Gannett Co Inc (NYSE:GCI)
$ 5.19 0.06 (1.17%) Market Cap: 765.06 Mil Enterprise Value: 1.87 Bil PE Ratio: 0 PB Ratio: 3.18 GF Score: 55/100

Gannett Co Inc at Citi Global TMT West Conference Transcript

Jan 08, 2020 / 04:00PM GMT
Release Date Price: $6.09 (-1.14%)
Jason B. Bazinet
Citigroup Inc, Research Division - MD and U.S. Cable & Satellite Analyst

Good morning, everyone. We're very fortunate to have Michael Reed, CEO of Gannett, with us this morning. Michael, thank you for joining us.

Michael E. Reed
Gannett Co., Inc. - Chairman, CEO & President

Thank you.

Questions & Answers

Jason B. Bazinet
Citigroup Inc, Research Division - MD and U.S. Cable & Satellite Analyst

So the legacy firm you ran, New Media, you've spent many years, I mean, as many years as I have followed you, consolidating newspapers, bringing out synergies. The strategy worked really well. Your synergies were achieved. Your top line fared better than most peers in the newspaper industry. And then last year, you did a big acquisition, right, acquiring Gannett. Why you think this -- why was this acquisition a better course of action for your shareholders as opposed to the sort of the old New Media that I knew that would sort of focus on smaller transactions and tuck-ins as opposed to

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot