This article is about the demerged Gannett Co., Inc. For the company holding broadcasting and digital assets known as Gannett until 2015, see Tegna Inc. For other uses, see Gannett (disambiguation).
Gannett Co., Inc.
Gannett headquarters in Tysons, Virginia
Company type
Public
Traded as
NYSE: GCI
ISIN
US36472T1097
Industry
Media
Genre
Publishing
Founded
Rochester, New York October 6, 1906; 117 years ago (1906-10-06)
Founder
Frank Gannett
Successor
Tegna Inc. (Broadcasting)
Headquarters
Tysons, Virginia, U.S.
Key people
Mike Reed
(Chairman and CEO)
Services
Publishing/Digital Marketing Solutions
Revenue
US$ 2.9 billion (2022)[1]
Operating income
–US$ 146 million (2019)[2]
Net income
–US$ 119 million (2019)[2]
Total assets
US$ 4.02 billion (2019)[2]
Total equity
US$ 981 million (2019)[2]
Owner
Fortress Investment Group
Number of employees
11,200[1] (2022)
Parent
New Media Investment Group
Subsidiaries
Newsquest
Website
gannett.com
Gannett Co., Inc. (/ɡəˈnɛt/) is an American mass media holding company headquartered in Tysons, Virginia, in the Washington, D.C., metropolitan area.[3][4] It is the largest U.S. newspaper publisher as measured by total daily circulation.[5]
It owns the national newspaper USA Today, as well as several local newspapers, including the Austin American-Statesman;Detroit Free Press; The Indianapolis Star; The Cincinnati Enquirer; The Columbus Dispatch; The Florida Times-Union in Jacksonville, Florida; The Tennessean in Nashville, Tennessee; The Daily News Journal, in Murfreesboro, Tennessee; The Courier-Journal in Louisville, Kentucky; the Democrat and Chronicle in Rochester, New York; The Des Moines Register; the El Paso Times; The Arizona Republic in Phoenix, Arizona; The News-Press in Fort Myers, Florida; the Milwaukee Journal Sentinel; the Argus Leader, and the Great Falls Tribune.
In 2015, Gannett split into two publicly traded companies, one focusing on newspapers and publishing and the other on broadcasting. The broadcasting company took the name Tegna, and owns about 68 TV stations. The newspaper company inherited the Gannett name. The split was structured so that Tegna is the legal successor of the old Gannett, while the new Gannett is a spin-off.[6]
In November 2019, New Media Investment Group acquired and merged its GateHouse Media subsidiary into Gannett, creating the largest newspaper publisher in the United States, which adopted the Gannett name. Mike Reed[7] was named CEO.[8][9]
^ abFischer, Sara; Flynn, Kerry (March 7, 2023). "Gannett shed nearly half its workforce since GateHouse merger". Axios.
^"Contact Us Archived January 26, 2011, at the Wayback Machine." Gannett Company. Retrieved on January 10, 2011. "7950 Jones Branch Drive McLean, VA 22107-0150."
^"Tysons Corner CDP, Virginia Archived November 10, 2011, at the Wayback Machine." United States Census Bureau. Retrieved May 7, 2009.
^"Gannett Company, Inc". Library of Congress. Retrieved August 9, 2020.
^Chen, Angela (March 12, 2015). "Gannett Split to Close By Mid-Year". The Wall Street Journal. Retrieved June 9, 2015.
^Guynn, David Brinkerhoff and Jessica. "CEO of Gannett's operating company, Paul Bascobert, will leave company; Mike Reed assumes responsibilities". USA Today. Retrieved September 8, 2020.
^Tracy, Marc (November 19, 2019). "Gannett, Now Largest U.S. Newspaper Chain, Targets 'Inefficiencies'". The New York Times.
^"New Media and Gannett Complete Merger, Creating Leading U.S. Print and Digital News Organization" (Press release). Business Wire. November 19, 2019.
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Global Information
US$ 2.9 billion (2022)[1]
–US$ 146 million (2019)[2]