Gannett Company

From Wikipedia, the free encyclopedia - View original article

Gannett Co., Inc.
TypePublic
Traded asNYSEGCI
FWBGTT
S&P 500 Component
IndustryMedia
Founded1906
Founder(s)Frank Gannett
HeadquartersTysons Corner, Virginia, U.S.
(McLean mailing address)
Key peopleGracia Martore
(President and CEO)
ProductsNewspapers
television
Internet media
RevenueDecrease US$ 5.439 billion (2010)[1]
Operating incomeIncrease US$ 999.7 million (2010)[1]
Net incomeIncrease US$ 588.2 million (2010)[1]
Total assetsDecrease US$ 6.817 billion (2010)[1]
Total equityIncrease US$ 2.334 billion (2010)[1]
Employees32,600 (December 2010)
WebsiteGannett.com
 
Jump to: navigation, search
Gannett Co., Inc.
TypePublic
Traded asNYSEGCI
FWBGTT
S&P 500 Component
IndustryMedia
Founded1906
Founder(s)Frank Gannett
HeadquartersTysons Corner, Virginia, U.S.
(McLean mailing address)
Key peopleGracia Martore
(President and CEO)
ProductsNewspapers
television
Internet media
RevenueDecrease US$ 5.439 billion (2010)[1]
Operating incomeIncrease US$ 999.7 million (2010)[1]
Net incomeIncrease US$ 588.2 million (2010)[1]
Total assetsDecrease US$ 6.817 billion (2010)[1]
Total equityIncrease US$ 2.334 billion (2010)[1]
Employees32,600 (December 2010)
WebsiteGannett.com
Gannett is headquartered in Tysons Corner, Virginia.

Gannett Company, Inc. is a publicly traded media holding company headquartered in Tysons Corner, Virginia, 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 owns 23 television stations through Gannett Broadcasting Inc.[4] and is the largest group owner of NBC-affiliated stations.[5] Gannett also holds substantial properties in digital media including PointRoll, BNQT Media Group,[6] Planet Discover,[7] Ripple6[8] and ShopLocal through Gannett Digital.

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,[9] 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.[10] By 1979, the chain had grown to 79 newspapers.[11]

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.[12] 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.[13] The practice has spread throughout the chain.

On March 7, 2011, Gannett introduced its new logo for the company, which replaced the stylized "G" logo that was in use since the 1970s. The rebranding also introduced a new tagline for the company: "It's all within reach."[14]

In 2011, Gannett was criticized for laying off 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."[15]

Gannett Logo used until March 2011.

In February 2012, Gannett announced a new policy use of the Internet content provided by its newspapers. By the end of 2012, non-subscriber access will be limited to between five and fifteen articles per month, varying by newspaper. The USA Today website will be the only one continuing to allow unrestricted access. Similar restrictions have previously been implemented by other major publications, including The New York Times and The Wall Street Journal.[16]

On August 21, 2012, Gannett acquired Blinq Media.[17]

Around the first week of October 2012, Gannett entered a dispute against Dish Network regarding compensation fees and Dish's AutoHop commercial-skip feature on it's Hopper digital video recorders. Gannett has ordered that Dish discontinue AutoHop on the account that it is affecting advertising revenues for Gannett's television station. Gannett threatens to pull all of its stations should the skirmish continue beyond October 7th and Dish and Gannett fail to reach an agreement. [18] [19] The two parties eventually reached an agreement after extending the deadline for a few hours. [20] Other than this dispute, Gannett has a relatively clean bill of health when it comes to broadcasting disputes and has never faced any serious disputes.

List of Gannett Co. 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:[21][22]

Print media

Broadcast media

Gannett Digital

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.[23] 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. ^ Bachmann, Katy (March 2, 2010). "Gannett Scores With Olympics". Adweek. http://www.adweek.com/news/television/gannett-scores-olympics-114801. Retrieved June 25, 2012. 
  6. ^ "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. 
  7. ^ "Mobile Apps, Local Search, Business Directory, Events, Ad System – Planet Discover". Planetdiscover.com. http://planetdiscover.com/. Retrieved 2012-01-04. 
  8. ^ [1][dead link]
  9. ^ 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 0-87113-984-7. http://www.amazon.com/dp/0871139847. Retrieved March 10, 2011. 
  10. ^ 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. 
  11. ^ 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)
  12. ^ "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. 
  13. ^ 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. 
  14. ^ Lieberman, David (March 4, 2011). "Gannett launches corporate branding campaign". USA Today.
  15. ^ Bullard, Gabe (June 21, 2011). "Gannett Executive Bonuses Criticized Amid Layoffs". Louisville, KY: WFPL.
  16. ^ Bercovici, Jeff (February 22, 2012). "Gannett Building Paywalls Around All Its Papers Except USA Today". Forbes.
  17. ^ Yu, Roger (August 21, 2012). "Gannett buys social-media ad company Blinq Media". USA Today. http://www.usatoday.com/money/media/story/2012-08-21/gannett-acquires-blinq-media/57191320/1. Retrieved August 22, 2012. 
  18. ^ Loose, Ashley (5 October 2012). "DISH customers may lose Gannett programming, including 12 News KPNX, over AutoHop feature". KNXV-TV. http://www.abc15.com/dpp/news/region_phoenix_metro/central_phoenix/dish-customers-may-lose-gannett-programming-including-12-news-kpnx-over-autohop-feature. Retrieved 6 October 2012. 
  19. ^ Vuong, Andy (6 October 2012). "Gannett threatening to black out stations in its dispute with Dish". Denver Post. http://www.denverpost.com/business/ci_21710959/gannett-threatening-black-out-stations-its-dispute-dish. Retrieved 6 October 2012. 
  20. ^ Warner, Melodie (8 October 2012). "Dish, Gannett Reach New Deal". Wall Street Journal. http://online.wsj.com/article/SB10000872396390444897304578044401930225948.html. Retrieved 8 October 2012. 
  21. ^ "Our Locations By Division". Gannett. http://www.gannett.com/section/WHOWEARE06. Retrieved 2012-01-04. 
  22. ^ ""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. 
  23. ^ Krantz, Matt (October 7, 2011). "Gannett CEO Dubow resigns; Martore named successor". USA Today.

External links