|Traded as||NYSE: GCI
S&P 500 Component
|Headquarters||Tysons Corner, Virginia, U.S.
(McLean mailing address)
|Key people||Gracia Martore
(Chairman and CEO)
|Revenue||US$ 5.2 billion (2013)|
|Operating income||US$ 739.2 million (2013)|
|Net income||US$ 445.9 million (2013)|
|Total assets||US$ 9.2 billion (2013)|
|Total equity||US$ 2.7 billion (2013)|
Gannett Company, Inc. is a publicly traded media holding company headquartered in Tysons Corner, Virginia, near McLean 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 weekly USA Weekend. Its largest non-national newspaper is The Arizona Republic in Phoenix, Arizona. 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, NY, The Des Moines Register, the Detroit Free Press and The News-Press in Fort Myers. Gannett owns or operates 46 television stations through Gannett Broadcasting, Inc. and is the largest group owner of stations affiliated with NBC and CBS. Gannett also holds substantial properties in digital media including PointRoll, BNQT Media Group, Planet Discover, Ripple6 and ShopLocal through Gannett Digital.
- 1 History
- 2 List of Gannett Co. assets
- 3 Directors and senior executives
- 4 References
- 5 External links
|This section requires expansion with: information on Gannett's early history (1923-1986). (October 2012)|
Gannett Company, Inc. was founded in 1923 by Frank Gannett in Rochester, New York as an outgrowth of 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 17 television 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 want indpendent and became Outfront Media)
The company was headquartered in Rochester until 1986, when it relocated 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 introduced its new logo for the company, which replaced the stylized "G" logo that was in use since the 1970s (which was notably used on its TV stations as a corporate/local ID for many years, with different animations). The rebranding also introduced a new tagline for the company: "It's all within reach."
In 2011, Gannett was criticized for laying off 700 U.S. employees as a cost-cutting measure after having increased executive salaries and bonuses. Bob Dickey, Gannett's U.S. newspapers division president, was paid $3.4 million in 2010, up from $1.9 million the previous year. 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 be implementing a paywall system across all of its newspaper websites, with non-subscriber access will be limited to between five and fifteen articles per month, varying by newspaper. The USA Today website will be the only one continuing 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 threatens 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.
Acquisition of 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. 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,
Acquisition of London Broadcasting Company stations
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.
Spin-off of publishing division, acquisition of Classified Ventures
On August 5, 2014, Gannett announced that it plans to spin-off its newspaper and publishing arm as a separate company, which will retain the Gannett name. Robert Dickey—who currently leads Gannett's newspaper group—will serve as CEO of the company, leaving Gannett's remaining broadcasting and digital operations under the leadership of Martore. In a statement, she explained that the spin-off process 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.
- 1906 - Elmira Gazette
- 1912 - The Ithaca Journal
- 1928 - Democrat and Chronicle
- 1971 - Federated Publications
- 1971 - Honolulu Star-Bulletin
- 1976 - Tucson Citizen
- 1977 - Speidel Newspapers
- 1979 - The News Journal Company, from DuPont
- 1979 - The Tennessean
- 1979 - Combined Communications, owner of newspapers, television stations, radio stations and outdoor advertising
- 1982 - Mississippi Publishers, owner of the The Clarion-Ledger
- 1985 - Des Moines Register and Tribune Co.
- 1985 - Family Weekly, from CBS
- 1986 - Courier-Journal and Louisville Times Company
- 1986 - Arkansas Gazette
- 1990 - Great Falls Tribune
- 1992 - The Honolulu Advertiser
- 1995 - Multimedia, broadcaster and publisher
- 1997 - Army Times Publishing Company
- 1997 - Asbury Park Press and Home News Tribune
- 1999 - Newsquest, newspaper and trade publisher in the United Kingdom
- 2000 - News Communications & Media, newspaper publisher in the United Kingdom
- 2000 - Central Newspapers, six daily newspapers
- 2001 - 21 newspapers from Thomson Newspapers
- 2001 - Surrey & Sussex Publishing, Horley Publishing, and Dimbleby Newspaper Group; newspaper publishers in the United Kingdom
- 2003 - Clipper Magazine
- 2003 - Three newspapers from Scottish Media Group
- 2005 - Detroit Free Press and Tallahassee Democrat from Knight Ridder
- 2006 - WATL from Tribune Company &KTVD From Newsweb Corporation.
