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Gannett Co, inc (GCI) Q2 2021 Earnings Call Transcript

Gannett Co, inc (GCI) Q2 2021 Earnings Call Transcript
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Gannett Co Inc (GCI) Q1 2021 Earnings Call Transcript

Greetings. Welcome to the Gannett 1Q Earnings Call. [Operator Instructions]
I will now to turn the conference over to your host Trisha Gosser. Ms. Gosser, you may begin.
Trisha Gosser
Senior Vice President-Finance And Investor Relations
Thank you, Alex. Good morning, everyone and thank you for joining our call today to discuss Gannett s first quarter 2021 results. Presenting on today s call will be Mike Reed, Chairman and Chief Executive Officer and Doug Horne, Chief Financial Officer. During this call, we will discuss Gannett s financial results for the quarter. If you navigate to the Gannett website, you will find that we have posted an earnings supplement in addition to our earlier press release. We will be referencing it today on the call as it provides you with additional detail on this quarter s performance. Before we begin, please let me remind you that this call is being recorded. In addition, statements made during this call with respect to future resul ....

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Why Shares of Gannett Are Falling Today

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Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group.
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What happened
Shares of
Gannett (NYSE: GCI), America s largest newspaper publisher, traded more than 13% lower as of 10:53 a.m. this morning after the company reported earnings results from the first quarter of the year.
So what
Gannett, the publisher of
USA Today, reported a net loss of more than $142 million in the first quarter, or a loss of $1.06 per share, on total revenues of $777 million, down from an $80 million loss in the first quarter of 2020 on total revenues of $948 million. Earnings missed analysts consensus widely, which had Gannett posting a loss of $0.17 per share. Total revenues also came up short. ....

United States , Michael Reed , Digital Marketing Solutions , United States Today , New Media Investment , ஒன்றுபட்டது மாநிலங்களில் , மைக்கேல் நாணல் , டிஜிட்டல் சந்தைப்படுத்தல் தீர்வுகள் , ஒன்றுபட்டது மாநிலங்களில் இன்று , புதியது மீடியா முதலீடு ,