Gannett Co., Inc. is a publicly traded American mass media holding company headquartered in McLean, Virginia in Greater Washington DC. It is the largest U.S. newspaper publisher as measured by total daily circulation.
Its assets include the national newspaper USA Today and the erstwhile weekly pullout magazine USA Weekend which is found in local newspapers (including some non-Gannett newspapers). Its largest non-national newspaper is the Detroit Free Press in Detroit, Michigan. Other significant newspapers include The Indianapolis Star, The Cincinnati Enquirer, The Tennessean in Nashville, Tennessee, The Courier-Journal in Louisville, Kentucky, the Democrat and Chronicle in Rochester, New York, The Des Moines Register, The Arizona Republic in Phoenix, Arizona, The News-Press in Fort Myers, the Milwaukee Journal Sentinel, and the Great Falls Tribune.
In 2015, Gannett Co., Inc., spun off its publishing business into a separate publicly traded entity, while retaining the internet media divisions. Immediately following the spin off, the former parent Company (Gannett Co., Inc.) renamed itself Tegna and owns approximately 50 TV stations. The spun-off publishing business renamed itself "Gannett".
|Gannett Co., Inc.|
|Traded as||NYSE: GCI|
S&P 600 Component
|Headquarters||Tysons Corner, Virginia, U.S.|
(McLean mailing address)
|Revenue||US $ 3.146 billion (2017)|
|US $ 67.571 million (2017)|
|US $ 6.887 million (2017)|
|Total assets||US $ 2.569 billion (2017)|
|Total equity||US $ 1.017 billion (2017)|
Number of employees
USA Today Networks
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, 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. By 1979, the chain had grown to 79 newspapers.
In 1979, Gannett acquired Combined Communications Corp., operator of 2 major daily newspapers, the Oakland Tribune & The Cincinnati Enquirer, seven television stations, 13 radio stations, as well as an outdoor advertising division, for $370 million. 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 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. Gannett's oldest newspaper still in circulation is the Leaf-Chronicle located in Clarksville, Tennessee. In 2001, the company moved to its current headquarters in Tysons Corner, 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 via Wi-Fi in various formats including text for print publication, still photos for print and online publication, and audio and video for the News-Press website. The practice has spread throughout the chain.
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."
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."
In February 2012, Gannett announced that it would implement a paywall system across all of its daily newspaper websites, with non-subscriber access will be limited to between five and fifteen articles per month, varying by newspaper. The USA Today website became the only one to allow unrestricted access.
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.
On August 21, 2012, Gannett acquired Blinq Media.
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 station. Gannett threatened to pull all of its stations should the skirmish continue beyond October 7, and Dish and Gannett fail to reach an agreement. The two parties eventually reached an agreement after extending the deadline for a few hours.
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.
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. 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.
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. The deal was approved by the FCC on December 20, and it was completed on December 23. On February 28, 2014, Meredith Corporation officially took over full control of KMOV.
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. The acquisition was completed on July 8, 2014; in total, Gannett stations now serve 83% of households in the state. Post acquisition, Gannett now outright owns and operates their first Fox affiliates, KIDY & KXVA.
On August 5, 2014, Gannett announced that it plans to split into two independent publicly traded companies, one focusing on its newspapers and publishing, which will retain the Gannett name, and one on broadcasting. Robert Dickey—who currently leads Gannett's newspaper group—will serve as CEO of the former 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. 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. 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. The two companies shared a headquarters complex in Tysons Corner for a time, though Gannett has since moved to McLean.
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. 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.
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.
In January 2019, Digital First Media made an unsolicited bid to acquire Gannett for $1.36 billion, but it was rejected for being undervalued. Gannett has since accused DFM of engaging in a proxy fight to expedite the takeover; the company has reached 7.5% ownership of Gannett's shares, making it the company's largest public shareholder.
Gannett's media properties include the following newspapers among the top 100 by circulation in the United States:
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. Gannett has a ten-member board of directors and 11 senior executives.
