The announcement contains forward-looking statements regarding the anticipated benefits of the collaboration, such as potential revenue and client base growth for Gannett. However, these statements are not guarantees of future performance and are subject to risks and uncertainties. For deeper insights into Gannett’s financial outlook and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence. For deeper insights into Gannett’s financial outlook and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
The announcement contains forward-looking statements regarding the anticipated benefits of the collaboration, such as potential revenue and client base growth for Gannett. However, these statements are not guarantees of future performance and are subject to risks and uncertainties. For deeper insights into Gannett’s financial outlook and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert analysis and actionable intelligence.
Kristin Roberts, Gannett Media Chief Content Officer, emphasized the benefit to local bureaus and media companies, stating that the collaboration will provide access to reliable news that can drive digital audiences without the need for expensive memberships. Alphonse Hardel, Head of Reuters News Agency, highlighted the synergy between the two organizations, which will support U.S. publishers with flexible solutions to better serve their audiences.
The USA TODAY Network | Reuters bundle is expected to be available in the first quarter of 2025 through Reuters API and the Reuters Connect content platform. This initiative is part of ongoing investments to enhance U.S. news offerings, including the appointment of Sally Buzbee as U.S. and Canada news editor.
Gannett is recognized for its commitment to empowering communities through its diverse media and digital marketing solutions, while Reuters, a part of Thomson Reuters (NYSE:TRI), is known for its global reach and trusted journalism.
The announcement contains forward-looking statements regarding the anticipated benefits of the collaboration, such as potential revenue and client base growth for Gannett. However, these statements are not guarantees of future performance and are subject to risks and uncertainties.
This news article is based on a press release statement and does not include any speculation or broader industry impacts.
In other recent news, Gannett Co (NYSE:GCI). Incorporated revealed a positive third-quarter report for 2024, with adjusted EBITDA reaching approximately $63 million, a nearly 6% increase year-over-year. The company’s digital revenue, a key growth area, hit an all-time high, constituting over 45% of total revenue. Audience engagement also rose, with average monthly unique visitors surpassing 200 million, a 7% growth from the previous year. Despite a 6.2% decline in total operating revenues to $612.4 million, digital-only subscription revenue increased by 25% to $50.1 million. Gannett also launched partnerships with BetMGM and Microsoft (NASDAQ:MSFT) to boost content monetization and leverage AI. Looking ahead, the company updated its 2024 digital revenue growth forecast to 6-7% and remains confident in achieving total revenue growth in 2025. These recent developments show Gannett’s strategic initiatives and investments in digital transformation paying off.
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