Gannett
{{short description|United States newspaper company}}
{{About|the demerged Gannett Co., Inc|the company holding broadcasting and digital assets known as Gannett until 2015|Tegna Inc.|other uses|Gannett (disambiguation)}}
{{Use mdy dates|date=October 2022}}
{{Infobox company
| name = Gannett Co., Inc.
| logo = Gannett.svg
| image =
| image_caption =
| type = Public
| traded_as = {{ubl|{{NYSE|GCI}}|Russell 2000 component}}
| ISIN = {{ISIN|sl=n|pl=y|US36472T1097}}
| genre = Publishing
| successor = Tegna Inc. (Broadcasting)
| founder = Frank Gannett
| key_people = {{ubl|Mike Reed|(chairman and CEO)}}
| industry = Media
| products =
| services = Publishing/Digital Marketing Solutions
| revenue = {{up}} {{US$|2.9 billion|link=yes}} (2022)
| operating_income = {{nowrap| {{down}} US$–146 million (2019){{cite web | url=https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_GCI_2019.pdf | title=Gannett SEC Filing 10-K 2019 | access-date=July 11, 2019 | archive-date=September 26, 2020 | archive-url=https://web.archive.org/web/20200926222807/https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_GCI_2019.pdf | url-status=dead }}}}
| net_income = {{nowrap| {{down}} US$–119 million (2019) }}
| assets = {{up}} US$4.02 billion (2019)
| equity = {{up}} US$981 million (2019)
| owner = Fortress Investment Group
| num_employees_year = 2022
| divisions =
| subsid = Newsquest
| parent = New Media Investment Group
| founded = {{Start date and age|1906|10|6}} in Rochester, New York
{{Start date and age|2015|6|29}} (current Gannett Company)
| hq_location = New York City, New York, U.S.
| website = {{URL|gannett.com}}
}}
Gannett Co., Inc. ({{IPAc-en|g|ə|'|n|ɛ|t}}) is an American mass media holding company headquartered in New York City.{{Cite news |last=Liu |first=Nicholas |date=March 10, 2024 |title=USA Today Owner Gannett Moves HQ from VA to the Theater District |url=https://www.westsidespirit.com/news/usa-today-owner-gannett-moves-hq-from-va-to-the-theater-district-GA3211899 |access-date=June 30, 2024 |work=West Side Spirit}} It is the largest U.S. newspaper publisher as measured by total daily circulation.{{Cite web|title=Gannett Company, Inc.|url=https://www.loc.gov/item/lcwaN0016970/|access-date=August 9, 2020|website=Library of Congress}}
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 Tallahassee Democrat in Tallahassee, 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; the Pueblo Chieftain; 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.{{cite web|url=https://www.wsj.com/articles/gannett-split-to-close-by-mid-year-1426169371|title=Gannett Split to Close By Mid-Year|last=Chen|first=Angela|work=The Wall Street Journal|url-access=subscription |date=March 12, 2015|access-date=June 9, 2015}}
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{{Cite web|last=Guynn|first=David Brinkerhoff and Jessica|title=CEO of Gannett's operating company, Paul Bascobert, will leave company; Mike Reed assumes responsibilities|url=https://www.usatoday.com/story/money/2020/06/18/gannett-ceo-gannett-co-s-operating-company-leave-company/3217196001/|access-date=September 8, 2020|website=USA Today|language=en-US}} was named CEO.{{cite news| url=https://www.nytimes.com/2019/11/19/business/media/gannett-gatehouse-merger.html|title=Gannett, Now Largest U.S. Newspaper Chain, Targets 'Inefficiencies'|last=Tracy|first=Marc|work=The New York Times|date=November 19, 2019 |url-access=limited}}{{cite press release|url=https://www.businesswire.com/news/home/20191119005997/en/New-Media-Gannett-Complete-Merger-Creating-Leading|title=New Media and Gannett Complete Merger, Creating Leading U.S. Print and Digital News Organization|publisher=Business Wire|date=November 19, 2019}}
Gannett along with 91 additional Fortune 500 companies had "paid an effective federal tax rate of 0% or less" in 2018 as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.{{cite news | first = Jesse | last = Pound | title = These 91 companies paid no federal taxes in 2018| work = CNBC | date = December 16, 2019 | url = https://www.cnbc.com/2019/12/16/these-91-fortune-500-companies-didnt-pay-federal-taxes-in-2018.html | access-date = 2020-02-11}}
History
=1906–1983=
Gannett Company, Inc. was formed in 1923 by Frank Gannett in Rochester, New York, as an outgrowth of the Elmira Gazette, a newspaper business he had begun in Elmira, New York, in 1906. Gannett, who was known as a conservative,{{Cite book|author=Lichtman, Allan J.|title=White Protestant Nation: The Rise of the American Conservative Movement|year=2008|page=[https://archive.org/details/whiteprotestantn00lich/page/87 87]|publisher=Atlantic Monthly Press |isbn=978-0-87113-984-9|url-access=registration|url=https://archive.org/details/whiteprotestantn00lich/page/87}} gained fame and fortune by purchasing small independent newspapers and developing them into a large chain, a 20th-century trend that helped the newspaper industry remain financially viable.{{Cite web|url=http://www.oprhp.state.ny.us/hpimaging/hp_view.asp?GroupView=4011|title=National Register of Historic Places Registration: Gannett Building|date=August 1985|access-date=November 1, 2009|author=Ted Bartlett|publisher=New York State Office of Parks, Recreation and Historic Preservation|archive-url=https://web.archive.org/web/20120920014117/http://www.oprhp.state.ny.us/hpimaging/hp_view.asp?GroupView=4011|archive-date=September 20, 2012|url-status=dead}}
In April 1957, Paul Miller succeeded Frank Gannett as president and CEO when the group held 19 newspapers over four states; Florida not among them. Miller became frustrated after repeated unsuccessful attempts to acquire a foothold in Florida, then targeted Brevard County. He spoke to Marie Holderman, the owner and publisher of the Cocoa Tribune, and shared his plan for a morning daily paper in Brevard County. Holderman was not interested. Over the next few years, several Gannett representatives attempted to negotiate a purchase, without success.
In the late 1950s, Al Neuharth was assistant managing editor at the Miami Herald and became acquainted with Marie Holderman. In 1963, he was hired by Miller to manage the Democrat and Chronicle in Rochester, New York. Two years later, he asked Miller for an opportunity to persuade Holderman.
In their meeting, Neuharth complimented the Tribune, but told Holderman that she lacked the resources to win a competition. Holderman was invited to Rochester for a meeting to talk with Gannett executives. The Gannett corporate airplane flew four people from Florida to New York.
John Pound, managing editor joined Holderman and her two granddaughters on the trip in May 1965. Convinced of Gannett's determination and at age 81, Holderman decided to sell, and Pound told the executives they wanted $1.9 million in compensation. Neuharth's response: "We told them that was a fair price and we certainly paid her more than she expected to get."{{cite web |title=BREVARD HISTORY: Al Neuharth's Vision Leads Way In Creating Newspaper |url=https://spacecoastdaily.com/2019/06/neuharths-vision-leads-way-in-creating-newspaper/ |website=Spacecoastdaily.com |date=June 24, 2019 |publisher=Maverick Multimedia, Inc. |access-date=26 January 2024}}
In 1966, Neuharth took charge of Gannett Florida. After a few months, the Hudson family in Titusville decided to sell the Star Advocate to Gannett for $1 million.
Neuharth started Today in Cocoa, which eventually became Florida Today.{{cite web |title=Allen H. Neuharth to address Class of 1995 |url=http://www.udel.edu/PR/UpDate/95/21/1.html |website=Udel.edu |publisher=University of Delaware |access-date=10 August 2011}} By June 1966, paid subscriptions were 33,000, far exceeding their goal of 20,000 by the end of the year. The paper became profitable in 1968 after just 33 months.
Miller was succeeded by Al Neuharth in 1973.