Post-split, Tegna retained Martore as the CEO, and Gannett promoted the Newspaper Chief Robert Dickey to be the new CEO.
The Asbury Park Press is a daily newspaper in Monmouth and Ocean counties of New Jersey and has the third largest circulation in the state. Its investigative staff, led by editor Paul D'Ambrosio, has been awarded numerous national honors in journalism, including the Selden Ring Award for Investigative Reporting, two the Associated Press Managing Editors' Award for Public Service, the National Headliner Award for Public Service and two National Headliner Awards for Best Series (large papers). The Press' investigative team was a finalist for the 2010 Pulitzer Prize in Public Service.
The newspaper was also the home to editorial cartoonist Steve Breen when he won the Pulitzer Prize in that category in 1998.
Gannett purchased the paper in 1997.Barzillai Gannett
Barzillai Gannett (June 17, 1764 – 1832) was a U.S. Representative from Massachusetts.
Born in Bridgewater, Massachusetts, Gannett was graduated from Harvard University in 1785. He studied theology, but did not enter the ministry. He served as Selectman of Pittston, Maine (then a district of Massachusetts). He also served as town clerk in 1794 and town moderator 1797–1802. Gannett was Selectman and assessor of Gardiner, Maine from 1803 to 1808. He was appointed as the first postmaster of Gardiner and served from September 30, 1804, to October 1, 1809. He also served as Town Moderator. Gannett served as member of both the Massachusetts House of Representatives and the Massachusetts State Senate.
Gannett was elected as a Democratic-Republican to the Eleventh and Twelfth Congresses and served from March 4, 1809, until his resignation in 1812.
Because of an accusation regarding a breach of trust Gannett left Maine, changed his name to Benjamin Gardiner, and moved to Ohio.During about the year 1822 Barzillai Gannett (Benjamin Gardiner) again suddenly disappeared from Ohio.Gannett died in New York City in 1832.Democrat and Chronicle
The Democrat and Chronicle is a daily newspaper serving the greater Rochester, New York, area. Located at 245 East Main Street in downtown Rochester, the Democrat and Chronicle operates under the ownership of Gannett. The paper's production facility is located in the town of Greece. The Democrat and Chronicle is Rochester's only daily circulated newspaper.
Founded in 1833 as The Balance, the paper eventually became known as the Daily Democrat. The Daily Democrat merged with another local paper, the Chronicle, in 1870, to become known as the Democrat and Chronicle. The paper was purchased by Gannett in 1928.In 1997 Gannett merged the evening sister paper the Rochester Times-Union into the Democrat and Chronicle, the two merged staffs in 1992 and had shared the same building since 1959 when the Democrat and Chronicle moved from a location at 59-61 East Main Street on the Main Street Bridge where they had been since 1923.
From 1928 to 1985, the Democrat and Chronicle was Gannett's flagship paper, and Gannett's corporate headquarters were located in the Democrat and Chronicle building. Gannett moved its headquarters to Tysons Corner, Virginia; home of USA Today, in 1985.The Democrat and Chronicle who moved into the building in 1959 continued to occupy the historic Gannett Building at 55 Exchange Boulevard until moving to a new smaller building at the Midtown Plaza site on East Main Street in May, 2016.
At 153,350 square feet, the former headquarters in the Gannett building was considerably larger than the current headquarters, which is 42,000 square feet. The Democrat and Chronicle no longer needed the much larger space in the new digital age where newsprint in the United States is on the decline and the building which included the space that formerly held the printing presses prior to 1996 was expensive to maintain.With the move came new branding as D&C Digital, emphasizing focus on the outlet's digital marketing services and video properties.In 2010, The Democrat and Chronicle ranked number one among US newspapers in market penetration, the percentage of readers in a metro area who read in print or online. The Democrat and Chronicle held that top spot for several years, and have been among the leaders since the 1990s.Detroit Free Press
The Detroit Free Press is the largest daily newspaper in Detroit, Michigan, US. The Sunday edition is titled the Sunday Free Press. It is sometimes referred to as the "Freep" (reflected in the paper's web address, www.freep.com). It primarily serves Wayne, Oakland, Macomb, Livingston, Washtenaw, and Monroe counties.