- 2013 - Belo 20 TV stations in 15 markets, plus 4 regional cable news networks
- 2014 - 6 TV stations in Texas from London Broadcasting Co.
- unknown - Pacific and Southern Company, Inc
List of Gannett Co. assets
- USA Today of Tysons Corner, Virginia (1,830,594, 2nd overall)
- The Arizona Republic of Phoenix, Arizona (308,973, 14th)
- Detroit Free Press of Detroit, Michigan (245,326, 20th)
- The Indianapolis Star of Indianapolis, Indiana (182,933, 32nd)
- The Courier-Journal of Louisville, Kentucky (159,275, 42nd)
- The Cincinnati Enquirer of Cincinnati, Ohio (157,574, 43rd)
- The Tennessean of Nashville, Tennessee (127,538, 61st)
- Democrat and Chronicle of Rochester, New York (119,399, 65th)
- Asbury Park Press of Neptune City, New Jersey (112,683, 68th)
- The Des Moines Register of Des Moines, Iowa (109,095, 73rd)
- The News Journal of Wilmington, Delaware (87,138, 89th)
- The Journal News of White Plains, New York (79,525, 96th)
- WBIR-TV (NBC) in Knoxville, Tennessee
- WXIA-TV (NBC) and WATL (MyNetworkTV) in Atlanta, Georgia (Pacific and Southern Company, Inc.)
- WUSA (CBS) in Washington, D.C.
- KPNX (NBC) in Phoenix, Arizona
- WTSP (CBS) in Tampa-St. Petersburg, Florida (Pacific and Southern Company, Inc.)
- KARE (NBC) in Minneapolis-Saint Paul, Minnesota
- KUSA-TV (NBC) and KTVD (MyNetworkTV) in Denver, Colorado
- KVUE (ABC) in Austin, Texas
- WKYC-TV (NBC) in Cleveland, Ohio
- KXTV (ABC) in Sacramento, California
- KSDK (NBC) in St. Louis, Missouri
- WZZM-TV (ABC) in Grand Rapids, Michigan
- WFMY-TV (CBS) in Greensboro, North Carolina
- WJXX (ABC) and WTLV (NBC) in Jacksonville, Florida
- WGRZ-TV (NBC) in Buffalo, New York
- KTHV-TV (CBS) in Little Rock, Arkansas
- KIII-TV (ABC) in Corpus Christi, Texas
- WLTX (CBS) in Columbia, South Carolina (Pacific and Southern Company, Inc.)
- WMAZ-TV (CBS) in Macon, Georgia (Pacific and Southern Company, Inc.)
- KCEN-TV (NBC) in Waco, Texas - Temple, Texas - Bryan, Texas
- WCSH (NBC) in Portland, Maine (Pacific and Southern Company, Inc.)
