annual Compensation: $2.9M
Chief Financial Officer
Age: 49
Total Annual Compensation: $1.3M
President of Gannett Broadcasting
Age: 55
Total Annual Compensation: $1.3M
President of U.S. Community Publishing Division
Age: 56
Total Annual Compensation: $1.3M
Chief Digital Officer and Senior Vice President
Age: 51
Total Annual Compensation: $965.0K
Compensation as of Fiscal Year 2013.

Gannett Co., Inc. Key Developments

Gannett Co. Provides Earnings Guidance for the Years 2014 and 2015

Gannett Co. provided earnings guidance for the year 2014. For the year, the company expected revenue growth of approximately 16% on a company-wide basis in 2014 over 2013. Broadcasting revenues on a pro forma basis are projected to be approximately 19% above 2013, with fourth quarter revenue growth forecast to be in the 23%-25% range. For the year 2015, the company expected retransmission revenue of $440 million to $445 million versus compared to its 2014 estimate of $365 million, capital expenditures of $135 million to $140 million compared to its 2014 estimate of $160 million to $170 million.

Gannett Co., Inc. Provides Earnings Guidance for the Fourth Quarter, Full Year 2014 and Full Year 2015

Gannett Co., Inc. provided earnings guidance for the fourth quarter, full year 2014 and full year 2015. For the quarter, the company expects EPS to be in the range of $1 to $1.02. For the year, the company expects adjusted EBITDA of approximately $1.5 billion, a 42% increase over last year. Net income is expected to be in the range of $630 million to $635 million and free cash flow of $860 million to $890 million, reflecting again strong operating results over the prior year, as each of segments continues to be strongly profitable, with adjusted EBITDA estimated to be nearly $1.5 billion. For 2015, capital expenditures are expected to be in the range of $135 million to $140 million, about $30 million lower than 2014 due to fewer real estate projects planned and the conclusion of the Belo, London and Cars.com integration work.

Gannett Co., Inc. Presents at UBS 42nd Annual Global Media and Communications Conference, Dec-10-2014 10:00 AM

Gannett Co., Inc. Presents at UBS 42nd Annual Global Media and Communications Conference, Dec-10-2014 10:00 AM. Venue: Westin New York Times Square, 270 West 43rd Street (at 8th Avenue), New York, New York, United States. Speakers: Dave Lougee, President, Gannett Broadcasting, Gracia C. Martore, Chief Executive Officer, President, Director, Member of Executive Committee and Member of Transformation Committee, Robert J. Dickey, President of U.S. Community Publishing Division, Victoria Dux Harker, Chief Financial Officer.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 15, 2014
Gannett Co., Inc., 17-Story Belo Building in Downtown Dallas
Merger/Acquisition
August 5, 2014
Classified Ventures, LLC
Spin-Off/Split-Off
August 5, 2014
Gannett Co., Inc., Publishing Business
 

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