The Free Press is also the largest city newspaper owned by Gannett, which also publishes USA Today. The Free Press has received ten Pulitzer Prizes and four Emmy Awards. Its motto is "On Guard for 188 Years".
In 2018, the Detroit Free Press has received two Salute to Excellence awards from the National Association of Black Journalists.Gannett Peak
Gannett Peak is the highest mountain peak in the U.S. state of Wyoming at 13,810 feet (4,210 m). It lies in the Wind River Range within the Bridger Wilderness of the Bridger-Teton National Forest. Straddling the Continental Divide along the boundary between Fremont and Sublette counties, it has the second greatest topographic prominence in the state (7076') after Cloud Peak (7077'), and is the highest ground for 290 miles in any direction.Green Bay Press-Gazette
The Green Bay Press-Gazette is a newspaper whose primary coverage is of northeastern Wisconsin, including Green Bay. It was founded as the Green Bay Gazette in 1866 as a weekly paper, becoming a daily newspaper in 1871. The Green Bay Gazette merged with its major competitor, the Green Bay Free Press in 1915, assuming its current title. The newspaper was purchased by Gannett in March 1980.In 1972, an internal labor dispute led to the creation of the Green Bay News-Chronicle by striking workers. In 2004, the News-Chronicle was taken over by Press-Gazette publisher, Gannett, who closed it in 2005.
Its sports section includes extensive coverage of the local NFL franchise, the Green Bay Packers. They also cover Wisconsin's Major League Baseball team, the Milwaukee Brewers.
On March 24, 2012, seven Press-Gazette employees were among 25 Gannett employees in Wisconsin who were disciplined by Gannett for signing the petition to recall Governor Scott Walker. Gannett stated that this was a violation of the company's code of journalistic ethics.List of Buffy the Vampire Slayer episodes
Buffy the Vampire Slayer is an American television series created by Joss Whedon, which premiered on March 10, 1997. It concluded on May 20, 2003, after seven seasons with 144 episodes in total, plus an unaired pilot episode.
The first five seasons aired on The WB, and in 2001, it transferred to UPN for its final two seasons. In the United Kingdom, the entire series aired on Sky1 and BBC Two, and on TV3 in Ireland. The story line is continued in comic book form in Season 8, Season 9, Season 10, and Season 11.
All seven seasons of the series are available on individual DVD box sets for Regions 1, 2 and 4. Two complete series collections (The Chosen Collection and The Complete DVD Collection) have been released separately for these regions.List of Seinfeld episodes
Seinfeld is an American television sitcom created by Jerry Seinfeld and Larry David. Seinfeld is a "show about nothing," similar to the self-parodying "show within a show" of fourth-season episode "The Pilot." Jerry Seinfeld is the lead character and played as a fictionalized version of himself. Set predominantly in an apartment block on New York City's Upper West Side, the show features a host of Jerry's friends and acquaintances, which include George Costanza, Elaine Benes, and Cosmo Kramer, who are portrayed by Jason Alexander, Julia Louis-Dreyfus, and Michael Richards, respectively.The series debuted on July 5, 1989, on NBC, as The Seinfeld Chronicles. The pilot episode met with poor reviews, and as a result, NBC passed on the show. However, NBC executive Rick Ludwin believed the series had potential. He therefore gave Seinfeld a budget to create four more episodes, which formed the rest of season 1 and began airing on May 31, 1990. The first season is considered the smallest sitcom order in television history. During its nine-year run, 180 episodes of Seinfeld were produced. The count includes both halves of three one-hour episodes, including the finale, and two retrospective episodes, each split into two parts: "The Highlights of 100", covering the first 100 episodes; and "The Clip Show", also known as "The Chronicle", which aired before the series finale. On November 25, 2004, a special titled The Seinfeld Story was broadcast. This marked the first appearance of Seinfeld on NBC since its series finale in 1998. All nine seasons are available on DVD and, as of 2019, the show is still re-run regularly in syndication. The final episode aired on May 14, 1998.List of The Simpsons episodes (seasons 1–20)
