Gannett

POYNTER

Just how big will Gannett get?

Gannett's expansion goal is to be the number one news network in the country as measured by ComScore metrics, CEO Bob Dickey told analysts in an earnings conference call Wednesday. The company can achieve that with a presence in 125 to 140 markets, he added. It won't take 200.  Gannett already has the largest newspaper related sites and trails Time … Read More
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Here's what Gannett would do with Tribune's major newspapers

Michael Ferro, the primary shareholder of Tribune Publishing, on Tuesday told the Tribune-owned Los Angeles Times that Gannett is "trying to steal the company" with its $815 million bid for the publisher of the Chicago Tribune, The Baltimore Sun and nine other major daily newspapers. But Gannett CEO Robert Dickey says his company's offer is a generous one that … Read More
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Gannett and Tribune bosses get into snit during acquisition talks

Update, 6:40 p.m.: Michael Ferro, the primary shareholder of Tribune Publishing, escalated the pointed rhetoric between his company and Gannett Tuesday afternoon, accusing the newspaper publisher of attempting to mount a hostile takeover in an interview with the Los Angeles Times. "I believe 100% in my heart that this is completely a manipulation, that they’re trying to steal the … Read More
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The potential impact of a mega-Gannett-Tribune deal

Good morning. What's up for newsrooms, readers? A hostile $815 million bid for Tribune Publishing by Gannett, owner of USA TODAY and 100 other properties, inspired anxiety in Tribune newsrooms for reasons that Gannett shouldn't deny. Staffers I spoke with at the Los Angeles Times, Chicago Tribune and The Baltimore Sun — three of Tribune's best-known dailies — are nervous, … Read More
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Why Gannett is likely to win its takeover bid for Tribune Publishing

(Updated to include Gannett comment that it will keep Tribune Publishing intact) Despite initial resistance from Tribune Publishing's management, financial logic suggests that Gannett will ultimately succeed in acquiring the company. Consider that Gannett's $815 million offer is a 60 percent-plus premium on the trading value of Tribune Publishing. Tribune's board has a fiduciary duty to consider the proposal … Read More
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Tribune Publishing, fresh from a strategic pivot, is weighing a surprise offer from Gannett

Tribune Publishing was clearly sideswiped. Monday's announcement of a bid for the company from Gannett for $815 million, or $12.25 per share for stock languishing of late at around $7, was met with obvious surprise by Tribune. "I want to update you on a recent development," Justin Dearborn, the new chief executive who comes from the healthcare industry, began … Read More
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Newspaper kingpins launch marketing consortium

Four of America's largest newspaper companies on Thursday announced a marketing cooperative in a bid to bring national advertising to their regional and local properties. Nucleus Marketing Solutions, a joint initiative from Gannett, McClatchy, Hearst and Tribune Publishing, aims to provide marketing services to 70 percent of consumers in the top 30 U.S. advertising markets, according to a press release … Read More
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Can the Billy Penn model for local news work beyond Philadelphia? We're about to find out.

Jim Brady, the man behind Billy Penn, began the Philadelphia news startup with the ambition of putting his vision for local news to the test. Mobile-first. Events-focused. Extremely active on social media. In less than two years, Billy Penn has emerged as a convener and chronicle of Philadelphia, at once covering the city's critical issues and attempting to rally … Read More
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Gannett's revenues are down almost 10 percent, but it expects to make another acquisition soon

Gannett turned a small profit in the fourth quarter of 2015 with healthy digital revenue growth more than offset by weak results in print advertising and circulation. Total revenue was down 9.7 percent compared to the same period in 2014, and net income was $20.4 million, a profit margin of 2.6 percent — low by Gannett standards. While accounting and … Read More
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Gannett rebrands its local papers as USA TODAY Network

In a slightly cryptic rebranding maneuver, Gannett is removing its own name from the digital sites of its 92 local newspaper organizations and describing them as part of the USA TODAY Network. The new style has been piloted at The Courier Journal of Louisville. The company announced today that it will be rolled out to all of its local … Read More
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Tribune Publishing indicates that it does want to buy the Orange County Register

Tribune Publishing took legal action today confirming speculation that it hopes to buy Freedom Communications and its Orange County Register out of federal bankruptcy court. At a hearing, the Wall Street Journal reported, Tribune offered to contribute $3 million to the bankruptcy in exchange for a right to bid on the property when the proceedings are completed. Under … Read More
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Bucking the industry trend, New York Times Co. shows revenue growth in 3rd quarter

As Gannett and New Media Investment Group saw financial results dragged down by deep print ad revenue declines in third quarter earnings reports today, the New York Times posted a small revenue gain of 0.7 percent. The Times held print ad losses to 0.9 percent compared to the same quarter in 2014. Digital ad revenues were down … Read More
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What Gannett gets by getting bigger and why newspaper consolidation will continue

For three different reasons, Gannett's surprise acquisition Wednesday of Journal Media Group (the former Scripps papers and the Milwaukee Journal-Sentinel) makes a lot of sense: -- In the era of digital transformation, bigger is better. A larger audience translates to better prospects for digital ad sales. The combined operations will have 100 million monthly uniques, according to the … Read More
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Gannett to buy Journal Media Group for $280 million

The sign by Gannett's (now TEGNA) headquarters is seen in McLean, Virginia in 2010. (AP Photo) Newspaper giant Gannett announced on Wednesday it has inked a deal to purchase Journal Media Group for $280 million. The deal will enlarge Gannett, already the largest U.S. newspaper publisher by revenue, as it adds Journal's 15 dailies and 18 weeklies to … Read More
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Virtual reality news is becoming a reality in many newsrooms

A story doesn't POINT you there, it PUTS you there. In a sense, a story is a form of transportation. It lifts you from where you are reading and carries you to another time and another place. Roy Peter Clark may not have been thinking about virtual reality when he wrote about the differences between a story and a … Read More