Gannett Company

Gannett Co., Inc.
Type Public
Traded as NYSE: GCI
S&P 500 Component
Industry Media
Founded 1906
Founder(s) Frank Gannett
Headquarters Tysons Corner, Virginia, U.S.
Key people Gracia Martore
(President and CEO)
Products Newspapers
television
Internet media
Revenue US$ 5.439 billion (2010)[1]
Operating income US$ 999.7 million (2010)[1]
Net income US$ 588.2 million (2010)[1]
Total assets US$ 6.817 billion (2010)[1]
Total equity US$ 2.334 billion (2010)[1]
Employees 32,600 (December 2010)
Website Gannett.com

Gannett Company, Inc. (NYSE: GCI) is a publicly traded media holding company headquartered in Tysons Corner, Virginia, United States, near McLean.[2][3] 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 also owns 23 television stations[4] and holds substantial properties in digital media including PointRoll, BNQT Media Group,[5] Planet Discover,[6] Ripple6[7] and ShopLocal.

Contents

History

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,[8] 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.[9] By 1979, the chain had grown to 79 newspapers.[10]

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.[11] Gannett's oldest newspaper still in circulation is the Star-Gazette located in Elmira, New York. 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.[12] The practice has spread throughout the chain.

On March 7, 2011, Gannett introduced its new logo for the company, which replaced the stylised "G" logo that was in use since the 1970s.[13]

In 2011, Gannett was criticized for laying off of 700 U.S. employees a as 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."[14]

Assets

Main article: List of Gannett Company assets

Gannett's media properties include the following newspapers among the top 100(by circulation -- figures are approximate) in the United States, and the following television stations:[15][16]

Print media

Broadcast media

Gannett Digital Assets:

Directors

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.[17] Other directors are:

  • Howard D. Elias
  • Arthur H. Harper
  • John Jeffry Louis
  • Scott K. McCune
  • Duncan M. McFarland
  • Susan P. Ness

Senior executives are:

References

  1. ^ a b c d e "2010 Form 10-K, Gannett Co., Inc.". United States Securities and Exchange Commission. http://www.sec.gov/Archives/edgar/data/39899/000095012311017139/c11288e10vk.htm. 
  2. ^ "Contact Us." Gannett Company. Retrieved on January 10, 2011. "7950 Jones Branch Drive McLean, VA 22107-0150."
  3. ^ "Tysons Corner CDP, Virginia." United States Census Bureau. Retrieved on May 7, 2009.
  4. ^ "Web Sites by Division". Gannett.com. http://www.gannett.com/about/map/propmap.htm. Retrieved 2012-01-04. 
  5. ^ "USA TODAY Media Kit :: Press Room :: Press Release :: January 24, 2008". Usatoday.com. 2008-01-24. http://www.usatoday.com/marketing/media_kit/pressroom/2008/releases/012408_aquires_sports_online.html. Retrieved 2012-01-04. 
  6. ^ "Mobile Apps, Local Search, Business Directory, Events, Ad System – Planet Discover". Planetdiscover.com. http://planetdiscover.com/. Retrieved 2012-01-04. 
  7. ^ [1]
  8. ^ Lichtman, Allan J. (2008). White Protestant Nation: The Rise of the American Conservative Movement. Atlantic Monthly Press via Amazon.com Look Inside. p. 87. ISBN 0871139847. http://www.amazon.com/dp/0871139847. Retrieved March 10, 2011. 
  9. ^ Ted Bartlett (August 1985). "National Register of Historic Places Registration: Gannett Building". New York State Office of Parks, Recreation and Historic Preservation. http://www.oprhp.state.ny.us/hpimaging/hp_view.asp?GroupView=4011. Retrieved 2009-11-01. 
  10. ^ Neiva, Elizabeth M. Chain Building: The Consolidation of the American Newspaper Industry, 1955-80, in Business and Economic History, Vol. 24, no. 1 (Fall 1995)
  11. ^ "National Register Information System". National Register of Historic Places. National Park Service. 2009-03-13. http://nrhp.focus.nps.gov/natreg/docs/All_Data.html. 
  12. ^ Martyn, Peter H. (2009). "The Mojo in the Third Millennium". Journalism Practice 3 (2): 196–215. doi:10.1080/17512780802681264. ISSN 1751-2794. http://dx.doi.org/10.1080/17512780802681264. Retrieved November 19, 2011. 
  13. ^ Lieberman, David (March 4, 2011). "Gannett launches corporate branding campaign". USA Today.
  14. ^ Bullard, Gabe (June 21, 2011). "Gannett Executive Bonuses Criticized Amid Layoffs". Louisville, KY: WFPL.
  15. ^ "Our Locations By Division"". Gannett. http://www.gannett.com/section/WHOWEARE06. Retrieved 2012-01-04. 
  16. ^ ""Audit Bureau of Circulations: US Newspapers", September 30, 2010". Abcas3.accessabc.com. 2011-09-30. http://abcas3.accessabc.com/ecirc/newstitlesearchus.asp. Retrieved 2012-01-04. 
  17. ^ Krantz, Matt (October 7, 2011). "Gannett CEO Dubow resigns; Martore named successor". USA Today.