In 1978, Gannett acquired Combined Communications Corp.,{{Cite news|last=Kleinfield|first=N. R.|date=May 9, 1978|title=Combined Communications Agrees To a $370 Million Gannett Merger|language=en-US|work=The New York Times|url=https://www.nytimes.com/1978/05/09/archives/combined-communications-agrees-to-a-370-million-gannett-merger.html|access-date=September 6, 2021|issn=0362-4331}} operator of 2 major daily newspapers, the Oakland Tribune and The Cincinnati Enquirer, seven television stations, 13 radio stations, as well as an outdoor advertising division, for $370 million.{{cite news|via=Associated Press|title=Gannett, Combined Communications agree to $370-million merger|url=https://news.google.com/newspapers?id=n98LAAAAIBAJ&pg=6669,99269&dq=gannett+combined+communications&hl=en|access-date=April 1, 2013|newspaper=St. Petersburg Times|date=May 9, 1978}}{{cite news|via=Associated Press|title=Gannett Corp. wins giant merger OK|url=https://news.google.com/newspapers?id=44cqAAAAIBAJ&pg=6972,2186313&dq=gannett+combined+communications&hl=en|access-date=April 1, 2013|newspaper=Deseret News|date=June 8, 1979}} The outdoor advertising became known as Gannett Outdoor, before being acquired by Outdoor Systems (previously a division of 3M), before the company was sold to Infinity Broadcasting, which later became part of Viacom, and was part of CBS Corporation, until 2014 when CBS Outdoor went independent and became Outfront Media.
The News Journal in Wilmington, Delaware was purchased from DuPont and The Tennessean in Nashville in 1979, when the chain had grown to 79 newspapers.Neiva, Elizabeth M. [http://www.h-net.org/~business/bhcweb/publications/BEHprint/v024n1/p0022-p0026.pdf Chain Building: The Consolidation of the American Newspaper Industry, 1955-80] {{webarchive|url=https://web.archive.org/web/20120619091733/http://www.h-net.org/~business/bhcweb/publications/BEHprint/v024n1/p0022-p0026.pdf|date=June 19, 2012}}, Business and Economic History, 24(1), (Fall 1995) In 1982, the broadcasting unit partnered with Telepictures Corporation to start out its Newscope program.{{Cite news |date=August 23, 1982 |title=Daily news series to be offered by Gannett/Telepictures |pages=49 |work=Broadcasting |url=https://www.worldradiohistory.com/hd2/IDX-Business/Magazines/Archive-BC-IDX/82-OCR/1982-08-23-BC-OCR-Page-0049.pdf |access-date=October 24, 2023}}
Gannett's oldest newspaper is the Berrow's Worcester Journal based in Worcester, England and founded in 1690. In the United States, the oldest newspapers still in circulation are the Poughkeepsie Journal, founded in Poughkeepsie, New York in 1785, and The Leaf-Chronicle founded in Clarksville, Tennessee in 1808.
=1984–2013=
In 1984, John Curley was appointed president and COO. In 1985, Curley became CEO and continued as president.{{cite press release|url=https://www.tegna.com/john-curley-announces-retirement-mccorkindale-succeeds-as-ceo/|date=May 2, 2000|title=John Curley Announces Retirement; McCorkindale Succeeds as CEO|work=Tegna|access-date=August 24, 2019}}
The company was headquartered in Rochester until 1986, when it moved to Arlington County, Virginia. Its former headquarters building, the Gannett Building, was listed on the National Register of Historic Places in 1985.{{NRISref|2009a}}
Douglas H. McCorkindale succeeded Curley as CEO in 2000 and chairman in 2001.{{Cite web|date=May 2, 2000|title=John Curley Announces Retirement; McCorkindale Succeeds as CEO|url=https://www.tegna.com/john-curley-announces-retirement-mccorkindale-succeeds-as-ceo/|access-date=August 31, 2021|website=TEGNA|language=en-US}} That year, the company moved to its headquarters in Tysons Corner, Virginia, a suburb of Washington, D.C.
Beginning in 2005 at the Fort Myers News-Press, Gannett pioneered the mojo concept of mobile multimedia journalists, reporters who were initially untethered from conventional newsrooms and drove around their communities filing hyperlocal news in various formats including text for print publication, still photos for print and online publication, and audio and video for the News-Press website.{{Cite journal|last=Martyn|first=Peter H.|title=The Mojo in the Third Millennium|journal=Journalism Practice|year=2009|volume=3|issue=2|pages=196–215|doi=10.1080/17512780802681264|s2cid=142569754|issn=1751-2794}} The practice has spread throughout the chain.{{cite book|last1=Rich|first1=Carole|title=Writing and Reporting News : a Coaching Method|date=2013|publisher=Cengage Wadsworth|location=Boston, MA|isbn=978-1111344443|page=98|edition=7th|url=https://books.google.com/books?id=GqOaBAAAQBAJ&pg=PA98}}
In 2010, Gannett increased executive salaries and bonuses; for example, Bob Dickey, Gannett's U.S. newspapers division president, was paid $3.4 million in 2010, up from $1.9 million the previous year. The next year, the company laid off 700 U.S. employees to cut costs. In the memo announcing the layoffs, Dickey wrote, "While we have sought many ways to reduce costs, I regret to tell you that we will not be able to avoid layoffs."Bullard, Gabe (June 21, 2011). [http://archives.wfpl.org/2011/06/21/gannett-executive-bonuses-criticized-amid-layoffs/ "Gannett Executive Bonuses Criticized Amid Layoffs"]. Louisville, KY: WFPL.
On March 7, 2011, Gannett replaced the stylized "G" logo in use since the 1970s (notably used on its TV stations as a corporate/local ID with different animations), and adopted a new company tagline: "It's all within reach."Lieberman, David (March 4, 2011). [https://www.usatoday.com/money/media/2011-03-04-gannett-branding_N.htm "Gannett launches corporate branding campaign"]. USA Today.
In February 2012, Gannett announced that it would implement a paywall system across all of its daily newspaper websites, with non-subscriber access limited to between five and fifteen articles per month, varying by newspaper. The USA Today website became the only one to allow unrestricted access.Bercovici, Jeff (February 22, 2012). [https://www.forbes.com/sites/jeffbercovici/2012/02/22/gannett-building-paywalls-around-all-its-papers-except-usa-today/ "Gannett Building Paywalls Around All Its Papers Except USA Today"]. Forbes.
