Gannett Co., Inc. Reiterates Earnings Guidance for the Full Year 2024 and Provides Earnings Guidance for the Full Year 2025 and 2026
May 02, 2024 at 04:30 pm IST
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Gannett Co., Inc. reiterated earnings guidance for the Full Year 2024 and 2025. For the year 2024, the company's Total revenues are expected to be down in the low to mid-single digits on a reported and same store basis. Net income attributable to Gannett is expected to improve, after excluding an impairment charge of approximately $46.0 million related to the exit of McLean, Virginia office during the first quarter of 2024.
For the year 2025 and 2026, total revenues are expected to grow in the low single digits on a reported basis and same store basis. Net income attributable to Gannett is expected to improve to positive.
Gannett Co., Inc. is a diversified media company. The Company operates through three segments: Domestic Gannett Media, Newsquest and Digital Marketing Solutions (DMS). Its Domestic Gannett Media segment comprises USA TODAY, daily and weekly content brands in approximately 220 local United States markets across 43 states and its community events business, USA TODAY NETWORK Ventures. Its core print offerings include home delivery offered on a subscription basis, single copy, and non-daily publications. Its Newsquest segment in the United Kingdom consists of over 220 digital news and media brands across its portfolio, including over 150 daily and weekly newspapers and over 70 magazines. Its DMS segment is dedicated to helping local businesses succeed through digital advertising and marketing solutions. The DMS segment, under the brand LocaliQ, is a cloud-based platform of fully-digital products that delivers customers and drives leads through technology and insights.
GANNETT CO., INC. 
