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GCI

 

One of the largest newspaper groups in the U.S. It was founded by Frank Ernest Gannett (1876 – 1957), who in 1906 began buying small newspapers in upstate New York. It was incorporated in 1923, and its stock was first publicly traded in 1967. In 1982 it began publishing USA Today, the first national general-interest newspaper in the U.S. By 2005 Gannett owned about 100 daily papers, with a combined circulation of more than 7 million. Most of its newspapers are located in small and medium-sized cities; Gannett's larger papers include the Des Moines Register and the Detroit Free Press. The company's other holdings include online newspapers, television stations, and regional and daily newspapers in Europe.

For more information on Gannett Co., visit Britannica.com.

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Hoover's Profile: Gannett Co., Inc.
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(NYSE:GCI)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Gannett Co., Inc.
7950 Jones Branch Dr.
McLean, VA 22107-0910
VA Tel. 703-854-6000
Fax 703-854-2053

Type: Public
On the web: http://www.gannett.com
Employees: 41,500
Employee growth: (10.0%)

Gannett satisfies news junkies with a stash of daily US papers. The company is the top newspaper publisher in the US with about 85 daily papers boasting a total circulation of more than 6.5 million. Its flagship USA TODAY, with a circulation of more than 2 million, is the nation's largest newspaper. Some other major papers in Gannett's holdings include The Arizona Republic and the Detroit Free Press. The company also owns about 850 non-daily publications, as well as more than 200 papers in the UK published through subsidiary Newsquest. In addition, Gannett owns 23 television stations in 20 markets, publishes periodicals and inserts (including USA WEEKEND), and operates Web sites for many of its papers.

Key numbers for fiscal year ending December, 2008:
Sales: $6,767.6M
One year growth: (9.0%)
Net income: ($6,647.6)M

Officers:
Chairman, President, and CEO: Craig A. Dubow
EVP and CFO: Gracia C. Martore
VP Planning and Development: Daniel S. Ehrman Jr.

Competitors:
Advance Publications
New York Times
News Corp.

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