On March 24, 2012, the company announced that it would discipline 25 employees in Wisconsin who had signed the petition to recall Governor Scott Walker, stating that this open public participation in a political process was a violation of the company's code of journalistic ethics and that their primary responsibility as journalists was to maintain credibility and public trust in themselves and the organization.{{Cite news|title=Genia Lovett column: Post-Crescent journalists shouldn't have signed Wisconsin Governor Scott Walker recall petitions|url=http://www.postcrescent.com/article/20120324/APC0101/203240566|date=March 24, 2012|first=Genia|last=Lovett|work=The Post-Crescent|location=Appleton, WI|archive-date=March 27, 2012|archive-url=https://web.archive.org/web/20120327151736/http://www.postcrescent.com/article/20120324/APC0101/203240566}}
On August 21, 2012, Gannett acquired Blinq Media.{{Cite news|url=https://www.usatoday.com/money/media/story/2012-08-21/gannett-acquires-blinq-media/57191320/1|title=Gannett buys social-media ad company Blinq Media|first=Roger|last=Yu|work=USA Today|date=August 21, 2012|access-date=August 22, 2012}}
Around the first week of October 2012, Gannett entered a dispute against Dish Network regarding compensation fees and Dish's AutoHop commercial-skip feature on its Hopper digital video recorders. Gannett ordered that Dish discontinue AutoHop on the account that it is affecting advertising revenues for Gannett's television stations. Gannett threatened to pull all of its stations should the skirmish continue beyond October 7, and Dish and Gannett fail to reach an agreement.{{Cite news|last=Loose |first=Ashley|title=DISH customers may lose Gannett programming, including 12 News KPNX, over AutoHop feature |url=http://www.abc15.com/dpp/news/region_phoenix_metro/central_phoenix/dish-customers-may-lose-gannett-programming-including-12-news-kpnx-over-autohop-feature|access-date=October 6, 2012|work=KNXV-TV|date=October 5, 2012|url-status=dead|archive-url=https://web.archive.org/web/20121011013154/http://www.abc15.com/dpp/news/region_phoenix_metro/central_phoenix/dish-customers-may-lose-gannett-programming-including-12-news-kpnx-over-autohop-feature|archive-date=October 11, 2012}}{{Cite news|last=Vuong|first=Andy|title=Gannett threatening to black out stations in its dispute with Dish|url=http://www.denverpost.com/business/ci_21710959/gannett-threatening-black-out-stations-its-dispute-dish|access-date=October 6, 2012|newspaper=Denver Post|date=October 6, 2012}} The two parties eventually reached an agreement after extending the deadline for a few hours.{{cite news|last=Warner|first=Melodie|title=Dish, Gannett Reach New Deal|url=https://www.wsj.com/articles/SB10000872396390444897304578044401930225948|access-date=October 8, 2012|newspaper=The Wall Street Journal|date=October 8, 2012}}
=Acquisition of Belo Corporation, 2013=
{{Further|Belo Corporation}}
On June 13, 2013, Gannett announced plans to buy Dallas-based Belo Corporation for $1.5 billion and the assumption of debt. The purchase would add 20 additional stations to Gannett's portfolio and make the company the fourth largest television broadcaster in the U.S. with 43 stations.{{cite news|url=https://www.reuters.com/article/us-belo-gannett-idUSBRE95C0G320130613|date=June 13, 2013|title=Gannett to buy Belo for $1.5 billion|website=Reuters}}{{cite news|last=Littleton|first=Cynthia|title=Gannett in $2.2 Bil Deal to Acquire Belo Station Group; Deal will expand Gannett's clout as owner of Big 3 affiliates|url=https://variety.com/2013/tv/news/gannett-in-2-2-bil-deal-to-buy-belo-station-group-1200496474/|access-date=June 22, 2013|work=Variety|date=June 13, 2013}} Because of ownership conflicts that exist in markets where both Belo and Gannett own television stations and newspapers, the use of a third-party company (Sander Media, LLC, owned by former Belo executive Jack Sander) as a licensee to buy stations to be operated by the owner of a same-market competitor and concerns about any possible future consolidation of operations of Gannett- and Belo-owned properties in markets where both own television stations or collusion involving the Gannett and Sander stations in retransmission consent negotiations, anti-media-consolidation groups (such as Free Press) and pay television providers (such as Time Warner Cable and DirecTV) have called for the FCC to block the acquisition.{{cite news|url=https://www.broadcastingcable.com/news/free-press-others-ask-fcc-deny-some-gannettbelo-transfers-61657|title=Free Press, Others Ask FCC To Deny Some Gannett/Belo Transfers|first=John|last=Eggerton|work=Broadcasting & Cable|date=March 16, 2018}}{{cite news|first=Katy|last=Bachman|url=https://www.adweek.com/tv-video/public-interest-groups-cable-companies-oppose-gannett-belo-merger-151425/|title=Public Interest Groups, Cable Companies Oppose Gannett-Belo Merger|work=AdWeek|date=July 25, 2013|url-access=subscription}}
On December 16, 2013, the United States Department of Justice announced that Gannett, Belo, and Sander would need to divest Belo's station in St. Louis, KMOV, to a government-approved third-party that would be barred from entering into any agreements with Gannett, in order to fully preserve competition in advertising sales with Gannett-owned KSDK.{{cite news|last=Eggerton|first=John|title=Justice: Sander Can't Keep KMOV|url=http://www.broadcastingcable.com/news/washington/justice-sander-cant-keep-kmov/127991|access-date=December 20, 2013|newspaper=Broadcasting & Cable|date=December 16, 2013}} The deal was approved by the FCC on December 20,{{cite web|title=FCC OKs Gannett-Belo And Tribune-Local|url=http://www.tvnewscheck.com/article/72866/fcc-oks-gannettbelo-and-tribunelocal|work=TVNewsCheck|access-date=December 20, 2013|date=December 20, 2013}} and it was completed on December 23.[http://www.tvnewscheck.com/article/72893/gannett-completes-its-acquisition-of-belo Gannett Completes Its Acquisition of Belo], TVNewsCheck, Retrieved December 23, 2013 On February 28, 2014, Meredith Corporation officially took over full control of KMOV.{{cite news|url=https://www.stltoday.com/article_a03f725d-4d48-5dc8-8374-0d6287fdcc1b.html|title=Meredith Corp. closes on $177 million purchase of KMOV|website=STL Today|date=February 28, 2014|first=Lisa|last=Brown}}
=Acquisition of London Broadcasting Company stations, 2014=
On May 14, 2014, Gannett announced the acquisition of six stations from the Texas-based London Broadcasting Company in a $215 million deal, including KCEN-TV (NBC) in Waco-Temple-Bryan, KYTX (CBS) in Tyler-Longview, KIII (ABC) in Corpus Christi, KBMT (ABC/NBC) in Beaumont-Port Arthur, KXVA (FOX) in Abilene-Sweetwater and KIDY (FOX) in San Angelo. The company's COO Phil Hurley will also join Gannett to continue his leadership role at the six stations.{{cite web|title=Gannett Buys 6 London Broadcasting Stations|url=http://www.tvnewscheck.com/article/76329/gannett-buys-6-london-broadcasting-stations|work=TVNewsCheck|access-date= May 14, 2014|date=May 14, 2014}} The acquisition was completed on July 8, 2014; in total, Gannett stations now serve 83% of households in the state.{{cite news|title=Gannett Completes London Broadcasting Buy|url=http://www.tvnewscheck.com/article/77580/gannett-completes-london-broadcasting-bu|access-date=August 5, 2014|work=TVNewsCheck}} Post acquisition, Gannett now outright owns and operates their first Fox affiliates, KIDY & KXVA.
=Split and further deals, 2014-2018=
On August 5, 2014, Gannett announced that it plans to split into two independent publicly traded companies–one focused on newspapers and publishing, the other on broadcasting. Robert Dickey, head of old Gannett's newspaper division, became CEO of the newspaper company, leaving Gannett's remaining broadcasting and digital operations under the leadership of Martore. In a statement, she explained that the split plans were "significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus, and strengthening all of our businesses to compete effectively in today's increasingly digital landscape." Additionally, the company announced that it would buy out the remainder of Classified Ventures—a joint venture between Gannett and several other media companies, for $1.8 billion, giving it full ownership of properties such as Cars.com.{{cite news|title=Media Giant Gannett to Spin Off USA Today and Print Business| url=https://dealbook.nytimes.com/2014/08/05/gannett-to-spin-off-its-print-business/|first1=Christine|last1=Haughney| first2=Michael J.|last2=de la Merced|date=August 5, 2014|url-access=limited}}{{cite news|title=Gannett Reorganizing, Buying Cars.com|url=http://www.netnewscheck.com/article/35277/gannett-reorganizing-buying-carscom|access-date=August 5, 2014|work=TVNewsCheck|date=August 5, 2014|archive-url=https://web.archive.org/web/20141006082025/http://www.netnewscheck.com/article/35277/gannett-reorganizing-buying-carscom|archive-date=October 6, 2014|url-status=dead}} On April 21, 2015, Gannett announced that the publishing arm would continue to use the Gannett name, while the broadcasting and digital company would be named Tegna—an anagram of Gannett.{{cite news|last1=Yu|first1=Roger|title=Gannett to change name to TEGNA amid print unit spinoff|url=https://www.usatoday.com/story/money/2015/04/21/gannett-changes-name-to-tegna/26127343/|work=USA Today|date=April 21, 2015}} The split was completed on June 29, 2015. The split was structured so that the old Gannett changed its name to Tegna, and then spun off its publishing interests as a "new" Gannett Company. Tegna retained "old" Gannett's stock price history under a new ticker symbol, TGNA, while "new" Gannett inherited "old" Gannett's ticker symbol, GCI.