The Simpsons is an American animated television sitcom created by Matt Groening for the Fox Broadcasting Company. It is a satirical depiction of a middle class American lifestyle epitomized by its eponymous family, which consists of Homer, Marge, Bart, Lisa, and Maggie. The show is set in the fictional town of Springfield, and lampoons American culture, society, and television, as well as many aspects of the human condition. The family was conceived by Groening shortly before a pitch for a series of animated shorts with producer James L. Brooks. Groening created a dysfunctional family and named the characters after members of his own family, substituting Bart for his own name. The shorts became a part of the Fox series The Tracey Ullman Show on April 19, 1987. After a three-season run, the sketch was developed into a half-hour prime-time show that was an early hit for Fox.Since its debut on December 17, 1989, The Simpsons has broadcast 656 episodes. The show holds several American television longevity records. It is the longest-running prime-time animated series and longest-running sitcom in the United States. In February 2012, The Simpsons reached its 500th episode in the twenty-third season. With its twenty-first season (2009–10), the series surpassed Gunsmoke in seasons to claim the spot as the longest-running American prime-time scripted television series, and later also surpassed Gunsmoke in episode count with the episode "Forgive and Regret" on April 29, 2018.Episodes of The Simpsons have won dozens of awards, including 31 Emmy Awards (with ten for Outstanding Animated Program), 30 Annie Awards, and a Peabody Award. The Simpsons Movie, a feature-length film, was released in theaters worldwide on July 26 and 27, 2007 and grossed US$526.2 million worldwide. The first eighteen seasons are available on DVD in regions 1, 2, and 4, with the twentieth season released on both DVD and Blu-ray in 2010 to celebrate the 20th anniversary of the series. On April 8, 2015, showrunner Al Jean announced that there would be no more DVD or Blu-ray releases, shifting focus to digital distribution, although this was later reversed on July 22, 2017.On November 4, 2016, The Simpsons was renewed for seasons 29 and 30. It reached its 600th episode on October 16, 2016, in its twenty-eighth season. The thirtieth season premiered on September 30, 2018. On February 6, 2019, The Simpsons was renewed for seasons 31 and 32, in which the latter will contain the 700th episode.List of assets owned by Gannett
Gannett Company owns over 100 daily newspapers, and nearly 1,000 weekly newspapers. These operations are in 43 U.S. states and six countries.Reno Gazette-Journal
The Reno Gazette Journal is the main daily newspaper for Reno, Nevada. It is owned and operated by the Gannett Company. It came into being when the Nevada State Journal (founded on November 23, 1870) and the Reno Evening Gazette (founded on March 28, 1876) were combined on October 7, 1983.Speidel Newspapers bought the Gazette on October 1, 1939 and bought the Journal a month later. Gannett bought Speidel Newspapers on May 11, 1977.The Reno Gazette Journal is one of two dailies (the other being the Sparks Tribune) covering the Reno–Sparks metropolitan area, which is also served by the Reno News & Review, an alternative newsweekly.Sightline Media Group
Sightline Media Group, formerly Gannett Government Media and Army Times Publishing Company, is a United States company which publishes newspapers, magazines, Web sites, and other publications about the U.S. and other militaries.Tegna Inc.
