gannett co (GCI) Key Developments
Gannett Co., Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2015; Reports Asset Impairment Charges for the First Quarter Ended March 29, 2015
Apr 21 15
Gannett Co., Inc. reported unaudited consolidated earnings results for the first quarter ended March 29, 2015. For the quarter, the company’s operating revenues were $1,472.765 million against $1,404.066 million a year ago. Growth of 85.1% in digital segment revenues, helped by the acquisition of Cars.com and strong organic growth at both Cars.com and CareerBuilder, fueled the increase. Non-GAAP operating income was 7.5% higher, due primarily to a significant increase in profitability in the Digital Segment and the strong performance of the company's television station portfolio despite very difficult year-over-year comparisons. Operating income was $230.928 million against $203.994 million a year ago. Income before income taxes was $188.007 million against $122.089 million a year ago. Net income attributable to the company was $112.894 million against $59.159 million a year ago. Net income per diluted share was $0.49 against $0.25 a year ago. Non-GAAP net income attributable to the company was $112.765 million or $0.49 per diluted share against $108.424 million or $0.47 per diluted share a year ago. Adjusted operating income was $243.745 million against $226.759 million a year ago. Adjusted EBITDA was $325.315 million against $284.786 million a year ago. Net cash flow from operating activities was $145.464 million, purchase of property, plant and equipment was $19.121 million. Non-GAAP income before income taxes was $175.144 million against $165.254 million a year ago.
For the first quarter ended March 29, 2015, the company reported asset impairment charges of $5.940 million.
Gannett Co., Inc. Names Joyce Jenereaux as President and Publisher of the Detroit Free Press, Effective May 16, 2015
Apr 17 15
Gannett Co., Inc. named Joyce Jenereaux as president and publisher of the Detroit Free Press, effective May 16, 2015. Jenereaux will also retain her responsibilities as president of Michigan.com, which represents all of Gannett’s community publishing properties in Michigan, and serves as business agent for The Detroit News. Jenereaux has been president of the Free Press since 2013, and president of Michigan.com since 2011.
Gannett Partners with ViewLift to Offer Digital Sports and Entertainment Video Content
Apr 17 15
Gannett Co., Inc. announced an agreement with ViewLift to explore development of a new digital sports video service. This new entity will focus on streaming unique sports-related content and select, relevant movies across multiple devices smartphones, tablets, televisions, and PCs. The new entity will explore a hybrid service harnessing local broadcast TV capabilities for the national distribution of digital video aimed at delighting the avid sports fan. This content will give viewers the opportunity to go beyond the game and its highlights by accessing a rich library of video about players, teams and others who make sports one of nation s prime passions. As part of this agreement, Gannett will leverage one of the nation's affiliate television station groups and its editorial and marketing solutions leadership while ViewLift will provide platform services, proprietary technology, complementary content and operating expertise.
Gannett Co., Inc. Names David Chivers as President and Publisher of The Des Moines Register and Regional President of U.S. Community Publishing Central Group
Apr 16 15
Gannett Co., Inc. named David Chivers as president and publisher of The Des Moines Register and regional president of U.S. Community Publishing Central Group, where he will assume strategic and financial oversight responsibilities for the Iowa City Press-Citizen, the St. Cloud (MN) Times, the Argus Leader in Sioux Falls, SD, the Springfield (MO) News-Leader and The Baxter Bulletin in Mountain Home, AR. Most recently, Chivers was chief digital officer at Jostens.
Gannett Co., Inc. to Report Q1, 2015 Results on Apr 21, 2015
Apr 6 15
Gannett Co., Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Apr 21, 2015