The two companies shared a headquarters complex in Tysons Corner for a time, though Tegna has since moved to a new 440,000-square-foot office tower nearby, occupying roughly 60,000 square feet.{{Cite web |last=Neibauer |first=Michael |date=June 17, 2016 |title=Tegna lands new home in Tysons |url=https://www.bizjournals.com/washington/breaking_ground/2016/06/tegna-lands-new-home-in-tysons.html |access-date=August 17, 2022 |website=bizjournals.com}}
On October 7, 2015, Gannett struck a deal to buy the Journal Media Group for $280 million, giving it control of publications in over 100 markets in the Midwestern and Southern U.S. Similar to what Gannett had earlier done with its broadcasting assets, the Milwaukee-based Journal had separated its publishing and broadcasting arms in April 2015, with the E. W. Scripps Company acquiring the television and radio properties owned by the former's technical predecessor Journal Communications and spinning out their respective publishing operations into Journal Media Group.{{cite news|title=Gannett to buy Journal Media Group for $280 million|url=https://www.usatoday.com/story/money/2015/10/07/gannett-buy-journal-media-group-280-million/73548926/|author=Roger Yu|newspaper=USA Today|date=October 7, 2015}} In December 2015, Gannett announced that its local newspapers would be branded as the "USA Today Network", signifying a closer association with the national USA Today paper.{{cite news|title=Gannett introduces USA Today Network, uniting local, national properties |url=https://www.usatoday.com/story/money/2015/12/03/gannett-introduces-usa-today-network-uniting-local-national-properties/76716562/|work=USA Today|publisher=Gannett Company}}
In April 2016, Gannett made an unsolicited bid to acquire the Tribune Publishing Company for $12.25 per-share, or around $400 million. This deal was rejected by Tribune's shareholders in May 2016; in turn, Gannett increased its offer to around $15 per-share (around $800 million). Although the two companies held talks during the summer and into the fall of 2016, disappointing earning reports for Gannett for the second and third quarters of 2016 caused Gannett to pull out of talks on November 1.{{cite web|title=Gannett and Tribune Publishing execs trade barbs as takeover battle heats up|url=http://www.latimes.com/business/la-fi-gannett-tpub-20160520-snap-story.html|website=Los Angeles Times|date=May 20, 2016|access-date=May 20, 2016}}{{cite web|title=Tribune Publishing shares surge after Gannett launches takeover bid|url=http://www.latimes.com/business/la-fi-gannett-offer-tribune-publishing-20160425-story.html|website=Los Angeles Times|date=April 25, 2016|access-date=May 20, 2016}}{{cite web|last1=Doctor|first1=Ken|title=Tribune chair: Sell to Gannett? We'll buy Gannett!|url=http://www.capitalnewyork.com/article/media/2016/05/8599610/tribune-chair-sell-gannett-well-buy-gannett|website=Politico|access-date=May 20, 2016|archive-url=https://web.archive.org/web/20160520072850/http://www.capitalnewyork.com/article/media/2016/05/8599610/tribune-chair-sell-gannett-well-buy-gannett|archive-date=May 20, 2016|url-status=dead}}{{cite web|url=http://www.chicagotribune.com/business/ct-gannett-pulls-tronc-offer-1102-biz-20161101-story.html|title=Gannett pulls offer for Tronc, publisher of Chicago Tribune|first=Robert|last=Channick|website=Chicago Tribune|date=November 2016 }}
Gannett announced it would not be delaying print deadlines for the 2018 midterm elections in the United States, meaning that next-day newspapers would no longer contain the election's results, instead directing readers to the Internet.{{cite news|last=Doctor|first=Ken|date=November 1, 2018|title=Newsonomics: "Digital defeats print" is the headline as Gannett steps away from printed election results|publisher=Nieman Foundation for Journalism|url=http://www.niemanlab.org/2018/11/newsonomics-digital-defeats-print-is-the-headline-as-gannett-steps-away-from-printed-election-results/}}
= Sale to GateHouse Media and relationship with Softbank, 2019 =
{{Further|GateHouse Media}}
In January 2019, Digital First Media (DFM) made an unsolicited bid to acquire Gannett for $1.36 billion, but it was rejected for being undervalued.{{Cite web|url=https://www.chicagotribune.com/business/ct-biz-gannett-turns-down-digital-first-20190204-story.html|title=Gannett rejects $1.36 billion buyout offer from Digital First Media|last=Arbel |first=Tali|website=Chicago Tribune|date=February 4, 2019 |language=en-US|access-date=March 11, 2019}} In an attempt to pursue a hostile takeover, DFM built up a 7.5% stake of Gannett's public shares. Gannett subsequently accused the company of engaging in a proxy fight.{{Cite web|url=https://deadline.com/2019/02/gannett-rebuffs-board-maneuver-by-digital-first-media-in-proxy-fight-1202554442/|title=Gannett Rebuffs Board Maneuver By Digital First Media In Proxy Fight, Blasts Takeover Proposal As "Deficient"|last=Hayes|first=Dade|date=February 11, 2019|website=Deadline|language=en|access-date=March 11, 2019}}{{Cite web|url=https://www.businessinsider.com/digital-first-media-is-planning-a-play-to-buy-gannett-wsj-2019-1|title=Digital First Media is reportedly planning to make an offer to buy USA Today publisher Gannett|last=Edwards|first=Christian|website=Business Insider|access-date=March 17, 2019}} After a failed attempt to place three DFM nominees on Gannett's board of directors through a proxy vote on May 16, 2019, DFM sold shares lowering their ownership to 4.2%.{{cite web|url=https://www.usatoday.com/story/money/2019/05/22/mng-enterprises-reduces-stake-gannett/1197951001/|last=Tyko |first=Kelly |date=May 22, 2019|title=Hedge fund-owned MNG reduces stake in Gannett to 4.2%|work=USA Today|access-date=May 23, 2019}}
On August 5, 2019, New Media Investment Group, parent of GateHouse Media, announced that it would acquire Gannett.{{Cite web|url=https://www.wsj.com/articles/gatehouse-media-parent-to-buy-gannett-for-1-4-billion-11565031875|title=GateHouse Media Parent to Buy Gannett for $1.4 Billion|first1=Cara|last1=Lombardo|last2=Trachtenberg|first2=Jeffrey A.|date=August 5, 2019|work=The Wall Street Journal|access-date=August 6, 2019|url-access=subscription}} New Media Investment Group was managed by a private equity firm, Fortress Investment Group. Fortress was owned until May 2024,{{Cite web |title=Fortress Management and Mubadala Complete Acquisition of Fortress Investment Group {{!}} Fortress |url=https://www.fortress.com/media/2024-05-15-fortress-management-and-mubadala-complete-acquisition-of-fortress-investment-group |access-date=2025-01-06 |website=www.fortress.com |language=en}} by the Japanese conglomerate Softbank.{{Cite web|title=Newsonomics: Softbank, Fortress, Trump – and the real story of Gatehouse's boundless ambition|url=https://www.niemanlab.org/2017/02/newsonomics-softbank-fortress-trump-and-the-real-story-of-gatehouses-boundless-ambition/|access-date=September 2, 2020|website=Nieman Lab}} Apollo Global Management funded the acquisition with a $1.792 billion loan.{{cite web|url=https://www.usatoday.com/story/money/2019/08/05/gannett-gatehouse-media-new-media-investment-group/1902550001/|last=Bomey|first=Nathan |date=August 5, 2019|title=GateHouse Media owner to acquire USA Today owner Gannett| work=USA Today|access-date=August 6, 2019}} Although GateHouse was the nominal survivor, the combined company took the better-known Gannett name. Michael E. Reed, the CEO of GateHouse's parent company, was named CEO.{{Cite web| url=https://www.cnn.com/2019/08/05/media/gannett-gatehouse-merger/|title=USA Today owner Gannett merges with GateHouse Media to form massive newspaper company |last=Darcy|first=Oliver|date=August 5, 2019|website=CNN|archive-url=https://web.archive.org/web/20190811210834/https://www.cnn.com/2019/08/05/media/gannett-gatehouse-merger/index.html |archive-date=August 11, 2019|url-status=live|access-date=August 13, 2019}}{{Cite web|url=https://www.businesswire.com/news/home/20190805005547/en/New-Media-Investment-Group-Acquire-Gannett|title=New Media Investment Group to Acquire Gannett|date=August 5, 2019|website=Business Wire |language=en|access-date=August 13, 2019}} The new management team immediately announced it would target "inefficiencies", which could lead to cutbacks at newspapers and reduction in newspaper staff.{{Cite news|last=Tracy|first=Marc|date=November 19, 2019|title=Gannett, Now Largest U.S. Newspaper Chain, Targets 'Inefficiencies'|language=en-US|work=The New York Times|url=https://www.nytimes.com/2019/11/19/business/media/gannett-gatehouse-merger.html|access-date=September 2, 2020|issn=0362-4331}}
In December 2019, CNBC listed Gannett along with 91 additional Fortune 500 companies that "paid an effective federal tax rate of 0% or less" in 2028 as a result of Donald Trump´s Tax Cuts and Jobs Act of 2017.