Tegna Inc. (stylized as TEGNA) is an American publicly traded broadcast, digital media and marketing services company headquartered in Tysons, Virginia. It was created on June 29, 2015, when the Gannett Company split into two publicly traded companies. Tegna comprised the more profitable broadcast television and digital media divisions of the old Gannett, while Gannett's publishing interests were spun off as a "new" company that retained the Gannett name. Tegna owns or operates 47 television stations in 39 markets, is the largest group owner of stations affiliated with NBC and CBS, the fourth-largest group owner of stations affiliated with ABC (after Sinclair Broadcast Group, E. W. Scripps Company, and Hearst Television), and holds properties in digital media.The Arizona Republic
The Arizona Republic is an American daily newspaper published in Phoenix. Circulated throughout Arizona, it is the state's largest newspaper. Since 2000, it has been owned by the Gannett newspaper chain.The Cincinnati Enquirer
The Cincinnati Enquirer is a morning daily newspaper published by Gannett Company in Cincinnati, Ohio, United States. First published in 1841, the Enquirer is the last remaining daily newspaper in Greater Cincinnati and Northern Kentucky, although the daily Journal-News competes with the Enquirer in the northern suburbs. The Enquirer has the highest circulation of any print publication in the Cincinnati metropolitan area. A daily local edition for Northern Kentucky is published as The Kentucky Enquirer.
The Enquirer won the 2018 Pulitzer Prize for local reporting for its project titled "Seven Days of Heroin."In addition to the Cincinnati Enquirer and Kentucky Enquirer, Gannett publishes a variety of print and electronic periodicals in the Cincinnati area, including 16 Community Press weekly newspapers, 10 Community Recorder weekly newspapers, and OurTown magazine. The Enquirer is available online at the Cincinnati.com website.The Indianapolis Star
The Indianapolis Star is a morning daily newspaper that began publishing on June 6, 1903, in Indianapolis, Indiana, United States. It has been the only major daily paper in the city since 1999, when the Indianapolis News ceased publication. It won the Pulitzer Prize for Investigative Reporting twice, in 1975 and 1991. It is currently owned by the Gannett Company.The Journal News
The Journal News is a newspaper in New York serving the New York counties of Westchester, Rockland, and Putnam, a region known as the Lower Hudson Valley. It is owned by the Gannett Company, Inc.
The Journal News was created through a merger of several daily community newspapers serving the three counties.
Although the current newspaper's name comes from the Rockland Journal-News, which was based in West Nyack, N.Y., and served Rockland County, the Rockland Journal-News was actually the third-largest newspaper that Gannett merged to create the larger newspaper. The Reporter Dispatch from White Plains, N.Y., and the Herald Statesman in Yonkers, N.Y. were larger and served Westchester County. For years prior to the October 12, 1998, merger that created The Journal News, ten of the newspapers shared substantial content and printing presses.Gannett acquired nine of the newspapers in 1964 from the Macy family and added The Star in Peekskill, N.Y., in 1985. These newspapers previously appeared on newsstands in the evening. In 1989, Gannett created a morning edition for Putnam County, Westchester, and the Bronx called The Sunrise, but it folded after a year. Today, The Journal News appears in the morning like other New York dailies.The Tennessean
The Tennessean (known until 1972 as The Nashville Tennessean) is the principal daily newspaper in Nashville, Tennessee. Its circulation area covers 39 counties in Middle Tennessee and eight counties in southern Kentucky.USA Today
USA Today is an internationally distributed American daily, middle-market newspaper that serves as the flagship publication of its owner, the Gannett Company. The newspaper has a generally centrist audience. Founded by Al Neuharth on September 15, 1982, it operates from Gannett's corporate headquarters on Jones Branch Drive, in McLean, Virginia. It is printed at 37 sites across the United States and at five additional sites internationally. Its dynamic design influenced the style of local, regional, and national newspapers worldwide, through its use of concise reports, colorized images, informational graphics, and inclusion of popular culture stories, among other distinct features.With a weekly circulation of 1,021,638 and an approximate daily reach of seven million readers as of 2016, USA Today shares the position of having the widest circulation of any newspaper in the United States with The Wall Street Journal and The New York Times. USA Today is distributed in all 50 states, the District of Columbia, and Puerto Rico, and an international edition is distributed in Asia, Canada, Europe, and the Pacific Islands.
Pulitzer Prize for Public Service (1976–2000)
Pulitzer Prize Special Citations and Awards (Journalism)