External links

Gannett Company Inc.
Corporate directors:   Gracia C. Martore (Chairman, President & CEO)   •   Full list of directors
United States national newspapers:   USA Today    •   USA Weekend    •   Sports Weekly
Gannett Company regional daily newspapers in the United States

The Advocate  • Argus Leader  • The Arizona Republic  • Asbury Park Press  • Asheville Citizen-Times  • Battle Creek Enquirer  • The Baxter Bulletin  • The Burlington Free Press  • Central Florida Future  • Chillicothe Gazette  • The Cincinnati Enquirer  • Chronicle-Tribune  • The Clarion-Ledger  • Coshocton Tribune  • The Courier-Journal  • Courier News  • Courier-Post  • The Daily Advertiser  • The Daily Journal  • The Daily News Journal  • Daily Record  • The Daily Times  • Daily World  • Democrat and Chronicle  • The Des Moines Register  • The Desert Sun  • Detroit Free Press  • El Paso Times  • Florida Today  • Fort Collins Coloradoan  • Fort Myers News-Press  • Great Falls Tribune  • Green Bay Press-Gazette  • The Greenville News  • Hattiesburg American  • Herald Times Reporter  • Home News Tribune  • The Indianapolis Star  • Iowa City Press-Citizen  • The Ithaca Journal  • The Jackson Sun  • Journal & Courier  • The Journal News  • Lancaster Eagle-Gazette  • Lansing State Journal  • The Leaf-Chronicle  • Livingston County Daily Press & Argus  • Mansfield News Journal  • The Marion Star  • Marshfield News-Herald  • Montgomery Advertiser  • News Herald  • The News Leader  • The News Journal  • The News-Messenger  • The News-Star  • Oshkosh Northwestern  • Pacific Daily News  • Palladium-Item  • Pensacola News Journal  • Port Huron Times Herald  • The Post-Crescent  • Poughkeepsie Journal  • Press & Sun-Bulletin  • Public Opinion  • Reno Gazette-Journal  • The Reporter  • St. Cloud Times  • The Salinas Californian  • The Sheboygan Press  • The Spectrum  • Springfield News-Leader  • Star-Gazette  • The Star Press  • Statesman Journal  • Stevens Point Journal  • Telegraph-Forum  • The Tennessean  • The Times  • Times Herald  • Times Recorder  • The Town Talk  • Tucson Citizen  • Tulare Advance-Register  • Visalia Times-Delta  • Wausau Daily Herald  • Windsor Beacon  • Wisconsin Rapids Daily Tribune
Gannett Company television stations in the United States
ABC affiliates
KXTV  •  WJXX  •  WZZM
CBS affiliates
KTHV  •  WFMY  •  WLTX  •  WMAZ  •  WTSP  •  WUSA
NBC affiliates
KARE  •  KPNX  •  KSDK  •  KUSA  •  WBIR  •  WCSH  •  WGRZ  •  WKYC  •  WLBZ  •  WTLV  •  WXIA
MyNetworkTV affiliates
KTVD  •  WATL
Newsquest daily newspapers in the United Kingdom
Gannett Government Media newspapers and magazines

Air Force Times  • Armed Forces Journal  • Army Times  • C4ISR Journal  • Defense News  • Federal Times  • Marine Corps Times  • Military Times  • Military Times Edge  • Navy Times  • Training & Simulation Journal
Other assets: Clipper Magazine  •  Gannett Digital  •  Gannett Foundation  •  Gannett Healthcare Group  •  Pointroll Inc.  •  ShopLocal
Investments: CareerBuilder (50.8%) •  Classified Ventures (joint venture) •  Metromix (50%) •  Topix (minority stake)  
Annual revenue: US$8.03 billion (2004)  •  Employees: 49,675  •  Stock symbol: NYSE: GCI  •  Website: gannett.com
* indicates award given to widow in year after his death
  • Complete list
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