As of 2022, Gannett's board of directors, which does not include anyone with journalism background, paid CEO Mike Reed a salary $900,000 and long term stock incentives adding to a total of $7.7 million in 2021, the first full year after the merger. The total compensation was estimated with Gannett stock valued at the then current price. During Reed's tenure, Gannett stock has fallen 70%, reducing the value of future equity incentive plan awards.[https://s1.q4cdn.com/307481213/files/doc_downloads/annual_meeting/2022/Gannett-2022-Definitive-Proxy-Statement.pdf Gannett Proxy Statement], April 27, 2022Brian McGrory, [https://www.msn.com/en-us/news/us/gannett-s-ceo-is-getting-rich-by-gutting-a-newspaper-near-you/ar-AA18Y1hP "Gannett's CEO is getting rich by gutting a newspaper near you"], Opinion, Boston Globe, March 23, 2023
= Sued for enabling sexual abuse of paperboys in 1970s New York and Arizona, 2019 =
In 2019, Gannett was sued{{Cite web|title=Richard Bates Complaint v. Democrat and Chronicle and Gannett | Complaint | Summons|url=https://www.scribd.com/document/430598295/D-C-sexual-assault-lawsuit-October-16-2019|website=Scribd}} under the New York State Child Victim's Act by a former paperboy who accused the company of enabling a former district manager to sexually abuse him in the 1980s. In late 2018 as Gannett was seeking partners for a merger, fending off a hostile takeover and its stock fell,{{Cite web|last=Bloomberg |date=January 14, 2019|title=Hedge fund known for 'milking' newspapers for cash takes aim at Gannett|url=https://www.latimes.com/business/la-fi-digital-first-gannett-20190114-story.html|access-date=January 3, 2022|website=Los Angeles Times|language=en-US}} this former paperboy emailed investigative reporters and Gannett management asking them to investigate his claims. In response, Karen Magnuson, then Executive Editor for Gannett's Democrat and Chronicle, told reporters to put their investigative reporting of abuse claims on "pause",{{Cite web |last=Manzhos |first=Mariya |date=December 20, 2021 |title=Former paperboys await justice after suing Gannett for allowing sexual abuse four decades ago |url=https://www.poynter.org/business-work/2021/former-paperboys-await-justice-after-suing-gannett-for-allowing-sexual-abuse-four-decades-ago/ |access-date=December 20, 2021 |website=Poynter.org}} and brought the email to the attention of Gannett's management to conduct their own investigation.
Gannett chief operating officer Michael G. Kane sent the original claimant a letter indicating no evidence had been found and they were "closing out" the matter. A few months later New York passed its Child Victim Act lifting statute of limitations on child sex abuse claims.{{Cite web|date=December 7, 2021|title=Former paperboys await justice after suing Gannett for allowing sexual abuse four decades ago|url=https://www.poynter.org/?p=977924|access-date=January 3, 2022|website=Poynter|language=en-US}} Four more lawsuits were filed in February 2020{{Cite web|last=Andreatta|first=David|title=More Gannett paperboys allege sexual abuse|url=https://www.rochestercitynewspaper.com/rochester/more-gannett-paperboys-allege-sexual-abuse/Content?oid=11095490|website=CITY News}} Additionally, three more men filed suit against Gannett for child sex abuse in September 2020 and April 2021;{{Cite web|title=Two more former paperboys come forward to allege sexual abuse by supervisor: Lawsuit|url=https://abcnews.go.com/US/paperboys-forward-allege-sexual-abuse-supervisor-lawsuit/story?id=73226121|website=ABC News}}
In December 2020, Gannett and its Arizona Republic newspaper were sued by two former paperboys in the Phoenix, Arizona community for enabling its employees to sexually abuse them in the late 1970s.{{Cite web|last=Baxter|first=Erasmus|date=December 15, 2020|title=Former Paperboy Sues Arizona Republic Over Child Sex Abuse Ring|url=https://www.phoenixnewtimes.com/news/former-paperboy-sues-arizona-republic-over-child-sex-abuse-ring-11519531|website=Phoenix New Times}} As the New York state window to file under its Childs Victim Act closed in August 2021, another man sued Gannett in Rochester, New York, alleging child sex abuse by the same former district manager of paperboys. This latest case brings the total to eleven men who are suing Gannett for enabling sexual abuse of former paperboys, some as young as eleven at the time.
Nearly three years after the first lawsuit filing, in July 2022, Gannett defense attorneys notified the court of their intent to file a motion to have the former paperboys' Child Victims Act cases taken "out of the state court system and turn them over to the New York Workers' Compensation Board"{{Cite web|url=https://rochesterbeacon.com/2022/09/08/gannetts-legal-gambit/|title=Gannett's legal gambit|first=Will|last=Astor|date=September 8, 2022|website=Rochester Beacon}} stating that the 11–14-year-old paperboys should have applied for workman's compensation at the time of their injuries in the 1980s or upon enactment of the CVA in 2019.{{Cite web |last=Dean |first=Andrew |date=July 28, 2022 |url=https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=oKUHyrvdVbsaTWAtEJPBDA==|title=Letter to Judge Deborah A. Chimes|website=iapps.courts.state.ny.us/}} In December 2022, presiding Judge, Deborah A. Chimes acquiesced to Gannett's demands that NY Workers Compensation Board – despite the existence of the Child Victims Act as NY State law – determine if Plaintiffs have a valid cause of action for damages or whether they are limited to benefits under the Worker’s Compensation Law. This despite the fact that the Workers Compensation Board has no mechanism to consider this question of justice and legal rights, as the Board is tasked by the state of New York solely to: " administer workers’ compensation, disability benefits and Paid Family Leave."{{Cite web |title=Information About the New York State Workers' Compensation Board |url=https://www.wcb.ny.gov/content/main/TheBoard/InfoAbout.jsp |access-date=2025-03-01 |website=www.wcb.ny.gov}} On July 26, 2024, this demand of Gannett, received and accepted fully by Judge Deborah Chimes, was reversed, {{Cite web |title=Suit-alleging-child-sex-abuse-wrongly-sent-to-workers-comp |url=https://www.businessinsurance.com/article/20240729/NEWS08/912365864/Suit-alleging-child-sex-abuse-wrongly-sent-to-workers-comp-board |website=business insurance}}by the Fourth Judicial Department of the Appellate Division of the New York State Supreme Court. The nine plaintiff cases remain pending action by Judge Chimes and her court.
