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
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Gannett Co Inc at Citi Global Technology Conference Transcript

Sep 06, 2023 / 08:45PM GMT
Release Date Price: $2.73 (-4.21%)
Michael E. Reed
Gannett Co., Inc. - Chairman, CEO & President

Hi, everyone. I'm Mike Reed, Chairman and CEO of Gannett, one of the largest media companies in the U.S. And we also have one of the largest media companies in the U.K. Currently, operate in about 250 markets across the country with daily and weekly digital and print news publications and of course, we have the USA Today here in the U.S.

Our audience is primarily digital and we're driving about 185 million uniques to our platform every month. And as you'll hear in the presentation today, about 40% of our revenue is now digital and we expect that to grow for that percentage decline pretty rapidly over the next couple of years.

So in terms of audience, we're one of the top 5 or 6 generally as scored by Comscore every single month. We're one of the top media companies in the U.S. going through an evolution from a legacy print business to a digital business and we'll talk a little bit about that today.

But first half of the year is, we've gotten off to a great start. Been really strong. We've hit a couple of

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