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November 22, 2009 4:29 AM ET

Gannett Co., Inc. (GCI:NYSE)

LAST $10.38 USD
CHANGE TODAY -0.51 -4.68%
VOLUME 4.3M
As of 4:01 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Gannett Co., Inc. (GCI)

OPEN
$10.74
PREVIOUS CLOSE
$10.89
DAY HIGH
$10.83
DAY LOW
$10.33
52 WEEK HIGH
10/20/09 - $14.18
52 WEEK LOW
03/10/09 - $1.85
MARKET CAP
2.5B
AVERAGE VOLUME 3 mo
5.3M
DILUTED EPS TTM
$-19.71
SHARES OUTSTANDING
236.2M
EX-DATE
12/9/09
P/E TTM
NM
DIVIDEND
$0.16
DIVIDEND YIELD
1.54%
K = Thousands  M = Millions  B = Billions

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GCI Details

Gannett Co., Inc. operates as a news and information company. It operates in three segments: Publishing, Digital, and Broadcasting. Publishing segment publishes daily newspapers, weekly newspapers, magazines, and trade publications, as well as classified business Web sites. It offers 85 U.S. daily newspapers, including USA TODAY, and approximately 850 non-daily local publications in 31 states and Guam, as well as publishes 17 daily paid-for newspapers and approximately 200 weekly newspapers, magazines, and trade publications in the United Kingdom. This segment also engages in the commercial printing, newswire, and marketing and data services operations. Digital segment owns and operates CareerBuilder, an employment Web site, which offers job postings and related products to employers; provides multichannel shopping and advertising services connecting advertisers and consumers; and offers local online search and advertising technology. It also provides Internet technology that enables advertisers, agencies, and publishers to interact with consumers through online conversation; hosted search and advertising services; scheduling athletic solution that generates and updates school’s schedules, scores, stats, and game directions; and social media services to advertisers and marketers. Broadcasting segment operates 23 television stations in the U.S. These stations operate Web sites offering news, entertainment, and advertising content in text and video format. This segment also includes Captivate Network, a national news and entertainment network that delivers programming and full-motion video advertising through video screens located in elevators of office towers and select hotel lobbies across North America. The company has strategic business relationships with online affiliates, including CareerBuilder; Classified Ventures; ShopLocal. com; Topix.net; and Metromix LLC. Gannett Co. was founded in 1906 and is headquartered in McLean, Virginia.

41,500 Employees
Founded in 1906

GCI Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Age: 54
Total Annual Compensation: $2.0M
Chief Financial Officer and Executive Vice Pr...
Age: 57
Total Annual Compensation: $1.0M
Chairman of Newsquest Media Group and Chief E...
Age: 54
Total Annual Compensation: $1.1M
President of U.S. Community Publishing Divisi...
Age: 51
Total Annual Compensation: $948.0K
President of Broadcasting Division and Member...
Age: 50
Total Annual Compensation: $795.0K
Compensation as of Fiscal Year 2008.

Key developments for Gannett Co., Inc. (GCI)

Gannett Co. Inc. Declares Quarterly Dividend, Payable on January 4, 2010

The Board of Directors of Gannett Co. Inc. declared a dividend of 4 cents per share, payable on January 4, 2010 to shareholders of record as of the close of business on December 11, 2009.

Gannett Co., Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).

Gannett Co., Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 20, 2009).

Gannett Co., Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2009

Gannett Co., Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2009. For the quarter, the company reported net income of $85,193,000 and net income attributable to company of $73,752,000 or $0.31 per basic and diluted share on total operating revenue of $1,336,583,000 against net income of $159,198,000 and net income attributable to company of $158,057,000 or $0.69 per basic and diluted share on total operating revenue of $1,637,310,000 for the same period a year ago. Operating income of $156,961,000 compared to $259,181,000 for the same period a year ago. Income before income taxes of $122,093,000 compared to $215,898,000 for the same period a year ago. Non-GAAP operating income of $198,489,000 compared to $282,156,000 for the same period a year ago. Non-GAAP income before income taxes of $169,059,000 compared to $238,873,000 for the same period a year ago. Adjusted net income attributable to company of $104,066,000 or $0.44 per share compared to net income attributable to company of $172,431,000 or $0.76 per share for the same period a year ago. For the nine months, the company reported net income of $241,249,000 and net income attributable to company of $221,668,000 or $0.95 per basic share and $0.94 per diluted share on total operating revenue of $4,127,654,000 against net loss of $1,939,737,000 and net loss attributable to company of $1,940,921,000 or $8.49 per basic and diluted share on total operating revenue of $5,032,168,000 for the same period a year ago. Operating income of $465,912,000 compared to operating loss of $1,546,734,000 for the same period a year ago. Income before income taxes of $357,349,000 compared to loss before income taxes of $1,917,537,000 for the same period a year ago. Non-GAAP operating income of $538,123,000 compared to $972,022,000 for the same period a year ago. Non-GAAP income before income taxes of $420,287,000 compared to $836,332,000 for the same period a year ago. Adjusted net income attributable to company of $269,553,000 or $1.15 per share compared to net income attributable to company of $585,748,000 or $2.56 per share for the same period a year ago.

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Industry Analysis

Valuation GCI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.4x
Price/Book 1.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

GCI

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GCI transactions

Type
Date
Target
Private Placement
September 29, 2009
--
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