=COVID-19, 2020=
In March 2020, Gannett announced that due to COVID-19, it will be forced to make a series of cuts and furloughs. Executives would also take a 25% reduction in salary.{{Cite web |last=Edmonds |first=Rick |date=March 30, 2020 |title=Gannett, responding to the coronavirus-related downturn, announces a series of cuts |url=https://www.poynter.org/business-work/2020/gannett-responding-to-the-coronavirus-related-downturn-announces-a-series-of-cuts/ |website=Poynter}}
=Reduction of editorial content, 2022- 2024=
In April 2022, a committee of Gannett editors made the formal recommendation that newspapers in the chain should significantly pare back the opinion material that newspapers traditionally publish on their editorial pages, including editorials, op-ed columns, syndicated columns and editorial cartoons. According to the company-wide memo, "Readers don't want us to tell them what to think. They don't believe we have the expertise to tell anyone what to think on most issues. They perceive us as having a biased agenda." The memo additionally claimed that editorial content is the least-read content in the papers while being the most likely reason someone gives for cancelling a subscription.{{cite news |last1=Kornfield |first1=Meryl |title=The biggest U.S. newspaper chain wants less opinion in its pages |url=https://www.washingtonpost.com/media/2022/06/09/gannett-opinion-pages/ |access-date=June 10, 2022 |newspaper=Washington Post |date=June 9, 2022}}
In March 2024, the company announced that effective March 25, it would end its legacy Associated Press premium subscription, meaning it would no longer pay to publish AP dispatches, photos and video from the wire service in Gannett-owned publications.{{Cite web |last=Korach |first=Natalie |date=2024-03-19 |title=Gannett to Halt Use of AP Content in its Publications |url=https://www.thewrap.com/gannett-drops-ap-associated-press-usa-today/ |access-date=2024-03-19 |website=TheWrap |language=en-US}} According to a statement from the company, this decision, regarded by observers as a cost-cutting move, "will give us the opportunity to redeploy more dollars toward our teams and build capacity where we might have gaps."{{cite news |last1=Korach |first1=Natalie |title=USA Today Publisher Gannett to Drop Associated Press Content Across All Publications |url=https://www.yahoo.com/entertainment/usa-today-publisher-gannett-drop-172126799.html |access-date=March 19, 2024 |publisher=Yahoo News |date=March 19, 2024}}
In that same memo, Gannett said it signed an agreement with Reuters to publish the newswire's global content. Gannett will continue to pay AP for its election-related polling and vote-counting, and pay to access the AP Stylebook. Gannet's contract with AP was set to expire at the end of 2024. It is unclear why the company ended the agreement early or how much it was paying AP.{{Cite web |last=Bauder |first=David |date=2024-03-19 |title=Gannett news chain says it will stop using AP content for first time in a century |url=https://apnews.com/article/gannett-associated-press-contract-97405e4715c9a25d21477b992028db2a |access-date=2024-03-19 |website=Associated Press |language=en}}
=Financial conditions and layoffs 2022=
In the second quarter of 2022, Gannett's revenue was $749 million, sustaining a loss of $54 million. In reaction to the news, the company announced, "In the coming days, we will be making necessary but painful reductions to staffing, eliminating some open positions and roles that will impact valued colleagues."
{{Cite web |last=Edmonds |first=Rick |date=2022-08-04 |title=Gannett reports disastrous financial results; layoffs are coming |url=https://www.poynter.org/reporting-editing/2022/gannett-reports-disastrous-financial-results-layoffs-are-coming/ |access-date=2024-03-19 |website=Poynter |language=en-US}} At the end of August, the company announced that it was laying off 3% of its United States workforce, which was about 400 employees. At this announcement, Gannett also said they would not be filling 400 open positions.{{cite news |last1=Fu |first1=Angela |title=After weeks of silence, Gannett revealed that it laid off 400 employees and cut 400 open positions |url=https://www.poynter.org/business-work/2022/gannett-august-2022-layoffs-400-employees/ |access-date=September 3, 2022 |publisher=Poynter |date=August 31, 2022}}
At the time of the announcement, Gannett stock, which was already down about 45% on the year, fell an additional 28.5%.
In October, the company announced the second round of financial austerity steps. These included the requirement that all employees take a week of unpaid leave in December, and a suspension of matching contributions to employee 401(k) accounts. Gannett also instituted a hiring freeze and is seeking volunteers for buyouts.{{cite news |last1=Fu |first1=Angela |title=Gannett announces new cuts including mandatory unpaid leave and buyouts |url=https://www.poynter.org/business-work/2022/gannett-announces-new-cuts-including-mandatory-unpaid-leave-and-buyouts/ |access-date=October 13, 2022 |publisher=Poynter |date=October 12, 2022}}
Gannett announced around 200 more layoffs, or 6% of the news division, in November 2022.{{Cite web |last=Edmonds |first=Rick |date=2022-11-17 |title=Gannett tells its news division that more layoffs are coming Dec. 1 |url=https://www.poynter.org/business-work/2022/gannett-tells-its-news-division-that-more-layoffs-are-coming-dec-1/ |access-date=2022-11-17 |website=Poynter |language=en-US}}
As part of the cuts, Gannett stopped printing six community papers, collectively known as the Observer and Eccentric chain, in southeast Michigan, including the print editions of the Livonia Observer and papers covering Westland, Farmington, Plymouth, Canton, and Birmingham.{{cite news |url=https://michiganadvance.com/2022/12/17/everyones-just-a-dollar-sign-to-them-gannett-journalists-reel-from-new-cutbacks/ |title='Everyone's just a dollar sign to them': Gannett |first1=Anna |last1=Gustafson |newspaper=Michigan Advance |date=December 17, 2022}}{{cite news |title=Livonia Observer |url=https://www.mondotimes.com/1/world/us/22/1246/3126 |access-date=December 19, 2022 |work=Mondo Times}}{{cite news |date=December 18, 2022 |title=Muffled Sound of Death Knell for a Once Real Newspaper |url=https://plymouthvoice.com/muffled-sound-of-death-knell-for-a-once-real-newspaper/ |newspaper=Plymouth Voice |quote=Gannett, a Virginia based publisher {{mdash}} the largest newspaper chain in the U.S., announced they will cease printing six local publications {{mdash}} part of the Observer and Eccentric community papers. The final print editions of the bi-weekly Plymouth, Canton, Birmingham, Farmington, Westland, and Livonia Observer were published on Sunday, Dec. 4.}} Gannett indicated that the publications would provide online content.
=Acquisitions=
{{div-col|colwidth=18em|content=
- 1906 – Elmira Gazette
- 1912 – The Ithaca Journal
- 1928 – Democrat and Chronicle
- 1943 – Binghamton Press
- 1959 – Courier Post
- 1965 - Cocoa Tribune
- 1966 - Titusville Star Advocate
- 1969 – Pensacola News Journal{{cite web|url=https://www.congress.gov/congressional-record/2014/3/5/extensions-of-remarks-section/article/E314-1|title=Congressional Record – Recognizing the 125th Anniversary of the Pensacola News Journal |access-date=February 15, 2017}}
- 1971 – Federated Publications
- 1971 – Honolulu Star-Bulletin
- 1972 – Pacific and Southern Company, Inc (Taken over by Combined Communications)
- 1973 – Oregon Statesman and Capital Journal (These two papers were merged into the Statesman-Journal in 1980)
- 1976 – Tucson Citizen{{cite web|url=https://news.google.com/newspapers?id=k4YqAAAAIBAJ&pg=2088,907321|title=The Pittsburgh Press - Google News Archive Search|access-date=April 26, 2016}}
- 1977 – The Poughkeepsie Journal
- 1977 – Speidel Newspapers, 13 daily and 5 Sunday papers, including Tucson, AZ; Stockton, CA; St. Cloud, MN; and Iowa City, IA. Second largest newspaper acquisition in U.S. history at the time.{{cite web|url=https://news.google.com/newspapers?nid=2519&dat=19770511&id=-0ZiAAAAIBAJ&pg=3806,1401399|title=Observer-Reporter – Google News Archive Search|access-date=April 26, 2016}}William H. Jones and Laird Anderson, [https://www.washingtonpost.com/archive/business/1977/07/30/gannett-73-papers-and-still-counting/f5a7dec3-e17c-4fb3-860d-a5ba7762b5d2/ "Gannett: 73 Papers and Still Counting"], The Washington Post, July 30, 1977.