- WLBZ (NBC) in Bangor, Maine
- WFAA (ABC) in Dallas, Texas
- KHOU (CBS) in Houston, Texas
- KENS (CBS) in San Antonio, Texas
- KMSB (Fox) and KTTU in Tucson, Arizona (KMSB is owned by Sander Media and KTTU is owned by Tucker Operating Co.; both receive shared services from Gannett and in turn Raycom Media)
- KING-TV (NBC) and KONG (Ind.) in Seattle, Washington
- KGW (NBC) in Portland, Oregon (owned by Sander Media; receives shared services from Gannett)
- KREM (CBS) and KSKN (The CW) in Spokane, Washington
- KTVB (NBC) in Boise, Idaho
- WCNC-TV (NBC) in Charlotte, North Carolina
- WVEC (ABC) in Hampton, Virginia
- WWL-TV (CBS) and WUPL (MyNetworkTV) in New Orleans, Louisiana
- WHAS-TV (ABC) in Louisville, Kentucky (owned by Sander Media; receives shared services from Gannett)
- KYTX-TV (CBS) in Tyler, Texas - Longview, Texas
- KBMT-TV (ABC) in Beaumont, Texas - Port Arthur, Texas
- KXVA (FOX) in Abilene, Texas - Sweetwater, Texas
- KIDY-TV (FOX) in San Angelo, Texas
- BLiNQ Media
- Captivate Network
- CareerBuilder (50.8%)
- Classified Ventures (20%)
Directors and senior executives
Gannett's chairman, president and chief executive officer was Craig A. Dubow. Dubow resigned on October 6, 2011, citing health reasons. Gracia Martore Gannett's chief operating officer, a 26-year company veteran, was chosen as Dubow's successor. Gannett has a ten-member board of directors.
Eleven senior executives make up the Gannett leadership team, shown here
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- Loose, Ashley (October 5, 2012). "DISH customers may lose Gannett programming, including 12 News KPNX, over AutoHop feature". KNXV-TV. Retrieved October 6, 2012.
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- Eggerton, John (December 16, 2013). "Justice: Sander Can't Keep KMOV". Broadcasting & Cable. Retrieved December 20, 2013.
- "FCC OKs Gannett-Belo And Tribune-Local". TVNewsCheck. Retrieved 20 December 2013.
- Gannett Completes Its Acquisition of Belo, TVNewsCheck, Retrieved 23 December 2013
- Meredith Corp. closes on $177 million purchase of KMOV, stltoday.com, February 28, 2014.
- "Gannett Buys 6 London Broadcasting Stations". TVNewsCheck. Retrieved May 14, 2014.
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- "Gannett Reorganizing, Buying Cars.com". TVNewsCheck. 5 August 2014. Retrieved 5 August 2014.
- Gannett Set To Purchase Tucson Citizen
- Gannett, Speidel In Merger
- GANNETT TAKES OVER WILMINGTON PAPERS
- Gannett to Acquire Nashville Tennessean, Sell Afternoon Paper
- Combined Communications Agrees To a $370 Million Gannett Merger
- Gannett Buys 11 Newspapers
- Gannett To Purchase Des Moines Register
- GANNETT GETS FAMILY WEEKLY
- GANNETT GETS LOUISVILLE PAPERS FOR 300 MILLION
- Jones, Tim (July 25, 1995). "Gannett Widens Scope, Acquiring Multimedia". Chicago Tribune.
- Gannett Government Media
- Gannett Buys 2 Papers
- Gannett announces terms of offer to acquire U.K.'s News Communications & Media
- Jones, Tim (June 29, 2000). "Gannett Agrees To Buy Central Newspapers". Chicago Tribune.
- Gannett to acquire Thomson properties, including 21 daily newspapers
- Gannett To Buy Clipper Magazine
- Davidson, Paul (August 4, 2005). "Three-way newspaper deal". USA Today.
- Gannett completes the acquisition of WATL-TV Channel 36 in Atlanta
- "Our Locations By Division". Gannett. Retrieved 2012-01-04.
- ""Audit Bureau of Circulations: US Newspapers", September 30, 2010". Abcas3.accessabc.com. 2011-09-30. Retrieved 2012-01-04.
- Krantz, Matt (October 7, 2011). "Gannett CEO Dubow resigns; Martore named successor". USA Today.
- "Gannett Board of DIrectors". gannett.com. Retrieved 11 December 2014.
|Wikimedia Commons has media related to Gannett Company.|
- Gannett Company website
- Gannett Local
- Gannett at Columbia Journalism Review
- Gannett, Encyclo: an encyclopedia of the future of news, Nieman Journalism Lab
- Collected news and commentary at The New York Times