Gannett

This article is about the demerged Gannett Co., Inc. For the company holding broadcasting and digital assets known as Gannett until 2015, see Tegna Inc. For other uses, see Gannett (disambiguation).

Gannett Co., Inc.
Company typePublic
ISINUS36472T1097
IndustryMedia
GenrePublishing
FoundedOctober 6, 1906; 118 years ago (1906-10-06) in Rochester, New York
June 29, 2015; 9 years ago (2015-06-29) (current Gannett Company)
FounderFrank Gannett
SuccessorTegna Inc. (Broadcasting)
HeadquartersNew York City, New York, U.S.
Key people
  • Mike Reed
  • (Chairman and CEO)
ServicesPublishing/Digital Marketing Solutions
RevenueIncrease US$2.9 billion (2022)[1]
Decrease US$–146 million (2019)[2]
Decrease US$–119 million (2019)[2]
Total assetsIncrease US$4.02 billion (2019)[2]
Total equityIncrease US$981 million (2019)[2]
OwnerFortress Investment Group
Number of employees
11,200[1] (2022)
ParentNew Media Investment Group
SubsidiariesNewsquest
Websitegannett.com

Gannett Co., Inc. (/ɡəˈnɛt/) is an American mass media holding company headquartered in New York City.[3] It is the largest U.S. newspaper publisher as measured by total daily circulation.[4]

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.[5]

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[6] was named CEO.[7][8]

  1. ^ a b Fischer, Sara; Flynn, Kerry (March 7, 2023). "Gannett shed nearly half its workforce since GateHouse merger". Axios.
  2. ^ a b c d "Gannett SEC Filing 10-K 2019" (PDF). Archived from the original (PDF) on September 26, 2020. Retrieved July 11, 2019.
  3. ^ Liu, Nicholas (March 10, 2024). "USA Today Owner Gannett Moves HQ from VA to the Theater District". West Side Spirit. Retrieved June 30, 2024.
  4. ^ "Gannett Company, Inc". Library of Congress. Retrieved August 9, 2020.
  5. ^ Chen, Angela (March 12, 2015). "Gannett Split to Close By Mid-Year". The Wall Street Journal. Retrieved June 9, 2015.
  6. ^ Guynn, David Brinkerhoff and Jessica. "CEO of Gannett's operating company, Paul Bascobert, will leave company; Mike Reed assumes responsibilities". USA Today. Retrieved September 8, 2020.
  7. ^ Tracy, Marc (November 19, 2019). "Gannett, Now Largest U.S. Newspaper Chain, Targets 'Inefficiencies'". The New York Times.
  8. ^ "New Media and Gannett Complete Merger, Creating Leading U.S. Print and Digital News Organization" (Press release). Business Wire. November 19, 2019.