- 1978 – Combined Communications, owner of newspapers, television stations, radio stations and outdoor advertising{{cite news|url=https://www.nytimes.com/1978/05/09/archives/combined-communications-agrees-to-a-370-million-gannett-merger.html|title=Combined Communications Agrees To a $370 Million Gannett Merger |date=May 9, 1978|newspaper=The New York Times|access-date=April 26, 2016}}
- 1979 – The News Journal Company, from DuPont{{cite news|url=https://www.nytimes.com/1978/02/05/archives/gannett-takes-over-wilmington-papers-new-publisher-promises.html|title=Gannett Takes Over Wilmington Papers|work=The New York Times |date=February 5, 1978|access-date=April 26, 2016}}
- 1979 – The Tennessean{{cite web|url=https://www.proquest.com/docview/134370640|title=Gannett to Acquire Nashville Tennessean, Sell Afternoon Paper|access-date=April 26, 2016|id={{ProQuest|134370640}} }}
- 1982 – Mississippi Publishers, owner of The Clarion-Ledger{{cite web|url=https://www.nytimes.com/1982/06/02/business/gannett-buys-11-newspapers.html|title=Gannett Buys 11 Newspapers|date=June 2, 1982|work=The New York Times|access-date=April 26, 2016}}
- 1983 – WTCN-TV (now KARE) from Metromedia and WLVI from Field Communications
- 1985 – Des Moines Register and Tribune Co.{{cite web|url=https://news.google.com/newspapers?id=g4hQAAAAIBAJ&pg=6811,83071|title=The Milwaukee Sentinel – Google News Archive Search|access-date=April 26, 2016}}{{Dead link|date=May 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
- 1985 – Family Weekly, from CBS{{cite web|url=https://www.nytimes.com/1985/02/22/business/gannett-gets-family-weekly.html|title=Gannett Gets Family Weekly|date=February 22, 1985|work=The New York Times|access-date=April 26, 2016}}
- 1986 – Courier-Journal and Louisville Times Company{{cite web|url=https://www.nytimes.com/1986/05/20/us/gannett-gets-louisville-papers-for-300-million.html|title=Gannett Gets Louisville Papers for 300 Million|date=May 20, 1986|work=The New York Times|access-date=April 26, 2016}}
- 1986 – Evening News Association and The Detroit News{{cite news | url=https://www.nytimes.com/1986/02/19/business/gannett-acquires-evening-news.html| title=Gannett Acquires Evening News |work=The New York Times |date=February 19, 1986}}
- 1986 – Arkansas Gazette
- 1988 – WFMY-TV and WTLV from Harte-Hanks Communications
- 1990 – Great Falls Tribune
- 1991 – New Jersey Publishing
- 1992 – The Honolulu Advertiser
- 1995 – Multimedia, broadcaster and publisher{{cite news| url=https://www.chicagotribune.com/1995/07/25/gannett-widens-scope-acquiring-multimedia/ | work=Chicago Tribune | first=Tim | last=Jones | title=Gannett Widens Scope, Acquiring Multimedia | date=July 25, 1995}}
- 1997 – Army Times Publishing Company{{Cite web|url=http://www.gannett.com/article/99999999/PRESSRELEASES15/100721029/Gannett-completes-purchase-of-Army-Times-Publishing-Co.|archive-url=https://web.archive.org/web/20150616143646/http://www.gannett.com/article/99999999/PRESSRELEASES15/100721029/Gannett-completes-purchase-of-Army-Times-Publishing-Co|url-status=dead|title=Gannett Government Media|archive-date=June 16, 2015}}
- 1997 – Asbury Park Press and Home News Tribune{{cite web|url=https://news.google.com/newspapers?id=oXEaAAAAIBAJ&pg=2106,2803018|title=Milwaukee Journal Sentinel - Google News Archive Search|access-date=April 26, 2016}}{{Dead link|date=May 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
- 1998 – Daily Record
- 1999 – Newsquest, newspaper and trade publisher in the United Kingdom. Websites include the Glasgow-based job board s1jobs.com{{cite web|url=http://www.s1jobs.com|title=Jobs in Scotland on s1jobs.com, the number 1 Scottish job site|website=s1jobs}} and Exchange and Mart
- 2000 – News Communications & Media, newspaper publisher in the United Kingdom{{Cite web|url=http://www.gannett.com/article/99999999/PRESSRELEASES12/100722093/Gannett-announces-terms-of-offer-to-acquire-U.K.-s-News-Communications-&-Media|archive-url=https://web.archive.org/web/20140102192300/http://www.gannett.com/article/99999999/PRESSRELEASES12/100722093/Gannett-announces-terms-of-offer-to-acquire-U.K.-s-News-Communications-%26-Media|url-status=dead|title=Gannett announces terms of offer to acquire U.K.'s News Communications & Media|archive-date=January 2, 2014}}
- 2000 – Central Newspapers, six daily newspapers{{cite news| url=https://www.chicagotribune.com/2000/06/29/gannett-agrees-to-buy-central-newspapers/ | work=Chicago Tribune | first=Tim | last=Jones | title=Gannett Agrees To Buy Central Newspapers | date=June 29, 2000}}
- 2001 – 21 newspapers from Thomson Newspapers{{Cite web|url=http://www.gannett.com/article/99999999/PRESSRELEASES12/100722087/Gannett-to-acquire-Thomson-properties--including-21-daily-newspapers|archive-url=https://archive.today/20130917181314/http://www.gannett.com/article/99999999/PRESSRELEASES12/100722087/Gannett-to-acquire-Thomson-properties--including-21-daily-newspapers|url-status=dead|title=Gannett to acquire Thomson properties, including 21 daily newspapers|archive-date=September 17, 2013}}
- 2001 – Surrey & Sussex Publishing, Horley Publishing, and Dimbleby Newspaper Group; newspaper publishers in the United Kingdom
- 2003 – Clipper Magazine{{cite web|url=https://news.google.com/newspapers?id=PkomAAAAIBAJ&pg=1999,367935|title=Gettysburg Times – Google News Archive Search|access-date=April 26, 2016}}
- 2003 – Three newspapers from Scottish Media Group
- 2005 – Detroit Free Press and Tallahassee Democrat from Knight Ridder{{cite news| url=http://usatoday30.usatoday.com/money/media/2005-08-03-detroit-papers_x.htm | work=USA Today | first1=Paul | last1=Davidson | title=Three-way newspaper deal | date=August 4, 2005}}
- 2005 – HomeTown Communication Network (formerly The Observer & Eccentric Media){{Cite web|url=https://static.hometownlife.com/aboutus/|title=About Us | Livonia|website=static.hometownlife.com}}
- 2006 – WATL from Tribune Company{{Cite web|url=http://www.gannett.com/article/99999999/PRESSRELEASES06/100426019/Gannett-completes-the-acquisition-of-WATL-TV-Channel-36-in-Atlanta|archive-url=https://web.archive.org/web/20140102192713/http://www.gannett.com/article/99999999/PRESSRELEASES06/100426019/Gannett-completes-the-acquisition-of-WATL-TV-Channel-36-in-Atlanta|url-status=dead|title=Gannett completes the acquisition of WATL-TV Channel 36 in Atlanta|archive-date=January 2, 2014}} & KTVD from Newsweb Corporation.
- 2011 – Reviewed{{cite press release|url=https://www.prnewswire.com/news-releases/usa-today-acquires-reviewedcom-112863219.html|title=USA Today Acquires Reviewed.com|publisher=Cision PR Newswire|access-date=August 9, 2019}}
- 2013 – Belo: 20 TV stations in 15 markets, plus 4 regional cable news networks
- 2014 – 6 TV stations in Texas from London Broadcasting Co.{{cite web|url=http://www.tvnewscheck.com/article/77580/gannett-completes-london-broadcasting-buy|title=Gannett Completes London Broadcasting Buy|work=TV News Check |access-date=April 26, 2016|date=July 8, 2014}}
- 2015 – Acquired remaining (56.36%) ownership in Texas-New Mexico Newspapers Partnerships, acquiring control of 11 papers in 3 states{{Cite press release|title = Gannett acquires 11 media organizations digital first media|url = http://www.gannett.com/news/press-releases/2015/6/1/gannett-acquires-11-media-organizations-digital-first-media//|website = gannett.com|access-date = June 29, 2015|archive-date = September 16, 2015|archive-url = https://web.archive.org/web/20150916134833/http://www.gannett.com/news/press-releases/2015/6/1/gannett-acquires-11-media-organizations-digital-first-media//|url-status = dead}}
- 2015 – Romanes Media Group, UK regional publisher
- 2015 – Company renamed to Tegna, spin-off of print assets to new company retaining Gannett name
- 2016 – Journal Media Group
- 2016 – ReachLocal
- 2016 – North Jersey Media Group
- 2016 – Golfweek{{Cite news |url=https://golfweek.com/2016/10/05/gannett-acquires-golfweek-usa-today-sports-media-group/ |title=Gannett announces acquisition of Golfweek |date=October 5, 2016 |work=Golfweek |access-date=July 20, 2018 |language=en-US}}
- 2018 – Wordstream{{Cite web |last=O'Brien |first=Kelly J. |date=May 11, 2018 |title=WordStream acquired by Gannett for up to $150M |url=https://www.bizjournals.com/boston/news/2018/05/11/wordstream-acquired-by-gannett-for-up-to-150m.html |access-date=March 19, 2024 |website=Boston Business Journal}}
}}
List of Gannett Co. assets
{{Main|List of assets owned by Gannett}}
Gannett's media properties include the following newspapers among the top 100 by circulation in the United States:{{Cite web|url=https://www.infoplease.com/arts-entertainment/newspapers-and-magazines/top-100-newspapers-united-states|title=Top 100 Newspapers in the United States|website=Infoplease|publisher=Sandbox Networks, Inc.|access-date=April 8, 2016}}
= USA Today Network =
The USA Today Network is the largest local-to-national publishing organization in the country according to Gannett. USA Today, as the national paper, is its flagship brand. The network uses reporting from local publications in the national publication and vice versa.{{Cite web |title=Brands |url=https://www.gannett.com/brands/ |access-date=2023-10-28 |website=Gannett |language=en-US}}
According to the New York Times in 2021, it included local papers published by Gannett in 46 states.{{Cite news |last=Tracy |first=Marc |date=2021-07-07 |title=USA Today will make readers pay for its website, joining other top news outlets. |language=en-US |work=The New York Times |url=https://www.nytimes.com/2021/07/07/business/usa-today-paywall.html |access-date=2023-10-29 |issn=0362-4331}} In 2023, the network hired dedicated reporters to cover Taylor Swift and Beyonce.{{Cite news |last=Medina |first=Eduardo |date=2023-09-13 |title=Taylor Swift and Beyoncé Get Their Own Press Corps |language=en-US |work=The New York Times |url=https://www.nytimes.com/2023/09/13/business/media/taylor-swift-reporter-gannett.html |access-date=2023-10-29 |issn=0362-4331}}
Gannett acknowledged in 2021 that it provided advertisers with inaccurate information for nine months misrepresenting where billions of ads were placed.{{Cite news |last=Haggin |first=Patience |date=2022-03-09 |title=WSJ News Exclusive {{!}} USA Today Owner Gannett Co. Gave Advertisers Inaccurate Information for Nine Months |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/usa-today-owner-gannett-co-gave-advertisers-inaccurate-information-for-nine-months-11646784745 |access-date=2023-10-29 |issn=0099-9660}}
=Print media=
{{div-col|colwidth=22em|content=
- USA Today of New York City
- Ventura County Star of Camarillo, California
- The Times Herald of Port Huron, Michigan
- The Arizona Republic of Phoenix, Arizona
- Detroit Free Press of Detroit, Michigan
- El Paso Times of El Paso, Texas
- The Journal Sentinel of Milwaukee, Wisconsin
- The Indianapolis Star of Indianapolis, Indiana
- The Record of Bergen County, New Jersey
- The Cincinnati Enquirer of Cincinnati, Ohio
- The Columbus Dispatch of Columbus, Ohio
- The Times-Reporter of New Philadelphia, Ohio
- The Oklahoman of Oklahoma City, Oklahoma
- The Courier-Journal of Louisville, Kentucky
- The Des Moines Register of Des Moines, Iowa
- The Florida Times-Union of Jacksonville, Florida
- The Tennessean of Nashville, Tennessee
- Democrat and Chronicle of Rochester, New York
- The Commercial Appeal of Memphis, Tennessee
- Asbury Park Press of Asbury Park, New Jersey
- The News Journal of Wilmington, Delaware
- The News-Sentinel of Knoxville, Tennessee
- The Journal News of White Plains, New York
- Reno Gazette-Journal of Reno, Nevada
- Providence Journal of Providence, Rhode Island
- The Daily Independent of Ridgecrest, California
- Observer Dispatch of Utica, New York
- The Gadsden Times of Gadsden, Alabama
- Naples Daily News of Naples, Florida
- The Gaston Gazette of Gastonia, North Carolina
- The Shelby Star of Shelby, North Carolina
- The Daytona Beach News-Journal of Daytona Beach, Florida
- The Columbia Daily Tribune of Columbia, Missouri
- Argus Leader of Sioux Falls, South Dakota
}}
Significant digital investments
- Digg — sold to BuySellAds in April 2018{{cite web |title=The beloved Digg, once the chief rival to Reddit, was just sold to an advertising tech company |url=https://www.businessinsider.com/digg-sells-to-buysellads-an-ad-tech-company-2018-4 |website=Business Insider |access-date=September 23, 2018 |date=April 25, 2018}}
Directors and senior executives
Gannett has an eight-member board of directors{{cite web|url=https://www.usatoday.com/story/money/2019/05/16/gannett-mng-enterprises-digital-first-media-proxy-results/3682770002/|last=Bomey|first=Nathan|date=May 16, 2019|title=Gannett board members reelected as shareholders reject MNG nominees|work=USA Today|access-date=August 6, 2019}} and 11 senior executives.
On October 6, 2011, Gannett's chairman, president and chief executive officer Craig A. Dubow resigned, citing health reasons. He was succeeded by Gracia Martore, Gannett's chief operating officer, a 26-year company veteran.Krantz, Matt (October 7, 2011). [https://www.usatoday.com/money/media/story/2011-10-07/gannett-ceo-resigns/50687494/1 "Gannett CEO Dubow resigns; Martore named successor"]. USA Today.
From 2005 until 2008 Sue Clark-Johnson was president of Gannett's Newspaper Division.{{Cite news |last1=Johnson |first1=Andrew |last2=Wiles |first2=Russ |date=2008-01-11 |title=Gannett exec Sue Clark-Johnson will retire in May, return to Valley |pages=31 |work=Arizona Republic |url=https://www.newspapers.com/article/arizona-republic-gannett-exec-sue-clark/133922417/ |access-date=2023-10-23}}
In May 2019, Barbara Wall was appointed as interim chief executive officer after Bob Dickey retired.{{cite web|url=https://www.bizjournals.com/washington/news/2019/05/07/gannett-ceo-exits-as-company-battles-hostile.html|last=Neibauer |first=Michael |date=May 7, 2019|title=Gannett CEO exits as company battles hostile takeover bid|work=Washington Business Journal|access-date=August 6, 2019}}
Mike Reed became Gannett's Chief Executive Officer in June 2020. His immediate predecessor,
Paul Bascobert, served in the role for about ten months, starting in August 2019.{{cite web|url=https://www.usatoday.com/story/money/2020/06/18/gannett-ceo-gannett-co-s-operating-company-leave-company/3217196001/|last=Brinkerhoff |first=David |date=June 20, 2020|title= CEO of Gannett's operating company, Paul Bascobert, will leave company; Mike Reed assumes responsibilities|work=USA Today|access-date=September 29, 2021}}
Headquarters
In 2001, the company completed construction of its corporate headquarters at the Valo Park business park in Tysons, Virginia.{{Cite web |last=Woolsey |first=Angela |date=2024-03-04 |title=USA Today publisher Gannett moves out of longtime Tysons HQ |url=https://www.ffxnow.com/2024/03/04/usa-today-publisher-gannett-moves-out-of-longtime-tysons-hq/ |access-date=2024-03-19 |website=FFXnow |language=en}} The 1.5 million-square-foot facility sat on a 30-acre site and included a mile-long jogging path, softball fields, tennis courts, a fitness center, athletic facilities and a helipad.{{Cite web |title=Gannett/USA TODAY Headquarters |url=https://www.clarkconstruction.com/our-work/projects/gannettusa-today-headquarters |access-date=2024-03-19 |website=Clark Construction |language=en}}
In February 2024, Gannett moved out of its headquarters and planned to relocate to a 24,000-square-foot leased office space in New York City starting March 31.
References
{{Reflist|30em}}
External links
- {{Commons category-inline}}
- {{Official website|https://www.gannett.com}}
{{Finance links
| name = Gannett Co., Inc.
| symbol = GCI
| reuters = GCI.N
| bloomberg = GCI:US
| sec_cik = 1579684
| yahoo = GCI
| google = GCI:NYSE
}}
{{Gannett}}
{{PulitzerPrize National Reporting}}
{{PulitzerPrize PublicService 1976–2000}}
{{PulitzerPrize SpecialCitations Journalism}}
{{Authority control|state=expanded}}
Category:Holding companies of the United States
Category:Mass media companies of the United States
Category:Newspaper companies of the United States
Category:Companies based in McLean, Virginia
Category:Publishing companies established in 1906
Category:Companies listed on the New York Stock Exchange
Category:Pulitzer Prize for Public Service winners